Website URL:
   Homepage

Accessibility links

     * Skip to content
     * Accessibility Help

   BBC Account
   Notifications
   
     * Home
     * News
     * Sport
     * Weather
     * iPlayer
     * Sounds
     * CBBC
     * CBeebies
     * Food
     * Bitesize
     * Arts
     * Taster
     * Local
     * Three
     * Menu

   Search
   News 

BBC News Navigation

   
   Sections
   
     * Home 
     * US Election 
     * Coronavirus 
     * Video 
     * World 
     * US & Canada 
     * UK 
     * Business  selected
     * Tech 
     * Science 
     * Stories 
     * Entertainment & Arts 
     * Health 
     * In Pictures 
     * Reality Check 
     * World News TV 
     * Newsbeat 
     * Long Reads 

   Business selected
     * Market Data 
     * Global Trade 
     * Companies 
     * Entrepreneurship 
     * Technology of Business 
     * Connected World 
     * Global Education 
     * Economy 

   Business
   Business

Taylor Swift's record label Universal plans share sale

     * 14 February 2020

     * Share this with Facebook 
     * Share this with Messenger 
     * Share this with Twitter 
     * Share this with Email 
     * Share this with Facebook 
     * Share this with WhatsApp 
     * Share this with Messenger 
     * Share this with Twitter 
     * Share 
       Share this with
       These are external links and will open in a new window
          + Email
            Share this with Email 
          + Facebook
            Share this with Facebook 
          + Messenger
            Share this with Messenger 
          + Messenger
            Share this with Messenger 
          + Twitter
            Share this with Twitter 
          + Pinterest
            Share this with Pinterest 
          + WhatsApp
            Share this with WhatsApp 
          + LinkedIn
            Share this with LinkedIn 
       Copy this link
       https://www.bbc.com/news/business-51488114
       Read more about sharing.
       These are external links and will open in a new window
       (BUTTON) Close share panel

   Taylor Swift performs during the 2019 Z100 Jingle Ball at Madison Square Garden on December 13, 2019 in New York City. Image copyright Getty Images

   French media giant Vivendi wants to sell shares in its most-prized asset, Universal Music Group, by early 2023.

   Universal is the world's biggest music label and home to global stars Taylor Swift, Drake and Lady Gaga.

   Vivendi had considered floating the profitable music division back in 2018, though felt it was too complex.

   But its shareholders, including top investor Vincent Bollore, now want to list Universal within the next three years.
     * Ed Sheeran's label set for stock market windfall
     * Tencent set to buy 10% stake in Universal Music
     * Artists sue Universal over lost tapes

   Chinese tech giant Tencent led a consortium which bought 10% of Universal last December in a deal that valued it at €30bn (£25bn).

   The news of a planned stock market flotation of Universal comes hot on the heels of a similar announcement by its smaller rival Warner Music Group.

   Last week, Warner, home to a host of stars including Ed Sheeran and Katy Perry, said it plans to sell shares in the US.
   Image copyright Getty Images

   Vivendi chief executive Arnaud de Puyfontaine declined to give further details about the planned flotation when he announced record annual profits on Thursday.

   The music label's earnings jumped by 22% from a year earlier to €1.12bn.

   The growth in profits for the likes of Universal and Warner has been helped by the rapid rise of paid streaming services such as Spotify and Apple.

   This has boosted the value of music companies, attracting more investors back to the record industry.The music world's "big three" labels, Universal, Sony Music and Warner, control nearly 80% of the market, according to a report by Goldman Sachs.

   Taylor Swift signed with Universal in 2018, moving from a independent country label she had been with since she was 14-years-old.

Related Topics

     * Lady Gaga
     * Spotify
     * Drake
     * Taylor Swift
     * Music

Share this story About sharing

     * Email 
     * Facebook 
     * Messenger 
     * Messenger 
     * Twitter 
     * Pinterest 
     * WhatsApp 
     * LinkedIn 

More on this story

     * Taylor Swift signs her first record deal with a major label
       19 November 2018
       
     * Lady Gaga designer to create Blackpool Illuminations installation
       11 February 2020
       
     * Wiley: Why Ed Sheeran and Drake are 'culture vultures'
       12 September 2019
       

Top Stories

   Two officers shot during Breonna Taylor protests

   Anger erupts in the US over a decision not to charge police who shot dead a black woman in her home.
   24 September 2020
    Trump won't commit to peaceful transfer of power
   24 September 2020
    Ryan Reynolds in bid for UK soccer team
   24 September 2020
   

Features

   

Prince's Sign O' The Times: The troubled making of a masterpiece

   
   

'I've been accused of kidnapping my white child'

   
   

The pandemic is fuelling a surfing boom - in Ohio

   
   
   Video

‘Acts of kindness can help save lives’

   
   

How Navalny's team found Novichok bottle evidence

   
   

BBC Travel: An 8,000km underwater forest

   
   

How much gold is there left to mine in the world?

   
   

Chinese TV show accused of ‘erasing women’ in virus fight

   
   

Orphaned by genocide, reunited by WhatsApp

   

Elsewhere on the BBC

   

Football phrases

   

   15 sayings from around the world
   Full article Football phrases
   Why you can trust BBC News

BBC News Navigation

   Business Sections
     * Market Data
     * Global Trade
     * Companies
     * Entrepreneurship
     * Technology of Business
     * Connected World
     * Global Education
     * Economy

     * Home 
     * US Election 
     * Coronavirus 
     * Video 
     * World 
          + World Home
          + Africa
          + Asia
          + Australia
          + Europe
          + Latin America
          + Middle East
     * US & Canada 
          + US & Canada Home
     * UK 
          + UK Home
          + England
          + N. Ireland
          + Scotland
          + Wales
          + Politics
     * Business  selected
          + Business Home
          + Market Data
          + Global Trade
          + Companies
          + Entrepreneurship
          + Technology of Business
          + Connected World
          + Global Education
          + Economy
     * Tech 
     * Science 
     * Stories 
     * Entertainment & Arts 
     * Health 
     * In Pictures 
     * Reality Check 
     * World News TV 
     * Newsbeat 
     * Long Reads 

BBC News Services

     * On your mobile
     * On smart speakers
     * Get news alerts
     * Contact BBC News

Explore the BBC

     * Home
     * News
     * Sport
     * Weather
     * iPlayer
     * Sounds
     * CBBC
     * CBeebies
     * Food
     * Bitesize
     * Arts
     * Taster
     * Local
     * Three

     * Terms of Use
     * About the BBC
     * Privacy Policy
     * Cookies
     * Accessibility Help
     * Parental Guidance
     * Contact the BBC
     * Get Personalised Newsletters

   Copyright © 2020 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.