Music Business News: Europe

The biggest stories from the past week – all in one place…

William Packer of BNP Paribas Exane has upgraded UMG's stock in the wake of downgrades by other analysts

Wall Street analysts were disappointed that UMG's subscription streaming revenues 'only' grew 6.9% YoY in the quarter

Nevertheless, the record company has seen its operating profit slide amid rising costs

Seat Unique is currently offering VIP tickets and hospitality packages for Billie Eilish, Taylor Swift, and the recently reunited Oasis

Bruno Major named as the 'first marquee signing' via the new arrangement with UMPG

Thomas Coesfeld's changes to BMG had a clear effect on company's profit profile in H1 2024 period

With Italy lagging Western countries in paid music subscribers, strong growth is expected to continue