Exploration Audio Newsletter - August 13, 2021

US Senators Richard Blumenthal, Marsha Blackburn and Amy Klobuchar have proposed the Open App Markets Act to regulate the Apple and Google app stores. If passed, the new laws would ban Apple from obliging app-makers to use its proprietary payment system and App Store.

Vivendi recently sold 7.1% of its company Universal Music Group (UMG) to Bill Ackman’s investment firm, Pershing Square Holdings, for $2.8 billion. The deal values UMG at 35 billion Euros, or around $41 billion.

Major labels Sony Music, Universal Music, and Warner Music have filed a second lawsuit against Charter Communications, alleging that the company has allowed thousands of its subscribers to infringe copyright during the period July 26, 2018 to present. The first lawsuit was filed against Charter in March 2019.

Ever been curious about what exactly happens behind the scenes of the music industry? Our latest episode featuring Aaron Davis, CEO & co-founder of Exploration, takes a deep dive into key operations that go into running a music company. Watch below and feel free to reach out anytime if you have any questions!

 

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#Apple #GoogleApp #Vivendi #PershingSquare #Majors #CharterCommunications #MusicIndustryNews #ExplorationWeekly