News Vivendi's CEO and CFO state that they have "no intention" of selling UMG's shareholding in streaming giant
News Japan's King & Prince were company's biggest sellers in quarter
News "Vivendi is very happy with the arrival of the Tencent-led consortium. It will enable UMG to further develop in the Asian market."
News MBW monitors how 'Black Monday' has hammered music stocks around the world
Analysis News Major has signed and/or distributes eight of this year's biggest acts (and also works with BTS)
News Company now generates more than $11m every day from streaming
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."