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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.

BLACKOUT TUESDAY: HOW THE MAJORS RESPONDED
(6/5a)
HARLESTON, HABTEMARIAM LAUNCH UMG TASK FORCE
(6/5a)
SONY MUSIC SETS UP $100M FUND
(6/5a)
10K OPENS FUND TO AID BLACK YOUTH
(6/5a)
BLACK MUSIC MONTH: THE REVOLUTION WILL NOT BE TELEVISED
(6/5a)
WHAT NEXT?
The biz ponders action after some reflection.
GRAMMY SPECULATION
100% guaranteed to be somewhat accurate, probably.
BLACK MUSIC MONTH
...continues.
TRUMP'S IN THE BUNKER
Just to inspect it, though.
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