Universal Music Group’s Value Triples to $22 Billion Under Lucian Grainge

News of Universal Music Group’s $22 billion valuation, revealed on April 25 by Vincent Bolloré, chairman of parent company Vivendi SA, has caused a stir in the music world as the industry works its way out of a 15-year slump. The figure, tossed out by Bolloré at a Tuesday general shareholder meeting in Paris, indicates a three-fold increase since the unit’s last... Read more » Shirley Halperin