DigitalMusicNews
Pershing Square Holdings is unconcerned by Universal Music Group’s recent subscription slowdown, calling it ‘short term in nature.’ Universal Music Group’s revenues in Q2 saw 10% growth year-over-year, but analysts are disappointed in the major label’s slowdown in subscription streaming revenues, which only saw 6.9% growth in the same quarter…
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Pershing Square Holdings, Which Owns 10% of UMG, Calls the Label’s Recent Subscription Slowdown ‘Short Term in Nature’
Blythe Volkman
10:58
Pershing Square Holdings is unconcerned by Universal Music Group’s recent subscription slowdown, calling it ‘short term in nature.’ Universal Music Group’s revenues in Q2 saw 10% growth year-over-year, but analysts are disappointed in the major label’s slowdown in subscription streaming revenues, which only saw 6.9% growth in the same quarter…
