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.
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 NOMS
