Universal Music CEO Outlines Achievements and Future Plans in Annual Memo

Lucian Grainge highlights adoption of artist-centric royalty models, Responsible AI initiative, and global expansion in 2023, with plans for further growth in 2024.

• Universal Music CEO Lucian Grainge has issued his annual memo to staff, highlighting the company's achievements in 2023 and outlining plans for 2024.
• Grainge praised the adoption of 'artist-centric' royalty models by several global platforms, which he believes will lead to a more equitable music ecosystem.
• He also highlighted the company's Responsible AI initiative, which lobbies for legislation to protect artists from AI deepfakes and unethical uses of AI technology.
• UMG has also expanded its global presence, acquiring companies in the Middle East, North Africa, Thailand, India, and China.
• Grainge's plans for 2024 include further expanding the artist-centric strategy, continuing to build opportunities for artists in AI, and growing UMG's global presence.

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