Universal Music Sale Puts Resurgent Industry on the Market
With strong appetite for investment opportunities in the business and Universal’s command of market, world’s largest music company could fetch hefty premium.
Led by Drake, shown in Denmark in 2017, the four most-streamed artists of 2018 on Spotify were distributed by Universal.PHOTO: SAMY KHABTHANI/AVALON/ZUMA PRESS
Vivendi SA’s plans to sell half of the world’s biggest music company will allow it to cash in on the music-streaming revolution and give potential investors the chance to participate in the resurgent industry.
Universal Music Group has a 40% share—and growing—of the U.S.