News Formal

Universal Music Group shares surge on stock market debut

  • 📰 Reuters
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Universal Music Group's shares surged at the start of trading on Tuesday, as owner Vivendi spun off the record label in the biggest European listing of the year.

The business behind singers such as Lady Gaga and Taylor Swift is betting that a boom in streaming that has fuelled revenues and profits still has a long way to run, in an industry it dominates along with WarnerUniversal, whose other hit singers include Justin Bieber and Taylor Swift, hopes to build on deals with ad-supported sites such as TikTok and YouTube as well as streaming services such as Spotify.

Part of its business derives from the rights attached to its hefty catalog, and it also collects royalties for the artists it represents across social media platforms and in far-flung places. The COVID-19 pandemic hit live concerts and Universal's merchandising business, but ad-supported revenues have picked up after a blip.

Its flotation carries high stakes for Canal+ owner Vivendi, which hopes in the longer run to rid itself of a conglomerate discount which it believes has weighed on its shares.Our Standards:Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 2. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Universal Music valued around $39 billion ahead of stock market debutUniversal Music Group, the business behind singers such as Lady Gaga, Taylor Swift and The Weeknd, is valued at around 33.5 billion euros ($39.30 billion) ahead of the record label's stock market debut in Amsterdam on Tuesday.
ソース: Reuters - 🏆 2. / 97 続きを読む »