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Universal Music Group said it expects annual core profit growth of more than 10% up to 2028 - boosted by the superfans of its artists such as Taylor Swift

Universal Music sees higher profit, helped by superfans

Universal Music Group said it expects annual core profit growth of more than 10% up to 2028 on higher subscription revenue, expanded partnerships, and boosted by the superfans of its artists such as Taylor Swift, BTS and Drake.

Business • 18 Sep 24

Univeral Music Group said its revenue rose 16.7% to €2.94 billion, with streaming revenue up 13.3% from a year ago

Universal Music Group CEO calls for new streaming model

Universal Music Group, the world's largest record label, said quarterly revenue from music streaming surpassed €1 billion for the first time in the fourth quarter, a milestone that underscores its continued importance to the music business.

Business • 03 Mar 23

Universal Music Group's shares surged at the start of trading today in the biggest European listing of the year

Universal Music Group shares jump on stock market debut

Universal Music Group's shares leapt more than a third in their stock market debut today as investors bet a boom in music streaming still has a long way to run.

Business • 21 Sep 21

Universal Music Group is home to artists such as Lady Gaga

Vivendi sells minority stake in Universal to Tencent

French media conglomerate Vivendi has agreed to sell 10% of its Universal Music Group arm - home to artists such as Taylor Swift and Lady Gaga - to a consortium led by Tencent.

Business • 31 Dec 19

The multi-year agreement will be expanded later to include Facebook Messenger

Facebook, Universal Music strike licensing deal

Facebook and Universal Music Group have signed a global agreement that will give users access to Universal's music catalogues to be used in videos uploaded across the social media network as well as on Instagram and Oculus.

Business • 21 Dec 17

The multi-year licence agreement with Universal Music could make Spotify more attractive to Universal Music's artists

Spotify and Universal Music agree new licence deal

Music streaming service Spotify has said it has signed a deal with Universal Music Group that lets artists release new albums exclusively on its paying premium service for two weeks.

Business • 04 Apr 17