Universal Music Group spent $459m on catalog acquisitions last year… less than half what it spent in 2020

According to a new investor presentation given by UMG’s EVP/CFO Boyd Muir – that Universal does not consider participation in the catalog buyout gold-rush as “required” to satisfy its core future business objectives. According to that investor presentation handed to shareholders today (March 3), Universal spent €388 million (USD $459m) on catalog rights last year.

Source: Universal Music Group spent $459m on catalog acquisitions last year… less than half what it spent in 2020

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