Vivendi’s intention to carry ahead the IPO of its music labels, Universal, with artists comparable to Taylor Swift and Lady Gaga are beneath contract. Plans for the IPO within the 12 months 2022, are at the moment being examined.
The French media group Vivendi is contemplating an IPO of its worthwhile music labels, Universal Music is already in 2022, one 12 months sooner than beforehand focused. “We are, in fact, inclined to the original Plan, to anticipate,” stated Vivendi CEO Arnaud de Puyfontaine.
The income from an IPO (Initial Public Offering, i.e. IPO) of Universal, house to artists comparable to Taylor Swift, Drake, or Lady Gaga, may very well be used to repay debt, to Fund share repurchase packages and any Acquisitions. Vivendi elevated within the third quarter, consolidated gross sales at fixed trade charges by 0.7 p.c to round 4 billion euros (about 4.29 billion Swiss francs), with the biggest division, Universal achieved a plus in gross sales of 6.1 p.c.