What Can We Expect From Universal Music Group’s $40-Billion-Plus IPO Next Week?
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variety.comGeoff Mayfield With Universal Music Group on the brink of launching one of the biggest initial public offerings to date, it’s worth noting how much the music industry has changed — and hasn’t — since analysts placed the business on the critical list 20 years ago.By the mid-oughts, the music industry had lost half of its peak value, but the advent of streaming and a rising awareness of the value of intellectual property — not to mention the multi-billion dollar, albeit pandemic-hobbled touring business — have risen it to a new, more diverse peak that does not depend overwhelmingly on the sales of an overpriced slab of plastic.
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