Business

Universal Music Group Suspends All Operations in Russia

By Loudest Team
March 09, 2022
Universal Music Group Suspends All Operations in Russia
Universal Music Group, the world’s largest rightsholder, has suspended all operations in Russia and has closed its offices in the country. The move, announced Tuesday (March 8), comes as Russia’s invasion of Ukraine enters its 13th day. Over the past two weeks, over 200 multi-national companies have boycotted the Russian market in protest of its military action in Ukraine. Some of those firms include Mastercard, Visa, Apple, Ikea and Samsung. Corporations including Coca Cola an McDonalds also announced today that they will be suspending their operations in Russia. In the music and entertainment industries, Live Nation announced that it will not be doing business in/with Russia, while Netflix has pulled its service. TikTok has also scaled back its platform in the country. Additionally, today, UK collection society PRS for Music, which represents the rights of over 160,000 songwriters/composers and music publishers around the world, revealed that it has “formally suspended, with immediate effect,” its rights representation agreement with its Russia-based counterpart, the Russian Authors’ Society RAO. Spotify announced last week that it would be shutting its offices in Russia “indefinitely” but plans to keep its service “operational in Russia to allow for the global flow of information”. All three majors have also made donations to organizations focusing on the people of Ukraine. In a statement issued today (March 8), UMG said: “Effective immediately, we are suspending all operations in Russia and closing our offices there. “We urge an end to the violence in Ukraine as soon as possible. “We are adhering to international sanctions and, along with our employees and artists, have been working with groups from a range of countries (including the US, UK, Poland, Slovakia, Germany, Czech Republic and Hungary) to support humanitarian relief efforts to bring urgent aid to refugees in the region.” Universal Music Makes India Appointments, Develops Non-Film Label - Variety  

Related News

Warner Music Group Unveils Warner Music South Asia Under Jay...

Operating from Dubai, Warner Music South Asia will be led by Jay Mehta, in collaboration with Alfonso Perez Soto, the....

April 15, 2024

TuneCore Teams Up With PreSonus Studio For Seamless Music Distribution

Through its distribution services, artists can sell their on major stores and streaming platforms while retaining full ownership.

April 03, 2024

YouTube Expands 'Music AI Incubator' To Japan: Pioneering Collaboration In...

Their inaugural partner was Universal Music Group, which enlisted a steering group of artists and producers to guide the initiative's....

March 27, 2024

HYBE And Universal Music Group Strike Exclusive Deal To Amplify...

This strategic maneuver positions HYBE's current and upcoming artists to benefit from the expansive promotional reach of the world's largest....

March 27, 2024