The Global Media Weekly for executives and entrepreneurs

Universal Music to IPO

Vivendi, which sold a 10% stake in Universal Music Group to a Tencent-led consortium for $3.3bn earlier this year, has now confirmed that it will aim to IPO the company in 2022.

The Tencent consortium has an option (until early 2021) on a further 10% of the company’s equity. The company’s revenue has been growing at 6% annually with particularly strong gains in music streaming. 

Universal Music