News "Tencent and the Consortium members are excited to support UMG's growth through this investment."
Analysis News Some very impressive news for Universal, Sony and Warner... and a warning sign?
News UMG streaming revenues were up 19.7% to €837m ($936m) in Q3 2019
News "[There is] continuing process for the potential sale of an additional minority stake in UMG to other partners. Some have already expressed an interest in investing at a similar price level."
News "This is an exciting development for both Vivendi and UMG and affirms once again just how much our strategy and hard work are succeeding."
News 'Several contacts have already been established with potential strategic partners,' says company
News Streaming made up 60.4% of Universal's recorded music revenues in the first half of 2019
News Vivendi is officially looking to sell off 50% of UMG
Analysis "It is not clear to us that the fire in the LA storage facility should have any impact on either the valuation of UMG or the sale process."
News 'UMG is doing very well. The question is how to find the right partner, up to 50%. But everything's fine – trust me!'
News Universal's recorded music division turned over €4.828bn ($5.73bn) last year, up 10% at constant currency
News "This acquisition is a logical step in the building of a large content, media and communications group. It also marks the return of this French publishing powerhouse to a European group with a global reach."
Analysis News Who are the bosses of the music industry's bosses?
News Eleven member states, including Italy and Germany, reject latest draft of proposal
News Organizations to have signed the letter include the IFPI and IMPALA