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- Commenting on the agreement, Jean-François Dubos, Chairman of the Management Board of Vivendi, said: “The acquisition of EMI Recorded Music is a major milestone for Vivendi. It significantly strengthens its ownership of exclusive music content and fosters the development of talent, while continuing to promote cultural diversity.”
www.vivendi.com/en/press-release/vivendi-finalizes-emi-acquisition-by-umg-with-sale-of-parlophone/
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Vivendi announced today that it has completed the sale of an additional 10% of the share capital of Universal Music Group (UMG) to a Tencent-led consortium, based on an enterprise value of €30 billion for 100% of UMG’s share capital.
NBCUniversal (20% stake, now fully owned by Comcast) Gaiam Vivendi Entertainment (division of UMGD, now owned by Cinedigm) Universal Music Group (60% stake, became independent in September 2021) Activision Blizzard (5.8% stake, now owned by Microsoft Gaming) Maroc Telecom (53% stake, now owned by Etisalat)
Prior to March 31, 2020, Vivendi owned 100% of Universal Music Group (UMG), the world’s leading music company. Then, on March 31, 2020, a consortium led by Tencent acquired 10% of UMG’s share capital, followed by an additional 10% on January 29, 2021, crystallizing an enterprise value of €30 billion for UMG. Having established this ...
Feb 7, 2013 · Regulatory News: Vivendi and its subsidiary Universal Music Group today announced a definitive agreement to sell Parlophone Label Group, a unit of EMI Recorded Music,...
Vivendi and its subsidiary Universal Music Group (UMG) today announced a definitive agreement to sell Parlophone Label Group, a unit of EMI Recorded Music, to Warner Music Group for £487 million (around €570 million) in cash.
In February 2020, Vivendi announced it was planning to go public in an IPO within three years. [103] On June 16, 2020, Universal rebranded Virgin EMI Records as EMI Records and named Rebecca Allen (former president of UMG's Decca label) as the label's president, [104] bringing back the EMI brand.
Sep 5, 2012 · Ten months ago, Vivendi ’s Universal Music stunned rivals by bidding £1.2bn for the record business. Until then, regulators had frustrated most attempts to consolidate the piracy-hit industry, so...
