Universal Music Group N.V. (0UMG.L)
- Reuters
Universal Music Group reaches new licensing agreement with TikTok
Universal Music Group and TikTok said on Thursday that they had reached a new licensing agreement that will restore the label's songs and artists to the social media platform. TikTok began removing Universal's content from its app after their licensing deal expired in January and the two sides failed to reach agreement on royalty payments to artists and songwriters, protections from artificial intelligence (AI), and online safety for TikTok's users. The short video app is a valuable marketing and promotional tool for the music industry.
- Simply Wall St.
Universal Music Group (AMS:UMG) Is Paying Out A Dividend Of €0.27
Universal Music Group N.V. ( AMS:UMG ) has announced that it will pay a dividend of €0.27 per share on the 11th of...
- Barrons.com
Taylor Swift Album Will Buoy Universal—but Not How You Think
Universal Music Group is expected to benefit from Taylor Swift's release of _The Tortured Poets Department_ album that looks set to smash records, with consensus forecasts likely rising, BofA Securities analysts say in a research note. The record label appears to be less hit-driven and dependent on a single artist than perceived, with Swift's impact expected to be felt through physical sales rather than via streaming growth, the analysts say. Swift likely commands lower profitability than other UMG artists as she owns her master recordings—thus entitled to a larger royalty share—and is overrepresented on physical formats, which come with a lower margin for the record label.
