RUMOR MILL
Friday, January 29, 2021
UMG EYEING EARLY 2022 FOR IPO
Universal Music Group plans to go public by early 2022. It's the most specific timetable Vivendi has announced for the move.
Parent company Vivendi made the announcement in Paris today in connection with the completion of the sale of 10% of UMG to a Tencent-led consortium. The Chinese company now has a 20% stake.
Vivendi is using the cash to reduce its financial debt and finance acquisitions. The deal will “notably enable UMG to further develop its activities in Asia.”
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
