UNIVERSAL MUSIC GRP U/ADR - UNVGY STOCK NEWS

Universal Music Group N.V. announced the appointment of Sherry Lansing as Chairman of the Board, effective January 10, 2023. She succeeds Judy Craymer CBE, who is retiring to focus on her work as a film and theatre producer. The board expressed gratitude for Craymer's contributions.

Universal Music Group, a leader in music-based entertainment, engages in recorded music, music publishing, merchandising, and audiovisual content, aiming to enhance opportunities for artists and fans.

Universal Music Enterprises (UMe) has launched uDiscover Música, a Spanish-language platform aimed at music enthusiasts to explore Latin music and international catalog stories. Building on the success of uDiscover Music, the site will feature artist interviews, news, and exclusive content. With Latin America as a rapidly growing music market, UMe plans to collaborate with local teams to highlight regional artists. The platform aims to attract Spanish-speaking audiences and enhance the reach of UMG’s diverse catalog, showcasing a commitment to cultural influence in the music industry.

Universal Music Group N.V. (EURONEXT: UMG) announced that Boyd Muir, EVP, CFO, and President of Operations, will speak at the Morgan Stanley European Technology, Media & Telecom Conference on November 16, 2022, at 14:00pm CET. This engagement highlights UMG's ongoing commitment to transparency and investor engagement. The event will be available to listen to via a webcast on their investor relations website. UMG remains a leading entity in music entertainment, dedicated to nurturing artists and expanding creative opportunities.

As of November 1, 2022, The Ed Sullivan Show has surpassed one billion total views across its digital channels, including YouTube, Apple Music, and Facebook. The show also achieved 500K YouTube subscribers, highlighting its significant expansion through a global digital rights agreement with SOFA Entertainment. More than 250 million YouTube views were achieved since June 2020, with notable performances from artists like The Jackson 5 and Elvis Presley. This initiative aims to introduce the show's historic performances to new audiences, revitalizing its cultural impact.

Universal Music Group reported Q3 2022 revenue of €2,664 million, up 13.3% year-over-year in constant currency, driven by all segments. Recorded Music revenue increased 10.1%, while Music Publishing and Merchandising grew 6.9% and 101.1%, respectively. Adjusted EBITDA reached €553 million, a 9.1% year-over-year rise. Year-to-date, revenue totaled €7,398 million, marking a 15.6% increase, with EBITDA of €1,499 million, up 10.2%. Benefits included a €71 million legal settlement, offset by accounting changes affecting Music Publishing revenues.

Universal Music Group N.V. is set to release its financial results for Q3 2022 on October 27, 2022, after market close. The company will host a conference call that same day at 6:15 PM CEST to discuss the results. Investors can participate via a dial-in line after pre-registering on their investor page.

UMG is recognized as a leader in music-based entertainment, encompassing recorded music, publishing, and audiovisual content.

Janet Jackson commemorates the 25th anniversary of her acclaimed album, The Velvet Rope, by releasing a Deluxe Edition on October 7, 2022. This edition introduces 10 new tracks to streaming platforms, featuring B-sides and remixes, including rarities like "Accept Me" and "God's Stepchild". Remastered videos from the original album will also debut on YouTube. The Velvet Rope, recognized for its exploration of personal themes, achieved global success, debuting at No. 1 on the Billboard 200.

Guns N' Roses announces the release of the USE YOUR ILLUSION I & II box set on November 11, 2022. This comprehensive package includes 97 songs, with 63 unreleased audio and video tracks. Fans can choose from various configurations, including a Super Deluxe Seven-CD + Blu-ray and Twelve-LP + Blu-ray editions. The original albums have been fully remastered for the first time. The set will also feature a 100-page book and exclusive collectibles, celebrating the band's legacy since their original album release on September 17, 1991.