UMG CEO: ‘Streaming will continue to propel many years of industry growth.’

Universal Music Group hosted its 2024 Capital Markets Day in London on Tuesday at the iconic Abbey Road Studios (which is owned by UMG). The event was kicked off by UMG Chairman and CEO Sir Lucian Grainge. “Fact number one”, according to Grainge, is that “streaming has resulted in a quantum leap forward in music access and monetization and streaming will continue to propel many years of industry growth.”

Source: Read Sir Lucian Grainge’s Universal Music Capital Markets day opening address in full: ‘Streaming will continue to propel many years of industry growth.’

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