Added to YB: 2026-02-10
Pitch date: 2026-02-07
UMG.AS [neutral]
Universal Music Group N.V.
-1.65%
current return
Author Info
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Company Info
Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments.
Market Cap
EUR 35.1B
Pitch Price
EUR 19.75
Price Target
N/A
Dividend
2.72%
EV/EBITDA
16.99
P/E
13.56
EV/Sales
3.15
Sector
Entertainment
Category
N/A
Why I Don’t Own Universal Music Group (Despite Loving the Business)
UMG.AS (pass): Music industry structural headwinds as gatekeeping model collapses. Artists going independent w/ direct distribution via social platforms, reducing label dependency. Cultural memory shrinking, hits lasting months not decades. Power shifting to creators/platforms/algorithms vs labels. Well-run profitable co but slowly leaking power/moat erosion.
Read full article (3 min)