Meta Platforms (META) and Universal Music Group (UMGNF) announced a multi-year deal designed to create business opportunities for artists and songwriters on Facebook, Instagram and other Meta platforms including WhatsApp.
Pop stars including Taylor Swift, Adele, Billie Eilish and Elton John will soon have their music played and shared across WhatsApp.
Meta and Universal Music Group (UMG) announced on Monday the expansion of their multi-year music licensing agreement, which enables users to share songs from UMG's music library across Meta's platforms (Facebook, Instagram, Horizon, Threads, and WhatsApp) without violating copyright.
ONTARIO, CA AND LOS ANGELES, CA / ACCESSWIRE / August 12, 2024 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced that its SEC financial reporting software operates thousands of times faster than traditional manual methods. Financial reporting is the process through which an organization communicates its financial performance to stakeholders.
Universal Music Group (EURONEXT:UMG) has expanded its agreement with Meta Platforms to give new artists and songwriters access to the Facebook owner's social platforms. "UMG was the first major music company to license Facebook back in 2017 and this new agreement will further expand the possibilities for music within the meta ecosystem," said the company in a statement.
Universal Music Group (UMG), the world's biggest music label, announced on Monday an expanded agreement with Facebook-parent Meta Platforms to create new opportunities for its artists and songwriters across Meta's social platforms.
UVV engages in sourcing, processing, and supplying leaf tobacco and plant-based ingredients worldwide. Updated valuation using dividend discount model and price multiples suggests fair value of $66 per share, 20% upside potential. Quarterly highlights show revenue growth, positive earnings, and strong demand for products, supporting "buy" rating.
Universal Corporation (NYSE:UVV ) Q1 2025 Results Conference Call August 7, 2024 5:00 PM ET Company Participants Jennifer Rowe - Assistant Treasurer George Freeman - Chairman, President, and Chief Executive Officer Johan Kroner - Chief Financial Officer Conference Call Participants Ann Gurkin - Davenport Operator Good day, everyone, and welcome to today's Universal Corporation First Quarter Fiscal Year 2025 Earnings Call. [Operator Instructions] Please note, this session is being recorded.
Universal Corporation to release Q1 2025 earnings results on August 7 after market close. Short-term debt increased in FY 2024 to secure tobacco due to recent global shortage, raising interest expenses and liabilities. Tobacco operations revenue up, but the Ingredients segment faced headwinds with lower revenue and operating income.
UBS is keeping faith with Universal Music Group (EURONEXT:UMG) and reckons the recent slowdown in streaming growth is just temporary. Looking at the disappointing recent update, UBS concludes it is a temporary slowdown in global subscriber growth, as some major platforms feel the consequences of price rises without investment in their product, that will recover.
Universal Music Group shares plummeted 25% after the earnings announcement. Dependence on digital service providers, unexpected divergence from Spotify, and disconnect from artists' interests all contributed to the decline. Lack of transparency from management and an unpredictable business model mandate a downgrade to 'Hold'.
Universal Music Group shed around $15 billion off its value on Thursday after the world's biggest music label reported lower-than-expected streaming and subscription revenue for the second quarter.