RUMOR MILL
Tuesday, September 21, 2021
IS THE UMG IPO PUTTING A SPARK IN WMG STOCK?
With Universal Music Group’s IPO capturing the attention of investors around the world, Warner Music Group has been enjoying a nice bounce in its own stock price.
WMG came out of the gate 9/21 with a 9% bounce from Monday’s close. In early trading, it posted a $43.93 share price.
During the build-up to Vivendi's spin-off of UMG, Warner has basked in a healthy bump: The stock is up more than 21% over the last 30 days and 35% in the last six months.
Sony Corp., which counts the music unit as one of its strongest performers over the last two years, is up 3.5% at midday to $112.33, its highest price since 4/16.
Are pure music companies about to go on an extended bullish run? Stay tuned.
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
