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UMGNF / Universal Music acquires Africa and Middle East label Chabaka

Universal Music Group has acquired UAE-based music company, Chabaka, part of the CHBK Group, a label that specialises in digital distribution, marketing, publishing and artists from the Middle East and North Africa (MENA) region. Chabaka has more than 150 independent artists and local labels across the region of its roster and will expand UMG's footprint in the MENA market, where recorded music revenues rose by 23.8% in 2022. Read More

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Posted: Aug 30 2023, 09:59

Author Name: Proactive Investors

UMGNF News

By Seeking Alpha
October 27, 2023

Universal Music Group N.V. (UMGNF) Q3 2023 Earnings Call Transcript

Universal Music Group N.V. (OTCPK:UMGNF) Q3 2023 Earnings Conference Call October 26, 2023 12:15 PM ET Company Participants Lucian Grainge - Chairman

By PYMNTS
October 27, 2023

UMG Sees Paid Subscriptions Rise as More Consumers Tune In

Universal Music Group (UMG) is seeing increased revenue from paid subscription platforms amid decreases from free, ad-supported streaming services, su

By Proactive Investors
October 27, 2023

Universal Music shares down 6% as streaming sales edge lower

Universal Music Group generated revenue of €2.75 billion in the third quarter, a 3.3% increase compared to the same period last year despite a slide

By New York Post
October 26, 2023

Taylor Swift continues to be a moneymaker for Universal Music in Q3

The top sellers for the quarter included Swift, Seventeen, Morgan Wallen, Olivia Rodrigo and King & Prince.

By Reuters
October 18, 2023

Universal Music, BandLab team up to protect artist rights amid rising AI use

Universal Music Group , the label representing Taylor Swift, said on Wednesday it has partnered with digital music firm BandLab Technologies to help p

By PRNewsWire
October 2, 2023

Universal Music Group N.V. to Announce Financial Results for the Third Quarter Ended September 30, 2023

HILVERSUM, The Netherlands , Oct. 2, 2023 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) announced today that it will release its financia

By Seeking Alpha
September 25, 2023

Universal Music Group: Sweet Spot In Low-Cost Entertainment, Catalyst-Rich Market Dynamic

Universal Music Group is one of the major music entertainment companies with iconic record labels and operates in three segments: Recorded Music, Musi

By Seeking Alpha
September 24, 2023

Universal Music Group: Bullish Long-Term Trends With Price Hike Potential

I recommended a buy due to its favorable position in the growing music subscription services market. Recent strong performance in 2Q23 demonstrates UM

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