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   Rasmus Fleischer (rasmusfleischer@tldr.nettime.org)'s status on Monday, 05-May-2025 23:42:23 JST Rasmus Fleischer

   So apparently NTS Radio has secured some kind of loan with Universal, which is already a minority owner. So even if Universal does not currently control NTS, it might be a matter of time. That's truly sad, given the current importance of #NTS as a global, independent music institution.
   https://networknotes.motiveunknown.com/p/exclusive-universal-tightens-its

   https://www.reddit.com/r/NTSradio/comments/1kf6h9e/nts_radio_pledges_all_of_its_assets_as_collateral/

   • Embed this notice
     Kristoffer Patrick Cornils (konkrit@mastodon.social)'s status on Monday, 05-May-2025 23:52:20 JST Kristoffer Patrick Cornils

     in reply to

     @rasmusfleischer i still find it somewhat puzzling that UMG would buy shares of / give loans to NTS, do you have any clue what the strategic aim might be there? sure, grainge and his goons are buying up indie distros left and right, and electronic music is booming, but i can't imagine that this is a financially profitable investment for UMG!?

   • Embed this notice
     Rasmus Fleischer (rasmusfleischer@tldr.nettime.org)'s status on Monday, 05-May-2025 23:52:20 JST Rasmus Fleischer

     in reply to

     • Kristoffer Patrick Cornils

     @konkrit I'm not really sure, but I guess there could be a variety of different scenarios where they could softly and gradually transform NTS until they could make a profit (not necessarily on the pure basis of music rights). Would love to hear some more qualified speculations!