French media giant Vivendi could spark a content bidding war amid plans for a Universal music sell-off
says it will be a"game changer" for Vivendi, whose revenues increased by 10.7% against the same quarter last year.Universal Music Group works in recorded music, music publishing and merchandising, and owns more than 50 labels covering all genres.
"The minute any of these distribution platforms: iTunes, Spotify, even YouTube, wants content, they have to enter new licensing deals."The sale of Universal Music Group is potentially the first domino to fall in a wave of change in how music is distributed.They would have so much more power in leveraging all channels available to them to get their content to the ears of their customers.
“There’s the old fashioned guy who wants to buy a dollar for 50 or 60 cents, and he says, ‘You know what, over time the market reverts to the mean, and my cheap stocks are going to get revalued, and all I have to do is sit back and let the market forces work for me.' Now I call bulls**t on that."“That doesn't work anymore. That died. Why did it die? Because over the years there's more places for money to go, and the typical buyers of value stocks are disappearing.
"Yeah, we're not interested. We want the whole cigar. We want five or six cigars. We don't want puffs. When we find businesses going through smart strategic change, it’s like finding an unopened box of cigars!"With the automotive industry taking a hammering everywhere you look these days, from Ford to Tesla, no one seems to be coming out unscathed - despite companies' best efforts to drive value.
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