Vivendi, which is led by billionaire Vincent Bollore, said shareholders would be granted an “exceptional distribution” of Universal shares, which it then plans to list on the Euronext exchange in Amsterdam. Universal Music tunes up for stock market listing Today we announced Vivendi’s intention to examine the distribution of 60% of the Universal Music Group share capital and its subsequent listing before end 2021. The Telegraph values your comments but kindly requests all posts are on topic, constructive and respectful. The recording giant behind Taylor Swift, Bruce Springsteen and ABBA is being dressed up for a stock market listing in two years. cityam.com - Vivendi is planning to list Universal Music Group and distribute 60 per cent of its capital to investors by the end of the year as it looks to cash … Vivendi plots €30bn stock market listing for Universal Music Group - Flipboard The float would leave Universal, which is the world’s biggest music company and is home to stars including Taylor Swift and Lady Gaga, as an independent company, with Vivendi holding a 20 per cent stake. Tags Market News M&A TCEHY. Universal Music Group could float in 2022 under plans being drawn up by its French owner Vivendi. Read more: Gimme belters: Music rights firm Round Hill snaps up Rolling Stones and Beatles tracks. Find out more, Taylor Swift is among the artists on Universal's books, Deloitte 'diversity and inclusion' chief Dimple Agarwal resigns over bullying allegations, M&S Bank pulls plug on current accounts and in-store branches, Mike Ashley's Frasers threatens to close stores after 'worthless' Budget help, Aggreko agrees £2.3bn private equity takeover, Budget 2021 summary: key changes and highlights at a glance. Save. Jump to navigation. Recent news which mentions Universal Music Group. Read more: Striking a chord: How music rights firms serenaded the stock market. Michele Anthony. Universal’s revenues were also up 4pc to €5.3bn in the first nine months of the year, with subscription and streaming sales climbing 16pc. Universal was handed a boost from a string of best-selling releases over the period from Justin Bieber, The Weeknd and King & Prince. Vivendi Universal VIV, +17.85% shares opened 22% higher in Paris after it said it would distribute 60% of subsidiary Universal Music Group's share capital to shareholders and list the music … Vivendi is planning to list Universal Music Group and distribute 60 per cent of its capital to investors by the end of the year as it looks to cash in on the rising value of music assets. Media. : Get the latest Universal Music stock price and detailed information including news, historical charts and realtime prices. Vivendi also said it will propose a dividend of €0.60 per share for 2020 at a shareholder meeting scheduled for June. “Vivendi’s leading institutional shareholders have been pressing for a number of years for a split or the distribution of Universal Music Group (UMG) to reduce Vivendi’s conglomerate discount,” the company said in a statement. WARNER MUSIC GROUP FILES REGISTRATION STATEMENT FOR AN INITIAL PUBLIC OFFERING. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future. Warner Music Group WMG, +5.47% made its own stock market debut on Nasdaq in June last year, raising $1.9 billion, to give the company a market valuation of … The International Securities Identification Number (ISIN) of Vivendi is FR0000127771. That helped to offset sluggish sales at Havas, which came under pressure from the pandemic-induced fall in advertising. Universal Music Group has a 40% share—and growing—of the U ... which has a stock-market value of roughly ... And Universal’s market share for current music is nearly double that of No. Universal Music Group co-developed Vevo, a site designed for music videos inspired by Hulu.com, which similarly allows free ad-supported streaming of videos and other music content.. On May 24, 2018, Vevo announced that it would no longer continue distributing videos to Vevo.com, instead opting to primarily focus on YouTube syndication. Pre-sales of Taylor Swift album approach the million mark. SEOUL, Feb. 17, 2021 /PRNewswire/ -- Big Hit Entertainment (Big Hit) and Universal Music Group (UMG) today announced an expanded strategic partnership that … August 21, ... Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. The planned listing marks Vivendi’s efforts to cash in on the rising value of music assets as the rise of streaming services such as Spotify has helped to revive the industry. We own and operate a broad array of businesses in more than 60 countries. The Universal Music Group brand, founded in 1934 (France), has more than 799 sister brands and more than 1 011 competing brands. How to kick off the New Year the right way, Universal Music buys rights to more than 600 Bob Dylan songs, Gimme belters: Music rights firm Round Hill snaps up Rolling Stones and Beatles tracks, Striking a chord: How music rights firms serenaded the stock market. NEW YORK, New York, February 6, 2020—Warner Music Group Corp. (“Warner Music Group”) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) for a proposed initial public offering (“IPO”) of its common stock. Latest News about Universal Music Group. Vivendi also plans to sell “additional minority interests” in Universal ahead of the stock market