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Deutsche Bank has upped its valuation of UMG to €29 billion—or $33.25b—from €20b. What’s wild about this figure is...
UMG’S VALUE ROCKETS TO $33B+

Deutsche Bank has upped its valuation of UMG to €29 billion—or $33.25b—from €20b. What’s wild about this figure is that it’s higher than that of Uni’s parent company, Vivendi, whose most recent valuation was €28.3b.

According to the report, potential suitors for a stake in the dominant music group include Liberty Media (as CEO Greg Maffei hinted in November), Tencent Music, Alphabet/Google, Facebook, Amazon, Spotify, Apple and Alibaba.

"With the hype around UMG stake sale having subsided, there is now scope for valuation to surprise to the upside in 2H 2019," Deutsche Bank speculates, adding that it expects music-streaming revenue to hit $21b in 2023, compared to $7b in 2018, while the aggregate market grows to $25b.

WOODSTOCK, DAY TWO
Once upon a time...at Yasgur's farm (8/16a)
RAINMAKERS: THEY CONTROL THE WEATHER
This is no ordinary doorstop. (8/15a)
SONG REVENUE CHART: DOG DAYS
But things will liven up soon. (8/16a)
A PRESEASON
HITS LIST
The biz is getting its game face on. (8/16a)
GRAMMY CHEW: COMING IN
UNDER THE WIRE
More speculation over lox and bagels (8/16a)
HEAT!
Seriously, we can't take off any more clothes at the office.
DOLDRUMS!
Nothing doing.       
LUNCH!
Well, what do YOU want?      
VACATION!
Badly needed.     
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