The biggest stories of the past five days – and why they matter
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Category archives: Vivendi
Vivendi sells additional 2.9% of Universal Music Group to Pershing Square for $1.15bn
Pershing Square will now own 10% of UMG’s share capital
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Vivendi denies any wrongdoing as CEO Arnaud De Puyfontaine and Vincent Bolloré indicted in Italy over alleged market manipulation
Universal Music Group parent issues statement
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Universal’s stake in Spotify is worth over $1.6bn… but it’s got no plans to sell up
Vivendi’s CEO and CFO state that they have “no intention” of selling UMG’s shareholding in streaming giant
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Universal’s streaming revenues topped $1bn in Q1, with total recorded music up 13.1%
Japan’s King & Prince were company’s biggest sellers in quarter
The post Universal’s streaming revenues topped $1bn in Q1, with total recorded music up 13.1% appeared first on Music Business Worldwide.
Done deal: Tencent-led consortium completes $3.4bn acquisition of 10% of Universal Music Group
“Vivendi is very happy with the arrival of the Tencent-led consortium. It will enable UMG to further develop in the Asian market.”
The post Done deal: Tencent-led consortium completes $3.4bn acquisition of 10% of Universal Music Group appeared first on…
Coronavirus panic just wiped nearly $5bn off the combined value of Vivendi, Spotify and Live Nation… in a day
MBW monitors how ‘Black Monday’ has hammered music stocks around the world
The post Coronavirus panic just wiped nearly $5bn off the combined value of Vivendi, Spotify and Live Nation… in a day appeared first on Music Business Worldwide.
Universal claims 80%-plus share of 2019’s Top 10 biggest global artists… led by Taylor Swift
Major has signed and/or distributes eight of this year’s biggest acts (and also works with BTS)
The post Universal claims 80%-plus share of 2019’s Top 10 biggest global artists… led by Taylor Swift appeared first on Music Business Worldwide.
Universal is now an $8bn-a-year company, as streaming revenues surge 21.5% in record 2019
Company now generates more than $11m every day from streaming
The post Universal is now an $8bn-a-year company, as streaming revenues surge 21.5% in record 2019 appeared first on Music Business Worldwide.
Official: Universal Music Group to sell 10% stake, worth over $3bn, to Tencent-led Consortium
“Tencent and the Consortium members are excited to support UMG’s growth through this investment.”
The post Official: Universal Music Group to sell 10% stake, worth over $3bn, to Tencent-led Consortium appeared first on Music Business Worldwide.