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Universal Music Group’s Capital Markets Day Hit the Right Notes, Analysts Say
Reviews of UMG's presentation, which featured talks by CEO Lucian Grainge and other top executives, varied from zealous to merely positive.
Universal Music Group hit enough right notes during its first Capital Markets Day (CMD) presentation since before going public in 2021, judging from Billboard ’s review of a handful of equity analysts’ comments on Tuesday’s event. Reviews of the presentation from London’s Abbey Road Studio, which featured talks by CEO Lucian Grainge and other top executives, varied from zealous to merely positive. In other words, UMG believes it can achieve the same high single-digit growth rate that initially lured streaming-hungry investors when the company broke off from Vivendi three years ago.
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