Category archives: Vivendi

The major labels will generate over $14bn in 2019, as Warner bucks trend of streaming slowdown (just)

Some very impressive news for Universal, Sony and Warner… and a warning sign?
The post The major labels will generate over $14bn in 2019, as Warner bucks trend of streaming slowdown (just) appeared first on Music Business Worldwide.

Vivendi: After Tencent bid, others have ‘expressed interest’ in buying Universal Music Group stake

“[There is] continuing process for the potential sale of an additional minority stake in UMG to other partners. Some have already expressed an interest in investing at a similar price level.”
The post Vivendi: After Tencent bid, others have ‘expr…

Sir Lucian Grainge: Sale of 10% of Universal to Tencent an ‘exciting development’

“This is an exciting development for both Vivendi and UMG and affirms once again just how much our strategy and hard work are succeeding.”
The post Sir Lucian Grainge: Sale of 10% of Universal to Tencent an ‘exciting development’ appeared f…

Vivendi appoints banks to help it sell up to 50% of Universal Music Group

‘Several contacts have already been established with potential strategic partners,’ says company
The post Vivendi appoints banks to help it sell up to 50% of Universal Music Group appeared first on Music Business Worldwide.

Universal now generating over $10m a day from streaming, as it posts record half-year results

Streaming made up 60.4% of Universal’s recorded music revenues in the first half of 2019
The post Universal now generating over $10m a day from streaming, as it posts record half-year results appeared first on Music Business Worldwide.

Vivendi to appoint banks for Universal stake sell-off on Thursday – report

Vivendi is officially looking to sell off 50% of UMG
The post Vivendi to appoint banks for Universal stake sell-off on Thursday – report appeared first on Music Business Worldwide.

The Universal Music fire may be ‘heartbreaking’ – but don’t expect much impact on the music biz story of the year

“It is not clear to us that the fire in the LA storage facility should have any impact on either the valuation of UMG or the sale process.”
The post The Universal Music fire may be ‘heartbreaking’ – but don’t expect much impact on the…

Vivendi ‘very confident’ it will ignite Universal Music Group sale process by end of the year

‘UMG is doing very well. The question is how to find the right partner, up to 50%. But everything’s fine – trust me!’
The post Vivendi ‘very confident’ it will ignite Universal Music Group sale process by end of the year appeared first on M…

Thanks to Streaming, Universal Music Group’s Q1 2019 Revenue Jumps 19.2% to $1.7 Billion

Vivendi has just revealed it may sell up to half of Universal Music Group to one or more partners. Ahead of its upcoming sale of up to 50% Universal Music Group (UMG), parent company Vivendi has posted strong financials for the first quarter of 2019. T…