UMG’s Stock Up 11% On Revenue Boost From Streaming Price Hikes

UMG’s Stock Up 11% On Revenue Boost From Streaming Price Hikes

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Universal Music Group’s stock closed up 11% on Thursday, one day after the company reported it saw a 10.6% rise in recorded music subscription revenues in the second quarter thanks to higher streaming subscription prices. UMG’s stock closed at €24.21 ($26.63) on Thursday, up 11% from the prior…

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