The Business Times

Universal Music

Companies & Markets

Universal Music Group files confidentially for US listing

The world’s largest music company will not receive any proceeds from the sale

Spotify has been expanding in recent years to include audiobooks, podcasts and other offerings besides its core music catalogue.
Companies & Markets

Universal Music, Spotify reach new multiyear distribution deal

UNIVERSAL Music Group and Spotify Technology reached a new multiyear distribution agreement that includes compensation for recorded songs and publishing rights.

The company is targeting revenue growth of more than 7 per cent at a compounded rate through 2028 driven by subscription revenue growth and increasing superfan monetisation.
Companies & Markets

Universal Music sales beat estimates on subscription growth

Revenue from recorded music rose to US$3.1 billion in Q3

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