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How Spotify’s $109 Billion Market Cap Stacks Up Against Other Music and Entertainment Companies

Here's how Spotify's $109B market capitalization compares to other music and entertainment companies, including Universal, Warner and Sony Music.

Based on closing prices Monday (Feb. 3), Universal Music Group has a market cap — the value of outstanding shares — of $51.1 billion, amounting to less than half of Spotify’s. Assuming the companies have similar margins and growth prospects, Sony Music’s market cap could — but would not necessarily — equal UMG’s $51.1 billion. Sony Corp, a huge company that includes games, movies, TV and hardware, has a market cap of $133.7 billion.

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