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Universal Music Group shed around $15 billion off its value on Thursday after the world's biggest music label reported lower-than-expected streaming and subscription revenue for the second quarter.
Universal Music Group has strong growth potential, driven by secular tailwinds in the music industry. Recent financial results show solid growth momentum. UMGNF's competitive advantages, including scale and distribution, position it well for long-term success in the industry.
Universal Music Group , the label representing Taylor Swift, BTS and Drake, on Wednesday recorded higher than expected second quarter sales, driven by growth across all segments.
On today's segment of Good Buy or Goodbye, host Julie Hyman is joined by BD8 Capital Partners CEO and CIO Barbara Doran to discuss her top stock pick within the music industry. Doran recommends Universal Music Group (UMG.AS) as a stock to buy.
Universal Music Group (EURONEXT:UMG), Sony Music and Warner Records have sued artificial intelligence-power music generation startups for infringing copyright of various recording artists. The Recording Industry Association of America said overnight that two lawsuits had been filed against AI companies Suno and Udio for copying and exploiting recorded music without permission.
HILVERSUM, The Netherlands , May 16, 2024 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today announced the results of its Annual General Meeting of Shareholders ("AGM") held earlier today.
Universal Music Group (EURONEXT:UMG) (UMG) is facing potential shareholder backlash at its upcoming AGM, prompted by advisory firm Glass Lewis's recommendation to reject a £119 million payout for CEO Lucian Grainge. The payout includes a £79 million share-based bonus, intended to compensate for a salary reduction and loss in share value following UMG's spin-off from Vivendi in 2021.
Universal Music Group on Thursday posted first-quarter adjusted core profit that beat expectations, helped by the success of its star Taylor Swift.
Universal and TikTok said they were working "expeditiously" to return music by the label's artists to TikTok.
Artists from Universal Music Group, which include Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute.