Wednesday, April 26, 2017

Universal Music Group Now Valued At $22 Billion | hypebot

Universal-Music-Logo5 years ago many in the industry thought that the major labels were headed for extinction. Now, owner Vivendi values its own Universal Music Group at $22 billion.


CashUniversal Music Group is worth $22 billion, according to owner Vivendi's General Counsel Frédéric Crépin.  The turnaround and meteoric rise were furled by streaming music revenue.

Some stats for comparison:

  • Warner Music Group sold for $3.3 billion in 2012
  • EMI's recorded music business sold for $1.9 billion in 2012
  • Outside buyers offered $8.5 billion for IMG in 2012 and $15 billion in 2015. 
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