Munich/Berlin, November 17, 2017 – Esteemed independent label ECM Records today announced they are expanding their partnership with long-standing distribution partner, Universal Music Group (UMG), the world leader in music based entertainment to bring the entire ECM catalogue to major streaming platforms on Friday November 17, 2017. UMG’s IPO will drop by 2023, per Vivendi execs. Moreover, UMG won’t be the only Big Three company to go public. Music Business Worldwide Vivendi Teases Universal Music IPO Public stock offering for the label of Billie Eilish, Taylor Swift and Drake is planned for 2023 at the latest Singer Billie Eilish is signed to Universal Music. Renowned for contemporary, jazz and classical music… Universal Music Group is the world’s leading music company. We own and operate a broad array of businesses in more than 60 countries.

Universal Music Group (UMG) could potentially fetch a $40 billion valuation on Wall Street — and they’re saying it out loud.

Universal Music Group, led by CEO and Chairman Sir Lucian Grainge (pictured), turned over $8.04bn (€7.16bn) last year across recorded music, publishing and other activities.

This number was up by 18.9% year-on-year, or 14.0% at constant currency. Buried in Vivendi’s earnings report released today is the blockbuster news that its subsidiary Universal Music Group is planning an IPO within the next three years.

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