listing. Vivendi detailed the timetable for Universal Music Group’s stock-market debut – and multibillion-dollar windfall – in its Q3 2020 earnings report, which was published today. The plans have received a favourable response from Chinese tech giant Tencent, which also controls 20 per cent of Universal after increasing its stake last month. Universal Music Group has been earmarked to float after French owner Vivendi offloaded a 10pc stake in March to a consortium led by China’s Tencent. Universal Music Group could float in 2022 under plans being drawn up by its French owner Vivendi. Universal Music Group, Inc. provides recorded music, music publishing, and merchandising services. Michele Anthony is Executive Vice President of Universal Music Group, where her responsibilities include helping manage UMG’s U.S. labels and overseeing Universal Music Canada, the global catalog division Universal Music Enterprises, as well as the company’s global brand partnerships. The sale valued Universal - the world’s biggest recorded music group - at €30bn (£27bn) and included an option for the consortium to buy a further 10pc of the business by January 2021. From Benzinga. About Universal Music Group Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries. Universal Media Group Inc (UMGP) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Read more: Universal Music buys rights to more than 600 Bob Dylan songs. Universal Music Group Add to myFT. Universal Music Group ... music increasingly has become a bull market: ... UMG competitor Warner Music Group announced that it filed for a proposed initial public offering of its common stock. Search music tracks, create playlists, music to license for your projects or content . In October 2020, the company was listed on the KOSPI Market of Korea Exchange (KRX). In 2019, record label Universal Music Group generated 7.16 billion euros in revenue, up from 6.02 billion in the previous year. Vivendi, which also owns French broadcaster Canal+ and advertising group Havas, took control of Universal Music in 2006. The leading U.S. music company also is the market leader in three-quarters of the int… The Universal Music Group brand is owned by Vivendi , a company listed in Paris. Universal Music Group (UMG) is the largest music company in the world. Rival Warner Music Group last year raised $1.9bn through an initial public offering in the US and has seen its market capitalisation rise to more than $19bn. The Universal Music Publishing Group brand, founded in 1934 (United States), has more than 799 sister brands and more than 1 011 competing brands. Universal Music Publishing Group 's notoriety arose from exemplary management which optimizes product quality and client satisfaction, which in turn generate financial performance, and therefore, stock performance. UMG develops, manufactures, markets, sells, and distributes the full spectrum of recorded music in 63 countries worldwide through its numerous subsidiaries, joint ventures, and licensees that represent a dominating 98 percent of the world's music market. Please review our, You need to be a subscriber to join the conversation. Through its subsidiaries, UMG also engages in music publishing and mail order music/video clubs. ... World’s largest record label seeks to capitalise on frothy stock market. A float for Universal would also end speculation over Bollore’s plans for the music major after previously ruling out a listing in 2018. We rely on advertising to help fund our award-winning journalism. Monday, 21 December, 2020. Universal Music Group is the world’s leading music company. This plan is the result of the joint efforts in recent years by the Vivendi and the Universal Music Group, under the leadership of Sir Lucian Grainge, to further the company’s position as the music industry’s undisputed leader. Vevo. We use cookies to ensure that we give you the best experience on our website. Universal owns a tranche of record labels spanning Island Records, Polydor and Capitol. French media giant Vivendi has announced plans to float Universal Music Group on the stock market. The update came as Vivendi said sales rose 1.3pc to €4bn in three months to September compared to last year, driven by 3pc and 7pc growth at Universal and Canal+ respectively. The French media group today said it has set a minimum target of €30bn (£26bn) for the listing, which is subject to shareholder approval. Follow us for breaking news and latest updates: This field is for validation purposes and should be left unchanged. Universal Music Group’s much-anticipated IPO is potentially less than 12 months away, and Chinese conglomerate Tencent officially has a 20 percent interest in the Viviendi-owned company. Vivendi plots €30bn stock market listing for Universal Music Group James Warrington Universal Music is home to some of the world's biggest pop … Universal Production Music music catalog crafted for video and media use. Universal Music IPO Has One Off-Beat Note Record label will be spun out of Vivendi by end of year—positive news for investors, with possible exception of Amsterdam listing Find the latest UNIVERSAL MEDIA GROUP INC (UMGP) stock quote, history, news and other vital information to help you with your stock trading and investing.
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