Welcome to our dedicated page for Universal Music news (Ticker: UNVGY), a resource for investors and traders seeking the latest updates and insights on Universal Music stock.
Universal Music Group (UNVGY) is a global leader in music-based entertainment, shaping culture through artistry. With a diverse array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content, UMG boasts the most extensive catalog of recordings and songs across all musical genres.
Committed to fostering artistic innovation and entrepreneurship, UMG identifies and develops talent, producing and distributing critically acclaimed and commercially successful music worldwide. Recent achievements include entering a strategic partnership with Chord Music Partners, acquiring a 25.8% interest valued at US$240 million, building an impressive portfolio of premier music intellectual property from iconic artists.
UMG's Q4 2023 and FY 2023 results demonstrated robust financial performance, with revenue growing across all segments. Recorded Music, Music Publishing, and Merchandising and Other segments all exhibited strong revenue growth, contributing to an increase in EBITDA and Adjusted EBITDA.
The company's strategic organizational redesign aimed at enhancing artist and fan experiences, maximizing efficiencies, and driving long-term growth. By focusing on core creative capabilities, UMG aims to create unparalleled opportunities for artists and fans, while optimizing cost structures to achieve €250 million in annual run-rate savings by 2026.
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.
Universal Music Enterprises announces the release of Ringo Starr's third EP, titled EP3, available digitally and on CD from September 16, 2022. A limited edition of 10" vinyl and translucent royal blue cassette will be released on November 18, 2022. This EP includes four new tracks: World Go Round, Everyone and Everything, Let's Be Friends, and Free Your Soul. Starr expresses the themes of peace, love, and kindness through his music, as well as continuing his tour with the All-Starr Band.
The Buckleys, an Australian sibling band, released their new EP, Take It As It Comes, on September 16, 2022, through Petrol Records/UMe. The EP showcases a mix of pop-country with inspiration from 70s AM radio sounds, featuring five tracks including the hit single Oops I Love You, which ranked #5 on Australian Country Radio. The band aims to expand their reach into the U.S. market following their success in Australia, where all four of their singles charted in the Top Five.
Universal Music Group N.V. announced that its CEO, Sir Lucian Grainge, will participate in a Q&A session at the Goldman Sachs Communacopia + Technology Conference on September 12, 2022, at 7:45 PM CEST. This event will provide insights into UMG’s strategies and future directions in the music industry. Interested parties can listen to the webcast via investors.universalmusic.com.
ALL SOULS is a new collection of Siouxsie And The Banshees tracks curated by Siouxsie Sioux, launching on October 21. The album features iconic tracks like "Fireworks" and "Spellbound," along with rarities making their vinyl debut. It includes remastered versions of songs from the band's extensive catalog, all overseen by Sioux and remastered at Abbey Road Studios by Miles Showell. Limited edition orange vinyl and 180g black vinyl options are available, with pre-orders open now.
PJ Harvey is set to release a comprehensive collection titled B-SIDES, DEMOS AND RARITIES on November 4. This 59-track album will include many songs that have never been released physically or digitally, featuring 14 previously unreleased tracks. The box set, available on 6 LPs, 3 CDs, and digital, showcases her extensive catalog over three decades. Additionally, it includes unseen photographs and is produced under the guidance of her long-time collaborator, John Parish.
Roger Taylor, renowned drummer of Queen, announces the release of his live album The Outsider Tour Live on September 30, 2022, featuring recordings from his sold-out UK tour. The album includes 22 tracks that blend new material and Queen classics, showcasing Taylor's musical evolution and emotional depth. The lead single, Surrender, will be available on September 8. The release also reflects Taylor's desire to deliver joy and escapism in music following the pandemic. Fans can expect a unique blend of nostalgia and fervor.