Industry News

Universal Music Group Faces Dozens of Artist Lawsuits Related to the 2008 Universal Studios Fire — And a Potentially Serious Hit to Its $50B Valuation

With all of the lip service given to transparency these days, it’s surprising how many incidents involving the exact opposite of transparency emerge.  Enter Universal Music Group, which is now dealing with a horribly-timed outing by the New York Times Magazine — right as the mega-label’s parent, Vivendi, is trying to offload half of the label at a record valuation.

Read more: https://www.digitalmusicnews.com/2019/06/16/universal-music-group-studios-fire-2008-lawsuits/