Tiger Brokers

Universal Music Needs Deals With Other Platforms to Benefit From Amazon Partnership -- Market Talk

Dow Jones
Jan 13, 2025

1050 GMT - Universal Music Group should come to agreements with Spotify and Apple Music for it to truly benefit from a recently expanded partnership with Amazon Music, UBS analysts write in a research note. Universal Music agreed to work with Amazon to explore new product opportunities as Amazon Music continues to expand in audio, audiobooks and visual programming. The companies also agreed to work to address unlawful AI-generated content and protect artists from fraud. The analysts say that if Universal Music comes to similar agreements with other major platforms, Universal's paid streaming revenue growth could accelerate toward mid-teen percentages next year. Universal Music shares trade 0.4% lower at 24.07 euros. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

January 13, 2025 05:51 ET (10:51 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10