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As UMG now trades at a 16.5 forward EV/EBITDA multiple, I find the current price an extremely attractive opportunity to buy the best business in the music industry.
My final take on demand is that just like people listen to music now, they will keep listening to it in the future, and I believe that UMG is in the best position to capitalize on the growing demand for music due to its roster of artists.
This year, the weekend's events will feature a photo booth and for every photo shared during the weekend, UMG will make a donation to MHC, to further its message and mission to end the stigma surrounding mental health.
TMZ Hip Hop also reports that Kelly is on the hook for $506,950.26, and it just so happens that UMG has $567,444.19, which can definitely settle his remaining debts.
Source: https://hiphopwired.com/1557375/r-kelly-music-royalties-garnished-payback-victims/
UMG claimed that the song violated copyright law and platforms had a “legal and ethical responsibility” to prevent services that harm artists.
Source: https://radioink.com/2023/04/20/umg-yanks-a-i-made-drake-song-off-streaming/
UMG owns over 3 million recordings and 16 "record labels" including EMI, Virgin, Island, Motown, Polydor, Decca, and EMI, together with over 4 million publishing titles.