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

Music labels Sony, Universal Music Group (UMG), and Warner Records have filed a lawsuit against AI company Suno for copyright infringement, according to a U.S. court filing.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 3:17 pm

Taylor Swift and TikTok have expanded their collaboration with a new interactive fan experience celebrating Swift's The Eras Tour. This initiative includes themed playlists, challenges, and exclusive artwork, showcasing high fan engagement. The partnership follows a resolved licensing dispute with Universal Music Group (UMGNF).

Portfolio Pulse from Franca Quarneti

June 20, 2024 | 5:10 pm

Sony Group Corp. (NYSE:SONY) is set to acquire Queen's music catalog for over $1 billion, securing recording and publishing rights, including royalties from Disney Music Group and Universal Music Group NV (OTC:UMGNF). The deal will make Sony the global distributor and owner of all Queen content by 2026 or 2027.

Portfolio Pulse from Franca Quarneti

June 20, 2024 | 2:24 pm

Sony Group Corp's Sony Music Group has warned AI companies and music streaming services against using its content for AI training without explicit authorization. This move aims to protect intellectual property and ensure rightful compensation for artists. Universal Music Group and Warner Music Group have also taken similar stances.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 6:18 pm

Universal Music Group NV (UMGNF) and TikTok have entered into a new licensing agreement, aiming to enhance benefits for Universal's artists, songwriters, and labels through TikTok's global platform. The partnership focuses on improved remuneration, promotional opportunities, and AI protections for Universal's music catalog. This strategic collaboration is designed to leverage TikTok's technology and e-commerce capabilities for monetization, while also addressing unauthorized AI-generated music.

Portfolio Pulse from Shivani Kumaresan

May 02, 2024 | 3:34 pm

Latin music revenue in the U.S. reached a new high of $1.4 billion in 2023, a 16% increase from the previous year, with significant contributions from streaming platforms and artists like Karol G and Peso Pluma. Alphabet Inc's YouTube and Universal Music Group's Vevo were highlighted as key platforms in this growth.

Portfolio Pulse from Franca Quarneti

April 23, 2024 | 10:23 pm

Taylor Swift's new album 'The Tortured Poets Department' (TTPD) has achieved record-breaking sales and streaming numbers. It sold 1.6 million units in the U.S. on its first day, including 600,000 vinyl copies. On Spotify (SPOT), TTPD garnered over 300 million streams globally on its debut day, marking the platform's biggest debut ever. Despite ongoing tensions over royalty payments, Swift has also partnered with TikTok, leveraging its vast user base to promote TTPD. Industry experts anticipate the album to surpass 2 million units in its first week, a feat only matched by Adele's '25' and NSYNC's 'No Strings Attached' since 1991.

Portfolio Pulse from Franca Quarneti

April 22, 2024 | 5:50 pm

Taylor Swift's latest album, 'The Tortured Poets Department,' collaborates with TikTok, owned by ByteDance, featuring exclusive content for fans. This partnership marks a significant move after a previous dispute with Universal Music Group NV (UMGNF) kept Swift's music off the platform. The TikTok experience includes curated playlists, interactive challenges, and unlockable artwork. Additionally, the collaboration promotes TikTok's 'Add to Music App' feature, enhancing accessibility to the album on platforms like Spotify Technology SA (SPOT) and Apple Music. The album has become the most pre-saved on Spotify, indicating high engagement and potential listener retention.

Portfolio Pulse from Franca Quarneti

April 19, 2024 | 6:47 pm

Sony Music CEO Rob Stringer discussed the potential of pulling Sony Music's content from TikTok, similar to Universal Music Group's action, emphasizing the need for fair profit sharing and artist compensation in the era of AI and digital platforms. He highlighted past decisions to protect artists' interests and advocated for innovation and originality in AI music creation.

Portfolio Pulse from Franca Quarneti

April 02, 2024 | 7:15 pm

Spotify Technology SA (NYSE:SPOT) shares rose after announcing an expansion with Universal Music Group (OTC:UMGNF) for promotional and social tools for UMG artists and a new agreement with Universal Music Publishing Group to distribute music videos in the US. KeyBanc Capital Markets analyst Justin Patterson reiterated an Overweight rating on Spotify with a $300 price forecast, citing encouraging app download and Google Search query trends, and a potential for at least 77 million MAUs and 25 million Premium Subscribers. Patterson also highlighted the potential for mid- to high-teens growth profile with improving operating margins for Spotify.

Portfolio Pulse from Nabaparna Bhattacharya

March 28, 2024 | 6:50 pm

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