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18 Dec 2023

$50B

Universal Music Group Valuation, Highest in 2 Years

The leading music label, Universal Music Group, has appreciated by a significant 12.39% in share value this year, reaching an overall value exceeding [$50B](https://billboardphilippines.com/market/industry-news/universal-music-group-hits-value-of-over-usd-50-billion-with-highest-firm-share-value-in-2-years/), a peak unmatched in two years. UMG's growth is partly attributed to its '[artist-centric' royalty model](https://billboardphilippines.com/market/industry-news/universal-music-group-hits-value-of-over-usd-50-billion-with-highest-firm-share-value-in-2-years/), changing compensation structures for artists on platforms like Deezer in France. This approach influenced Spotify's royalty model changes in early 2024. UMG's revenues in the first nine months of 2023 increased [by 9.4%](https://www.musicbusinessworldwide.com/universal-music-group-is-worth-more-than-50-billion-as-firms-share-price-hits-highest-point-in-2-years/) year-over-year.