Universal Music Group’s spin-off of Vivendi SE, scheduled for Tuesday, will force the French conglomerate to abandon its most profitable businesses and test the market’s willingness to play music as an asset class.
The world’s biggest music companies after stars like Taylor Swift, Drake and The Beatles will make their debut on the Euronext stock exchange in Amsterdam and Vivendi will distribute shares to investors. The move comes after a recent surge in the value of the technology to music catalogs, music streaming companies and creators, as interest in the music business revived as investments grew.
Universal Music spin-off to test investors’ desire for music
source link Universal Music spin-off to test investors’ desire for music