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Follow us Get news via Twitter Become a fan Join us on Facebook Subscribe Net News via RSS The World s Biggest Music Entity, UMG Raising $3.5 Billion In Funding April 5, 2021 at 1:20 AM (PT) UMG s NYC HQ With an impending IPO on the horizon, the UNIVERSAL MUSIC GROUP, which has been spending to acquire catalogs and paying advances to artists, shelled out approximately $1.7B in 2020 according to MUSIC BUSINESS WORLDWIDE (MBW). About $400m was spent on acquiring the song catalog of BOB DYLAN (NET NEWS 12/7/20) . UNIVERSAL’S DUTCH company, UNIVERSAL MUSIC GROUP B.V., is front and center on the huge raise of capital ....
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