INDUSTRY NEWS

Universal Music Group Awaiting New Ownership This Year

will partially change ownership this year as its parent company, the French media conglomerate , will sell up to half of its music holdings. On Monday, Deutsche Bank estimated UMG as up to €29 billion ($33.25 billion), more valuable than  (est. €28 billion).

The partial sale is both the largest deal the record industry has seen in some time and it is expected to close in 2019. UMG is home to Interscope, Republic, Island, Capitol, and Def Jam labels (among others). Consequently, buyers will gain catalogs of artists at the caliber of Ariana Grande, the Beatles, Drake, Jay-Z, Queen, and more.

As for possible buyers, Deutsche Bank highlights Chinese media conglomerate Tencent, Alibaba, Alphabet/Google, Facebook, Spotify, Amazon, and Apple as major contenders.

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