Universal Music Group to go public with Amsterdam listing

The London Stock Exchange may be the listing venue of choice for companies like Hipgnosis and Round Hill Music, but Universal Music Group will be going public on a different European exchange – later this year. Parent company Vivendi confirmed its plans to spin off UMG on the Euronext exchange in Amsterdam, in an announcement that came […]

Universal Music Group could now go public by the end of 2021

A consortium led by Chinese tech giant Tencent has completed its deal to buy another 10% stake in Universal Music Group, valuing the major label at €30bn overall. The consortium now owns 20% of UMG, with majority owner Vivendi saying that the expanded stake “will notably enable UMG to further develop its activities in Asia”. Vivendi’s announcement […]

Vivendi survey examines post-lockdown entertainment plans

Vivendi’s Brand Marketing division has been talking about its latest study: a survey of more than 7,200 people about their entertainment habits during the Covid-19 lockdown – and their plans once it eases. There’s another encouraging data point about digital subscription services (including, but not exclusively, music): according to Pollstar, 60% said they used more paid […]

Tencent finally seals the deal for 10% stake in Universal Music

On the very last day of 2019, Tencent Holdings (heading up a consortium of investors) signed an agreement to acquire 10% of Universal Music Group. Now, in a neat bit of quarterly timing, that deal went through on the very last day of the first quarter of 2020. As previously announced, the deal valued Universal Music Group […]

Streaming still paying off for UMG with 18.6% revenue growth

Stop us if you’ve heard this one before: streaming is paying off rather well for the world’s largest music company. Universal Music’s revenues grew by 18.6% year-on-year for the first half of 2019, according to yesterday’s financial results from its parent company Vivendi. The company’s revenues were €3.26bn (around $3.68bn), with UMG’s recorded-music revenues growing […]

Indies prepare for battle over Vivendi’s UMG sell-off plans

Vivendi appears to be paving the way for its planned sell-off of up to 50% of Universal Music Group to happen in 2020 rather than this year. That’s the gist, at least, of comments made by chairman Yannick Bolloré in an interview with Bloomberg (and reported on by Billboard) maintaining that the plans are proceeding smoothly. […]

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