Music Business News: France

Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn

MBW estimates that Universal, Sony and Warner are now collectively worth just shy of $89bn

The major labels are close to generating $1m from streaming every hour – but global growth is actually slowing down

MBW analysis shows that global major label streaming revenue growth slowed by 19.1% YoY in the first six months of this year

Vivendi appoints banks to help it sell up to 50% of Universal Music Group

'Several contacts have already been established with potential strategic partners,' says company

Streaming is having a huge year in France – led by Apple Music’s new ‘signing’, rap duo PNL

Apple inked an ongoing exclusive partnership with duo in June

CTS Eventim to take over 48% of retail giant Fnac Darty’s ticketing business

Transaction planned to close by the end of 2019

Vivendi to appoint banks for Universal stake sell-off on Thursday – report

Vivendi is officially looking to sell off 50% of UMG

Following recent rebrand, Deezer introduces dark mode for Android users

Update available on iOS and desktop app in the coming weeks

Deezer brings Shazam rival SongCatcher to iOS

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