Has Streaming Peaked? What Universal’s Stock Crash Means For Music
4 Articles
4 Articles
Universal Music recorded a second quarter in a row with "disappointing" growth.
Maltreated the day before, the Brussels Stock Exchange raised its head, in a stock market Europe that ended the month in dispersed order. ...
Has Streaming Peaked? What Universal’s Stock Crash Means For Music
Universal Music stocks dived yesterday after a disappointing investor update sent jitters across markets. The stock, which is listed on European markets, closed 25% lower, the worst one-day fall since it was listed in 2021.With stock markets ever-focused on growth, recorded music has had a good run, with massive subscription growth driven by COVID, but that growth has recently slowed. On Thursday the world’s largest record company posted second …
Strong half-year figures are driving Umicore's share price up, while UCB and Ontex are also recovering. In Amsterdam, Universal Music Group is taking a crushing blow, while Engie and Saint-Gobain are turning the Paris stock exchange green.
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