Universal Music Shares Soar in Market Debut

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Universal Music Shares Soar in Market Debut

The Wall Street Journal2021-09-21

Shares in world’s largest music company jump almost 40%. Shares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of ...

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Min_max
·2021-09-22
congrats to universal music!
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ACCY
·2021-09-21
Good! ??
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TheAlMateen
·2021-09-21
I mean let’s see in the long run
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AnT
·2021-09-21
Music of the day...
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- AnT:
  nice
  2021-09-21
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Sales of recorded music grew 9.2% last year to $12.2 billion as subscriptions to streaming services reached new highs during the Covid-19 pandemic.</p>\n<p>Universal said in August that it was targeting revenue growth of more than 10% this year, and that it was expecting earnings before interest, taxes, depreciation and amortization to grow more than 20%.</p>\n<p>Vivendi shares, meanwhile, dropped more than 20% in early trading in Paris. 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At the current price, the world’s largest music company, which is being spun off from French media conglomerateVivendi SE,has a valuation of more than €45 billion, equivalent to $52.75 billion.\nIn August, Universal was valued at €33 billion, when billionaire William Ackman boughta 10% interestthrough his Pershing Square Holdings Ltd. hedge fund.\nAnalysts say Universal offers an attractive way for investors to participate in the music market. Competitor Sony Music Entertainment is accessible only as a small piece of Japanese conglomerateSony GroupCorp., whileWarner Music GroupCorp.has less than 15% of its stock listed publicly and is controlled by billionaire Len Blavatnik.\nThe music industry’s fortunes started to turn around in 2016, when the growth from streaming services began to outweigh a 15-year decline in CD sales amid rampant online piracy. Sales of recorded music grew 9.2% last year to $12.2 billion as subscriptions to streaming services reached new highs during the Covid-19 pandemic.\nUniversal said in August that it was targeting revenue growth of more than 10% this year, and that it was expecting earnings before interest, taxes, depreciation and amortization to grow more than 20%.\nVivendi shares, meanwhile, dropped more than 20% in early trading in Paris. 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At the current price, the world’s largest music company, which is being spun off from French media conglomerateVivendi SE,has a valuation of more than €45 billion, equivalent to $52.75 billion.</p>\n<p>In August, Universal was valued at €33 billion, when billionaire William Ackman boughta 10% interestthrough his Pershing Square Holdings Ltd. hedge fund.</p>\n<p>Analysts say Universal offers an attractive way for investors to participate in the music market. Competitor Sony Music Entertainment is accessible only as a small piece of Japanese conglomerateSony GroupCorp., whileWarner Music GroupCorp.has less than 15% of its stock listed publicly and is controlled by billionaire Len Blavatnik.</p>\n<p>The music industry’s fortunes started to turn around in 2016, when the growth from streaming services began to outweigh a 15-year decline in CD sales amid rampant online piracy. Sales of recorded music grew 9.2% last year to $12.2 billion as subscriptions to streaming services reached new highs during the Covid-19 pandemic.</p>\n<p>Universal said in August that it was targeting revenue growth of more than 10% this year, and that it was expecting earnings before interest, taxes, depreciation and amortization to grow more than 20%.</p>\n<p>Vivendi shares, meanwhile, dropped more than 20% in early trading in Paris. The French company is now left with businesses that include French pay-TV group Canal Plus, ad-holding firm Havas and publishing company Editis, as well as small divisions like the videogame maker Gameloft.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Universal Music Shares Soar in Market Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUniversal Music Shares Soar in Market Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-21 16:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/universal-music-shares-soar-in-market-debut-11632210839?mod=business_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares in world’s largest music company jump almost 40%.\n\nShares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of ...</p>\n\n<a href=\"https://www.wsj.com/articles/universal-music-shares-soar-in-market-debut-11632210839?mod=business_lead_pos3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/universal-music-shares-soar-in-market-debut-11632210839?mod=business_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172290939","content_text":"Shares in world’s largest music company jump almost 40%.\n\nShares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of confidence from investors in continued growth in the music industry.\nIn early trading, the company’s stock rose 38% above the reference price of 18.50 euros, set Monday evening by the Euronext exchange in Amsterdam. At the current price, the world’s largest music company, which is being spun off from French media conglomerateVivendi SE,has a valuation of more than €45 billion, equivalent to $52.75 billion.\nIn August, Universal was valued at €33 billion, when billionaire William Ackman boughta 10% interestthrough his Pershing Square Holdings Ltd. hedge fund.\nAnalysts say Universal offers an attractive way for investors to participate in the music market. Competitor Sony Music Entertainment is accessible only as a small piece of Japanese conglomerateSony GroupCorp., whileWarner Music GroupCorp.has less than 15% of its stock listed publicly and is controlled by billionaire Len Blavatnik.\nThe music industry’s fortunes started to turn around in 2016, when the growth from streaming services began to outweigh a 15-year decline in CD sales amid rampant online piracy. Sales of recorded music grew 9.2% last year to $12.2 billion as subscriptions to streaming services reached new highs during the Covid-19 pandemic.