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Universal Music

Universal Music Group shares drop 30% as streaming growth disappoints

"The speed and quantum of the slowdown in subscription revenues caught the company and analysts by surprise," JPMorgan analysts said in a note

Universal Music Group shares drop 30% as streaming growth disappoints
Updated On : 25 Jul 2024 | 11:06 PM IST

Universal Music beats earnings forecasts after blockbuster Swift tour

The commercial success of Swift has boosted the group's earnings through royalties from streaming, album sales and concert tickets

Universal Music beats earnings forecasts after blockbuster Swift tour
Updated On : 03 May 2024 | 12:11 AM IST

Universal Music songs to be removed from TikTok as license renewal fails

Tiktok, in a statement to Reuters, referred to UMG's narrative as "false" and said UMG's actions were not in the best interests of artists, songwriters and fans

Universal Music songs to be removed from TikTok as license renewal fails
Updated On : 31 Jan 2024 | 10:03 AM IST

Universal Music Group's shares surge on stock market debut

Universal Music Group's shares surged at the start of trading on Tuesday, as the company behind singers such as Lady Gaga and Taylor Swift made its stock market debut

Universal Music Group's shares surge on stock market debut
Updated On : 21 Sep 2021 | 12:56 PM IST

Bill Ackman abandons Universal Music SPAC deal after SEC backlash

The original deal would have valued the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($41.3 billion) including debt.

Bill Ackman abandons Universal Music SPAC deal after SEC backlash
Updated On : 19 Jul 2021 | 10:27 PM IST

Pandemic has broken film music's hold over biz: Universal's Devraj Sanyal

Till the pandemic struck in March 2020, film music was over 70 per cent of the market. The restrictions around Covid meant that not many new films or music were released

Pandemic has broken film music's hold over biz: Universal's Devraj Sanyal
Updated On : 10 Jul 2021 | 2:05 AM IST

Pershing Square SPAC nearing $40-bn deal with Universal Music Group: Report

A deal of that size, if completed successfully, would mark the biggest-ever merger involving a so-called special purpose acquisition company

Pershing Square SPAC nearing $40-bn deal with Universal Music Group: Report
Updated On : 04 Jun 2021 | 7:28 AM IST

UMG value $36.8 billion after Tencent Holdings buys further 10% stake

The purchase will bring Tencent's holding in the music group to 20 per cent following a deal last year for a stake at the same valuation

UMG value $36.8 billion after Tencent Holdings buys further 10% stake
Updated On : 19 Dec 2020 | 1:52 AM IST

Universal Music picks up Bob Dylan's catalogue in blockbuster deal

The price was not disclosed, but is estimated at more than $300 million

Universal Music picks up Bob Dylan's catalogue in blockbuster deal
Updated On : 08 Dec 2020 | 1:22 AM IST

The universal language

The ubiquity of the Internet on computers and mobile phones has made cross-cultural consumption substantially easy

The universal language
Updated On : 28 Dec 2019 | 3:29 AM IST

Universal Music ramps up merchandise biz

The products, will be available under the global music merchandise label Bravado

Universal Music ramps up merchandise biz
Updated On : 15 Apr 2016 | 7:05 AM IST