Streetbeat News

UMGNF

Universal Music Group N.V.

Open

25.55

Mkt cap

47B

Volume

650

High

25.80

P/E Ratio

28.67

52-wk high

32.24

Low

25.30

Div yield

0.02

52-wk low

22.53

Believe, a French digital music company, is facing a $500 million copyright dispute with Universal Music Group (UMG) in the U.S. Despite this, Believe's shares rose 1.6% after a delayed start to trading.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Taylor Swift is launching exclusive merchandise at Target for Black Friday, potentially boosting Target's Q4 sales. The release includes 'The Official Eras Tour Book' and 'The Tortured Poets Department: The Anthology' on CD and vinyl. Target's stock has already seen a positive movement.

Portfolio Pulse from Chris Katje

October 15, 2024 | 3:49 pm

Kendrick Lamar will perform at the Super Bowl LIX Halftime Show, potentially boosting Apple, Fox, and Universal Music. The event, broadcast by Fox, could increase viewership and ad rates. Apple's partnership with the NFL may enhance its music features, while Universal Music could benefit from Lamar's music sales.

Portfolio Pulse from Chris Katje

September 09, 2024 | 3:05 pm

The global music industry saw a 10.2% revenue increase in 2023, reaching $28.6 billion, driven by paid streaming subscriptions. Despite growth, major labels like Universal Music Group and Warner Music Group face layoffs. Challenges include AI and short-form content, with ongoing disputes over artist compensation.

Portfolio Pulse from Franca Quarneti

August 29, 2024 | 6:33 pm

Taylor Swift's album 'The Tortured Poets Department' has seen a 600% sales increase, selling 84,000 copies last week. This surge has propelled Universal Music Group's (OTC:UMGNF) album back to the top of Billboard's Top Album Sales chart. The album's success is attributed to multiple versions with exclusive content.

Portfolio Pulse from Franca Quarneti

August 19, 2024 | 7:30 pm

Warner Music Group (WMG) reported fiscal Q3 earnings with EPS of 27 cents and revenue of $1.55 billion, slightly missing estimates. Despite a 2.4% decline in recorded music revenue, music publishing sales and digital revenue saw growth. The MUSQ Global Music Industry ETF (MUSQ) gained 1.4% and is attempting to break above the $23 resistance level.

Portfolio Pulse from Joshenomoto@benzinga.com

August 07, 2024 | 6:52 pm

Bill Ackman's Pershing Square Holdings experienced a significant decline in July, erasing most of its 2024 gains. The fund's performance was impacted by a 24% drop in Universal Music Group's shares following disappointing earnings. Additionally, Ackman withdrew his IPO for a US-traded closed-end fund due to weak demand.

Portfolio Pulse from Nabaparna Bhattacharya

August 03, 2024 | 6:15 pm

Universal Music Group (UMGNF) shares dropped 23% after disappointing Q2 results, with significant declines in streaming and subscription revenue growth. The company faced challenges with social media partnerships and licensing disputes, but saw strong growth in merchandising and total revenue.

Portfolio Pulse from Franca Quarneti

July 26, 2024 | 6:30 pm

Universal Music Group (UMGNF) reported Q2 revenue of €2.93 billion, surpassing the estimated €2.88 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:53 pm

Eminem's new album 'The Death of Slim Shady' has dethroned Taylor Swift's 12-week reign, achieving his 11th No. 1 album in the US. Released through Universal Music Group's subsidiaries, the album sold 281,000 units in its first week. Despite mixed reviews, it topped charts in both the US and UK.

Portfolio Pulse from Franca Quarneti

July 22, 2024 | 7:40 pm

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