UMG investor presentation reveals major's plans for superfans and streaming growth
Universal Music Group presented a strategic business outlook at Abbey Road Studios, forecasting significant revenue growth driven by subscription services and superfans. CEO Sir Lucian Grainge highlighted the potential of monetising superfans through innovative products, premium merchandise, and unique experiences. The company aims for substantial subscriber growth by 2028, indicating that current music streaming remains under-monetised despite recent advancements and market opportunities.
Published on Wednesday, September 18, 2024 at 6:00 AM
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