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Last week in media: Universal Music, Amazon, Fortnite and EU regulation having an impact
2019-02-18 15:06:00| Telecompaper Headlines
(Telecompaper) Music companies, or those predominantly active in the music segment, did well last week. Spotify's share price ended week 7 up 10.3 percent, slightly ahead of Tencent Music's 10.0 percent gain. Vivendi won 8.2 percent on rumours of planning to sell around 50 percernt of Universal Music Group. Apple's name surfaced in the press as a candidate, as UMG's valuation would even eclipse Vivendi's. Stingray (+13%) was the week's winner, worst in came Naver (-4.5%) and Lions Gate (-4.3%).
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Category:Telecommunications