\nUniversal said in August that it was targeting revenue growth of more than 10% this year, and that it was expecting earnings before interest, taxes, depreciation and amortization to grow more than 20%.\nVivendi shares, meanwhile, dropped more than 20% in early trading in Paris. The French company is now left with businesses that include French pay-TV group Canal Plus, ad-holding firm Havas and publishing company Editis, as well as small divisions like the videogame maker Gameloft.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":860786601,"gmtCreate":1632213663803,"gmtModify":1676530726485,"author":{"id":"3585754194174993","authorId":"3585754194174993","name":"TheAlMateen","avatar":"https://static.tigerbbs.com/27948d43575c9b8fab40cb5726a7426e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585754194174993","authorIdStr":"3585754194174993"},"htmlText":"I mean let’s see in the long run&nbsp;","listText":"I mean let’s see in the long run&nbsp;","text":"I mean let’s see in the long run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860786601","repostId":1172290939,"repostType":4,"repost":{"id":"1172290939","pubTimestamp":1632212558,"share":"https://ttm.financial/m/news/1172290939?lang=&edition=fundamental","pubTime":"2021-09-21 16:22","market":"us","language":"en","title":"Universal Music Shares Soar in Market Debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1172290939","media":"The Wall Street Journal","summary":"Shares in world’s largest music company jump almost 40%.\n\nShares of Universal Music Group NV—behind ","content":"<blockquote>\n <b>Shares in world’s largest music company jump almost 40%.</b>\n</blockquote>\n<p>Shares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of confidence from investors in continued growth in the music industry.</p>\n<p>In early trading, the company’s stock rose 38% above the reference price of 18.50 euros, set Monday evening by the Euronext exchange in Amsterdam. At the current price, the world’s largest music company, which is being spun off from French media conglomerateVivendi SE,has a valuation of more than €45 billion, equivalent to $52.75 billion.</p>\n<p>In August, Universal was valued at €33 billion, when billionaire William Ackman boughta 10% interestthrough his Pershing Square Holdings Ltd. hedge fund.</p>\n<p>Analysts say Universal offers an attractive way for investors to participate in the music market. Competitor Sony Music Entertainment is accessible only as a small piece of Japanese conglomerateSony GroupCorp., whileWarner Music GroupCorp.has less than 15% of its stock listed publicly and is controlled by billionaire Len Blavatnik.</p>\n<p>The music industry’s fortunes started to turn around in 2016, when the growth from streaming services began to outweigh a 15-year decline in CD sales amid rampant online piracy. Sales of recorded music grew 9.2% last year to $12.2 billion as subscriptions to streaming services reached new highs during the Covid-19 pandemic.</p>\n<p>Universal said in August that it was targeting revenue growth of more than 10% this year, and that it was expecting earnings before interest, taxes, depreciation and amortization to grow more than 20%.</p>\n<p>Vivendi shares, meanwhile, dropped more than 20% in early trading in Paris. The French company is now left with businesses that include French pay-TV group Canal Plus, ad-holding firm Havas and publishing company Editis, as well as small divisions like the videogame maker Gameloft.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Universal Music Shares Soar in Market Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUniversal Music Shares Soar in Market Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-21 16:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/universal-music-shares-soar-in-market-debut-11632210839?mod=business_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares in world’s largest music company jump almost 40%.\n\nShares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of ...</p>\n\n<a href=\"https://www.wsj.com/articles/universal-music-shares-soar-in-market-debut-11632210839?mod=business_lead_pos3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/universal-music-shares-soar-in-market-debut-11632210839?mod=business_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172290939","content_text":"Shares in world’s largest music company jump almost 40%.\n\nShares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of confidence from investors in continued growth in the music industry.\nIn early trading, the company’s stock rose 38% above the reference price of 18.50 euros, set Monday evening by the Euronext exchange in Amsterdam. At the current price, the world’s largest music company, which is being spun off from French media conglomerateVivendi SE,has a valuation of more than €45 billion, equivalent to $52.75 billion.\nIn August, Universal was valued at €33 billion, when billionaire William Ackman boughta 10% interestthrough his Pershing Square Holdings Ltd. hedge fund.\nAnalysts say Universal offers an attractive way for investors to participate in the music market. Competitor Sony Music Entertainment is accessible only as a small piece of Japanese conglomerateSony GroupCorp., whileWarner Music GroupCorp.has less than 15% of its stock listed publicly and is controlled by billionaire Len Blavatnik.\nThe music industry’s fortunes started to turn around in 2016, when the growth from streaming services began to outweigh a 15-year decline in CD sales amid rampant online piracy. Sales of recorded music grew 9.2% last year to $12.2 billion as subscriptions to streaming services reached new highs during the Covid-19 pandemic.\nUniversal said in August that it was targeting revenue growth of more than 10% this year, and that it was expecting earnings before interest, taxes, depreciation and amortization to grow more than 20%.\nVivendi shares, meanwhile, dropped more than 20% in early trading in Paris. The French company is now left with businesses that include French pay-TV group Canal Plus, ad-holding firm Havas and publishing company Editis, as well as small divisions like the videogame maker Gameloft.