Tag: universal music
Will UMG’s IPO be a rising tide that floats other music boats?
Were Goldman Sachs' music industry analysts celebrating last night? They should have been, having predicted in April that Universal Music Group could be worth $53bn.
September 22, 2021
Universal Music goes public and soars beyond initial valuation of $39bn
The question of how much Universal Music Group is worth has been a hot topic in recent years. Escalating estimates from Goldman Sachs, for example, which valued UMG at $23.3bn in 2017, rising to $53bn in April 2021. Or,...
September 21, 2021
UMG prospectus reveals more details on its revenues breakdown
Universal Music Group is preparing for its public listing, and that means a 306-page prospectus for investors, journalists and the wider music industry to pore over.
September 15, 2021
Universal Music expects revenue growth to accelerate in 2021
As Universal Music Group prepares for its public listing next month, the company has been talking to analysts about its plans and anticipated growth.
August 26, 2021
UMG strikes deal with children’s entertainment firm Moonbug
Universal Music will be handling worldwide distribution, publishing and licensing for the Moonbug Music label, which it says is already doing 150m streams a month.
August 20, 2021
UMG steps up its China ambitions with frontline label launches
UMG is launching Republic Records China as a frontline label, and relaunching EMI China, PolyGram Records China and Universal Music China to sit alongside it.
August 16, 2021
Hipgnosis’s Christine McVie deal exposes publishing tensions
Is Hipgnosis ruffling the feathers of the industry’s biggest publishers, or are they simply keen to ensure people understand the intricacies of shared rights ownership?
August 13, 2021
Pershing Square buys initial 7.1% stake in UMG for $2.8bn
Pershing Square Holdings and some of its affiliate companies have acquired what it described as an "initial stake" in UMG.
August 11, 2021
UMG’s recorded music revenues have grown 29.7% year-on-year
Universal Music’s parent company Vivendi has published its latest financial results, including figures for UMG’s last full quarter before it goes public.
July 29, 2021
UMG strikes licensing deal with short-video app Lomotif
Short-video app Lomotif has been under the radar for many people in the music industry, but has now signed a licensing deal with Universal Music Group.
July 26, 2021
Pershing Square Tontine Holdings withdraws from plan to buy 10% of UMG
Last month, Vivendi agreed to sell 10% of Universal Music Group to a 'special purpose acquisition company' [Spac] called Pershing Square Tontine Holdings [PSTH], with the deal expected to close by 15 September. Now there's...
July 19, 2021
Universal Music’s Booba deal includes new African rap label
Universal Music Group’s expansion in Africa continues, with its latest artist deal including the launch of a new label that will be signing more African musicians. The artist is Booba, the Senegalese-French rapper whose...
July 14, 2021