Investment bank BNP Paribas has carried out a detailed examination of the prospects for Universal Music Group (UMG). The bank has upgraded UMG to ‘Neutral’ as far as its investment advice is concerned and has given a Target Price for its shares of €23 (currently trading at about €24.70). Its results are due on October […]
Universal Music Group (UMG) has suffered a double downgrade from investment bank Exane/BNPP. The bank’s new rating is ‘Underperform’ (from ‘Outperform’) and comes with a target share price that reduced by 24 per cent. “Following an LA field trip and underpinned by new data products, we see reasons for caution. We expect top-line growth to […]
Producer, record executive and entertainment impresario Simon Cowell and talent discovery formats specialist Syco Entertainment, along with international entertainment executive Tim Van Rongen, have partnered with Universal Music Group and its Republic Records label to create StemDrop. The service is described as a new evolution of musical collaboration, curation and artist discovery to be launched […]
Music-based entertainment Universal Music Group (UMG) and short-form video app TikTok have revealed a global agreement that they say delivers equitable compensation for recording artists and songwriters and significantly expands and enhances the companies’ existing relationship, promoting the development of new innovative experiences and the ability to forge deeper bonds between fans and the artists […]