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":860783955,"gmtCreate":1632213085577,"gmtModify":1676530726264,"author":{"id":"3578200234343382","authorId":"3578200234343382","name":"AnT","avatar":"https://static.tigerbbs.com/a777c54118c03953e7be94b2700b9768","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3578200234343382","authorIdStr":"3578200234343382"},"htmlText":"Music of the day...","listText":"Music of the day...","text":"Music of the day...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860783955","repostId":1172290939,"repostType":4,"repost":{"id":"1172290939","pubTimestamp":1632212558,"share":"https://ttm.financial/m/news/1172290939?lang=&edition=fundamental","pubTime":"2021-09-21 16:22","market":"us","language":"en","title":"Universal Music Shares Soar in Market Debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1172290939","media":"The Wall Street Journal","summary":"Shares in world’s largest music company jump almost 40%.\n\nShares of Universal Music Group NV—behind ","content":"<blockquote>\n <b>Shares in world’s largest music company jump almost 40%.</b>\n</blockquote>\n<p>Shares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of confidence from investors in continued growth in the music industry.</p>\n<p>In early trading, the company’s stock rose 38% above the reference price of 18.50 euros, set Monday evening by the Euronext exchange in Amsterdam. At the current price, the world’s largest music company, which is being spun off from French media conglomerateVivendi SE,has a valuation of more than €45 billion, equivalent to $52.75 billion.</p>\n<p>In August, Universal was valued at €33 billion, when billionaire William Ackman boughta 10% interestthrough his Pershing Square Holdings Ltd. hedge fund.</p>\n<p>Analysts say Universal offers an attractive way for investors to participate in the music market. Competitor Sony Music Entertainment is accessible only as a small piece of Japanese conglomerateSony GroupCorp., whileWarner Music GroupCorp.has less than 15% of its stock listed publicly and is controlled by billionaire Len Blavatnik.</p>\n<p>The music industry’s fortunes started to turn around in 2016, when the growth from streaming services began to outweigh a 15-year decline in CD sales amid rampant online piracy. Sales of recorded music grew 9.2% last year to $12.2 billion as subscriptions to streaming services reached new highs during the Covid-19 pandemic.</p>\n<p>Universal said in August that it was targeting revenue growth of more than 10% this year, and that it was expecting earnings before interest, taxes, depreciation and amortization to grow more than 20%.</p>\n<p>Vivendi shares, meanwhile, dropped more than 20% in early trading in Paris. The French company is now left with businesses that include French pay-TV group Canal Plus, ad-holding firm Havas and publishing company Editis, as well as small divisions like the videogame maker Gameloft.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Universal Music Shares Soar in Market Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUniversal Music Shares Soar in Market Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-21 16:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/universal-music-shares-soar-in-market-debut-11632210839?mod=business_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares in world’s largest music company jump almost 40%.\n\nShares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of ...</p>\n\n<a href=\"https://www.wsj.com/articles/universal-music-shares-soar-in-market-debut-11632210839?mod=business_lead_pos3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/universal-music-shares-soar-in-market-debut-11632210839?mod=business_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172290939","content_text":"Shares in world’s largest music company jump almost 40%.\n\nShares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of confidence from investors in continued growth in the music industry.\nIn early trading, the company’s stock rose 38% above the reference price of 18.50 euros, set Monday evening by the Euronext exchange in Amsterdam. At the current price, the world’s largest music company, which is being spun off from French media conglomerateVivendi SE,has a valuation of more than €45 billion, equivalent to $52.75 billion.\nIn August, Universal was valued at €33 billion, when billionaire William Ackman boughta 10% interestthrough his Pershing Square Holdings Ltd. hedge fund.\nAnalysts say Universal offers an attractive way for investors to participate in the music market. Competitor Sony Music Entertainment is accessible only as a small piece of Japanese conglomerateSony GroupCorp., whileWarner Music GroupCorp.has less than 15% of its stock listed publicly and is controlled by billionaire Len Blavatnik.\nThe music industry’s fortunes started to turn around in 2016, when the growth from streaming services began to outweigh a 15-year decline in CD sales amid rampant online piracy. Sales of recorded music grew 9.2% last year to $12.2 billion as subscriptions to streaming services reached new highs during the Covid-19 pandemic.\nUniversal said in August that it was targeting revenue growth of more than 10% this year, and that it was expecting earnings before interest, taxes, depreciation and amortization to grow more than 20%.\nVivendi shares, meanwhile, dropped more than 20% in early trading in Paris. The French company is now left with businesses that include French pay-TV group Canal Plus, ad-holding firm Havas and publishing company Editis, as well as small divisions like the videogame maker Gameloft.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5944416,"gmtCreate":1632213094287,"gmtModify":1663234204338,"authorId":3578200234343382,"author":{"id":3578200234343382,"idStr":"3578200234343382","authorId":3578200234343382,"name":"AnT","avatar":"https://static.tigerbbs.com/a777c54118c03953e7be94b2700b9768","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":860783955,"type":1,"supId":0,"prevId":0,"content":"<u>nice</u>","text":"<u>nice</u>","html":"<u>nice</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":30,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}