SIR LUCIAN'S INVESTOR SPIEL SPURS VIVENDI SPIKE

Vivendi stock hit a 19-year high Thursday in the wake of UMG's capital markets day presentation to European investors, over which Uni topper Sir Lucian Grainge presided on 8/25. Trading for the music giant's IPO will kick off 9/21 on Euronext Amsterdam.

French parent Vivendi saw a 4.4% boost in its shares and hit a high of €32.86 ($38.07) on 8/26 before closing at $37.08. The stock is up nearly 14% from $33.22 a month ago.

Citi, which appears to know a thing or two about finance, remarked that UMG "did a very good job in using its first capital markets day to unveil its own outlook," per a Dow Jones Market Talk story, which also notes UMG's "hugely strong position in the industry" and the increasing predictability of music earnings thanks to subscription revenue.

TIKTOK'S OLE OBERMANN: THE HITS INTERVIEW
He makes TikTok tick. (11/29a)
THE 2024 HITS LIST TURKEY TROT
...with all the trimmings (11/28a)
NEAR TRUTHS: WITCHING HOUR
Casting a spell (11/21a)
KENDRICK’S GNX: SONG BY SONG
Looking under the hood of surprise album (11/26a)
NEAR TRUTHS: EXPECT THE UNEXPECTED
One name keeps popping up amid the Roan-related speculation. (11/26a)
NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
 Email

 First Name

 Last Name

 Company

 Country