According to ‘financial bible’ Forbes, in an article headlined ‘Universal CEO Lucian Grainge’s Coronavirus Diagnosis Shakes Suddenly Imperilled Music Business’, “ News of Grainge’s diagnosis has put a human face to the peril in which the music business suddenly finds itself, in terms of both immediate personal safety and macro trends. In fact, he’s about to get his ass fired. And for those who think his customer count is optimistic, Geiger pointed to such platforms as Baidu (531 million users), Facebook (1.23 billion members), and Google (6 billion searches a day). “It’s great to see the industry growing and I’m proud that UMG is at the center of that growth,” he said. On March 2, IFPI, the global organisation that represents the recorded-music industry, published its annual Top 10 Global Recording Artistes for 2019 and eight of the 10 were UMG artistes. Grainge wasn't just being audacious by inserting into the deal what is known in merger and acquisition parlance as a "hell-or-high-water clause." According to ‘financial bible’ Forbes, in an article headlined ‘Universal CEO Lucian Grainge’s Coronavirus Diagnosis Shakes Suddenly Imperilled Music Business’, “ News of Grainge’s diagnosis has put a human face to the peril in which the music business suddenly finds itself, in terms of both immediate personal safety and macro trends.”. LUCIAN GRAINGE, 55. Here is the press release from Universal Music Publishing. Independent record labels, consumers, even rival major record labels Sony Music and Warner Music were against the deal. Citigroup, which took over EMI from previous owner Terra Firma Capital Partners after it defaulted on debt the bank held, had reservations as well. Our authors will teach you which items to build, runes to select, tips and tricks for how to how to play Lucian, and of course, win the game! The music industry's hopes that digital sales would eventually make up for the decline in CD sales is clearly not going to happen either, with domestic digital sales last year experiencing a 5.7% decline, the first drop since Apple's iTunes came on the scene in 2003. Lucian Build Guide for League of Legends. The IFPI Global Recording Artiste of the Year Award and top 10 chart is embraced by industry leaders as the only ranking to accurately measure consumption across all formats (including streaming channels, digital and physical album and singles sales) and all countries. He is a well-known music industry executive and record producer. Ricardo DeAratanha/Los Angeles Times / MCT. A lot had to fall into place, obviously, before Grainge could secure for Universal a deal that in some markets took its share to more than 50%. Sir Lucian Grainge, UMG. Lucian Grainge, chairman and CEO of Universal Music Group. Beating its chest as “the world leader in music-based entertainment”, information on their website states that UMG had more artistes in the International Federation of the Phonographic Industry’s (IFPI) top 10 global artistes of the year in 2019 than any record company since the IFPI started tracking these figures in 2013. All Rights Reserved. Insiders are officers, directors, or significant investors in a company. Lucian Grainge could single-handedly end a lot of people’s careers, but even Lucian could be forced out. Grainge, his Wikipedia bio states, was born on February 29, 1960. By Rupert Steiner for the Daily Mail. Karp, in a personal letter to Billboard members on Monday, noted that “our thoughts are with him, his family and his UMG colleagues this week, as they are with countless musicians and the touring professionals who are facing the dire prospect of a month or more without income as concerts grind to a halt across the globe”. Lucian Grainge Net Worth is $20 Million Mini Biography. After all, global music sales have fallen from their peak of $27.3 billion in 1999 to just $15 billion in 2013, a decline of more than 40%. When we featured West on the cover of Forbes last summer, delving into his incredible success with Yeezy, he seemed pleased at first. Clive is perhaps best known as the former president of “Columbia… Clive Davis was born in 1932, in New York. Also, in 2019, for the first time in more than a decade, UMG led all of the world’s top five music markets, namely, the United States, Japan, UK, Germany and France. Even Wall Street analysts historically dour about the music industry are coming around to this point of view — no less than Goldman Sachs came out with a research note Monday on Universal's parent company, Vivendi, titled, "Here comes the sun: Streaming drives music industry growth.". 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