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The World's Biggest Music Entity, UMG, Raising $3.5 Billion In Funding

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The World's Biggest Music Entity, UMG Raising $3.5 Billion In Funding
April 5, 2021 at 1:20 AM (PT)
UMG's NYC HQ
With an impending IPO on the horizon, the UNIVERSAL MUSIC GROUP, which has been spending to acquire catalogs and paying advances to artists, shelled out approximately $1.7B in 2020 according to MUSIC BUSINESS WORLDWIDE (MBW). About $400m was spent on acquiring the song catalog of BOB DYLAN (NET NEWS 12/7/20) .
UNIVERSAL’S DUTCH company, UNIVERSAL MUSIC GROUP B.V., is front and center on the huge raise of capital

Hilversum , Noord-holland , Netherlands , Dutch , Universal-music-group , Biggest-music-entity , Ipo , Mbw , Universal-music-groupb-v , Music-business-worldwide , Euronext-exchange