Learn How

We need your help in 2018

Support All About Jazz All About Jazz is looking for 1,000 backers to help fund our 2018 projects that directly support jazz. You can make this happen by purchasing ad space or by making a donation to our fund drive. In addition to completing every project (listed here), we'll also hide all Google ads and present exclusive content for a full year!

Vivendi's Universal Music Group Valued At $40 Billion, says CEO, As IPO Speculation Mounts


Sign in to view read count
Universal Music Group (UMG) is valued at $40 billion or more,  Arnaud de Puyfontaine the CEO of parent corporation Vivendi said on Friday, sending shares in the French media group higher. after a mixed Q3 report that highlighted growth at the music group. Asked about the value of its Universal Music Group division at the Morgan Stanley European Technology, Media and Telecoms conference in Barcelona, Vivendi CEO Arnaud de Puyfontaine said that he had seen an estimate this week that valued UMG at $40 billion.

“I wouldn’t put a number, but I think that number is higher than the highest one that is currently expressed by the markets,” said the chief executive who went on to say that he agreed with the $40 million assessment.  

Spotify Could Lead The Way To A UMG IPO

Vivendi has repeated dangled the idea of a separate IPO for it music group.  Vivendi General Counsel Frederic Crepin had said that some banks were proposing a listing for UMG at up to $23.5 billion USD.  An analyst at independent firm Arete Research, currently values the world's largest music conglomerate at $21 billion, according to Reuters.

Much of UMG's success comes from the short to music streaming. So if market leader Spotify is successful with its expected IPO next year,  expect increased investor pressure for a UMG IPO to follow.

Continue Reading...

This story appears courtesy of HypeBot.
Copyright © 2017. All rights reserved.



Timely announcements from the industry.

Support All About Jazz's Future

We need your help and we have a deal. Contribute $20 and we'll hide the six Google ads that appear on every page for a full year!