ENXTAM:UMGEntertainment
Universal Music Group’s NetEase Cloud Music Deal And What It Might Mean For Valuation
Universal Music Group (ENXTAM:UMG) has signed a multi year licensing agreement with NetEase Cloud Music in China, expanding access to UMG’s global catalog and setting artist centric rules on artificial intelligence use.
See our latest analysis for Universal Music Group.
That China deal comes at a time when Universal Music Group’s share price stands at €21.08, with a 90 day share price return of an 11.54% decline and a 1 year total shareholder return of an 11.22% decline. This suggests recent...