Universal Music Could Be More Valuable Than Spotify

Vivendi is considering an IPO of the world’s largest music company

From the invention of the phonograph in 1877 to the boom in streaming services today, the music industry has had to constantly adapt to emerging technology.
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Investors may soon be able to add Universal Music to their public-listing playlist. The world’s largest music group would offer a less risky way to tune into the industry’s revival than Spotify.

Universal Music’s owner, French media group Vivendi, said after markets closed Tuesday that its board would present the “initial findings” of a report into a potential initial public offering at May’s board meeting. Vivendi stock rose 4% Wednesday morning.

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