![]() ![]() Since then, the stock has trended lower after hitting its high of 27.96 euros in mid-November. The music powerhouse’s market listing, the largest music IPO in history, valued the company at more than $53 billion and allowed French media company Vivendi, which will retain a roughly 10 percent stake for a minimum period of two years, to cash in on a bounceback of the sector thanks to the streaming boom.Įuropean Film Awards: 'Triangle of Sadness,' 'Close,' 'Holy Spider' Lead Nominations Universal Music, the label home of the likes of Lady Gaga, Justin Bieber and Taylor Swift, made its market debut on Amsterdam’s Euronext exchange in late September with a pop, gaining 37 percent on its first day. ![]() While the growth in music streaming has turned investors’ heads and re-energized interest in music and audio stocks, company-specific issues and trends affected their ebb and flow in the latest year. Meanwhile, SiriusXM was mostly flat and Spotify dropped before finding its rhythm later in 2021. ![]() Universal Music Group saw a strong market debut and Warner Music saw a run-up in shares - then analysts grew cautious on both stocks. This past year was a cacophony for audio entertainment stocks. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |