Skip to Content
AP National Business

Market debut of Universal Music Group is a smash hit

<i></i><br/>
KMIZ

By
Published 10:43 AM

The Associated Press

The market debut of Universal Music Group is a hit with investors optimistic about the future of steaming music. Shares jumped nearly 40% Tuesday to almost $26 per each in trading on the Euronext Amsterdam exchange. Universal has a huge roster of stars including Taylor Swift, Billie Eilish, Lady Gaga, the Beatles and Bob Dylan. Universal has rights to that massive catalog of hits and with the pandemic hitting the music industry hard, it has still thrived as music spreads to other platforms like Spotify, YouTube and TikTok. 

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content