Following a gangbusters debut on Amsterdam’s Euronext exchange, Sir Lucian Grainge’s UMG has soared to an eye-popping $51.4b/€43.8B market cap. It’s a validation not only of the red-hot music group but the biz overall as the streaming revolution drives valuations ever skyward. That said, Sir Grainge is eager to shed the penny stock known as HITS, if he can find anyone to buy.
BILL'S PASSAGE COULD RESULT IN U.S. TIKTOK BAN
Meanwhile, on Capitol Hill... (4/20a)
BLACKSTONE ASSEMBLING $1.5B BID FOR HIPGNOSIS SONGS FUND
A white-knuckle moment (4/20a)
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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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