Universal Music Group suspends all activities in Russia

Universal Music GroupThe world’s largest copyright holder, has suspended all operations in Russia and closed its office in the country.

The move, announced Tuesday, comes as Russia’s invasion of Ukraine enters its 13th day.

Over the past two weeks, more than 200 multinational companies have boycotted the Russian market to protest their military actions in Ukraine.

Some of those companies include Mastercard, Visa, AppleIKEA and Samsung.

Corporations including Coca Cola and McDonalds also announced today they will suspend operations in Russia.

In the music and entertainment industry, Living country announced that it will not do business in/with Russia, while Netflix Yes pull its service.

TikTok also has shrink its background in the country.

Also, today, the UK collectors’ association PRS for Music, representing the rights of more than 160,000 musicians/composers and Music publishers around the world, disclosure that it has been “officially suspended, effective immediately,” its rights representation agreement with its Russia-based partner, the Russian Authors Association RAO.

Spotify announced last week that it would close its offices in Russia “indefinitely” but plans to keep its service “operating in Russia to enable the global flow of information”.

All three majors also have donations for organizations focused on the Ukrainian people.

“We call for an end to the violence in Ukraine as soon as possible.”

Universal Music Group

In a statement released today (March 8), UMG said: “Effective immediately, we are suspending all operations in Russia and closing our offices there.

“We call for an end to the violence in Ukraine as soon as possible.

“We are complying with international sanctions and, along with our employees and artists, have worked with teams from many countries (including USA, UK, Poland, Slovakia, Germany, Republic of Czech Republic and Hungary) to support humanitarian efforts to deliver emergency aid to refugees in the region. ”Worldwide music business

https://www.musicbusinessworldwide.com/universal-music-group-suspends-operations-in-russia123/ Universal Music Group suspends all activities in Russia

Fry Electronics Team

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