UNIVERSAL MUSIC GRP U/ADR - UNVGY STOCK NEWS

UMe announces the pre-order of Ringo Starr's new EP, EP3, featuring four tracks set for release on September 16, 2022. The new songs, recorded at Starr's Roccabella West studio, showcase his signature vocals and collaborations with artists like Steve Lukather and Linda Perry. The tracks are a mix of pop, country, reggae, and rock. Besides a digital release, EP3 will be available on CD, 10" vinyl, and a limited edition translucent royal blue cassette on November 18, 2022. Ringo emphasizes creativity through more frequent EP releases.

Universal Music Group (UMG) reported Q2 2022 revenue of €2,535 million, a 17.3% increase year-over-year in constant currency, driven by growth across all segments. Adjusted EBITDA rose 8.3% to €507 million. Notably, net profit attributable to equity holders dropped 46.7% to €241 million amid sharp revaluation losses on investments. H1 2022 revenue reached €4,734 million, an increase of 16.9%, with an interim dividend of €435 million. The company highlighted strength in subscription and streaming revenue but faced a decline in digital downloads. Net debt stood at €2,283 million, up from €2,010 million.

Universal Music Group N.V. will release its financial results for Q2 and the first half of 2022 on July 27, 2022, following the Euronext market's close. A conference call will be held that same day at 6:15 PM CEST to discuss the results. Investors and analysts can pre-register for the call to ask questions. UMG is recognized as a leading entity in music entertainment, committed to enhancing artist opportunities and fostering innovative business models. For further updates, visit their website.

TOMORROW X TOGETHER has achieved a new career high, reaching No. 4 on the Billboard 200 with their EP minisode 2: Thursday's Child. The group also secured the No. 1 spot on the Top Album Sales chart, marking the third-largest sales week of 2022. Their upcoming single GOOD BOY GONE BAD will be released on September 30, 2022, featuring a Japanese version of their lead single along with two original songs. The single will be available in three formats, including limited editions with exclusive content.

Universal Music Group N.V. announced the pricing of €500m of 3.000% senior unsecured notes due 2027 and €500m of 3.750% senior unsecured notes due 2032. This €1.0 billion bond offering is part of their Euro Medium Term Note programme, set to close on June 30, 2022, subject to customary conditions. The proceeds will be utilized for refinancing existing debt and covering transaction costs. The notes will be listed on Euronext Amsterdam and sold to non-U.S. investors. Leading banks involved include BNP Paribas and BofA Securities among others.

Six iconic albums from Japanese singer-songwriter Hikaru Utada will be released on 180g vinyl on August 12 in the U.S. These albums include First Love (1999), Distance (2001), DEEP RIVER (2002), ULTRA BLUE (2006), HEART STATION (2008), and Fantôme (2016). This marks the first vinyl release for ULTRA BLUE, HEART STATION, and Fantôme. Each album will consist of a 180g double LP set and include a bonus track for the first five albums.

Universal Music Group N.V. has announced the amendment of its Greater China Option Agreement with Tencent Holdings Ltd. Under the new terms, Tencent can acquire up to 12.5% of the share capital of Greater China HoldCo within two years. This is a reduction from the previously disclosed option of 25%. The share purchase price will still be based on an agreed EBITDA multiple. As of this announcement, Tencent has not exercised the option, contingent on necessary governmental approvals.