Strong UMG stock debut marks new chapter for the music business, says MIDiA’s Mark Mulligan
Universal Music Group soared 35.68% on the day of its IPO this week adding $13 billion to its $39 billion valuation just the day before. Even rivals Sony and WMG. Continue reading
WMG, Sony stock get ‘UMG bump’ as Universal soars 36% on IPO
[UPDATED] Universal Music Group soared 35.68% on Tuesday as the new stock debuted on the Euronext Amsterdam exchange. By day’s end, UMG’s valuation had grown to more than $52 billion,. Continue reading
Universal Music stock jumps 40% as investors flock to IPO
UPDATED: Universal Music Group stock shot up almost 40% in the first hours of trading Tuesday, following its IPO. By mid-day on the Amsterdam exchange where UMG was trading, the. Continue reading
UMG has copyrighted the moon (or was it Facebook?)
Citizens of the earth have historically enjoyed unfettered access to the moon, albeit from afar, but a new copyright claim by Universal Music Group of a video (notably devoid of. Continue reading
Kanye West says Universal Def Jam released ‘Donda’ without his permission
Kanye West’s long-hyped album ‘Donda” was finally released Sunday morning, and just hours later the artist claimed that his label did so without his permission. In an Instagram post on. Continue reading
Music streaming spurs UMG revenue growth in Q2
Universal Music group recently reported that it saw a substantial increase in revenue during its second quarter, thanks in large part to an uptick in music streaming. Guest post from. Continue reading
UMG accelerates IPO as revenue grows 9.4%
French media conglomerate Vivendi’s Universal Music Group has reported revenue of $2.2 billion for the quarter of 2021, up 9.4% from the same period the previous year. Vivendi also shared. Continue reading
The Good News? The Bad News Is Wrong: Universal Invests In The Future With UMUSIC Hotels Venture
As part of a new project with Dakia U-Ventures, Universal Music Group and the hotel brand are planning to open multiple large music-focused hotels, under the name UMUSIC, which could. Continue reading
UMG Scores 9 Albums In Billboard Top 10 For 4th Time
Universal Music Group (UMG) has hit a new record todaym placing nine of the Top 10 albums in the Billboard 200 It’s only the fourth time that’s occurred in the. Continue reading
Universal Music Group Seeds $25M ‘Change Fund’
Universal Music Group’s Task Force for Meaningful Change (TFMC) has announced a $25 million UMG financed ‘Change Fund’ to support the Black community and the ongoing fight for equality and. Continue reading
