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2021-09-21

I mean let’s see in the long run

Universal Music Shares Soar in Market Debut<blockquote>环球音乐股价首次上市飙升</blockquote>

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Shares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of confidence from investors in continued growth in the music industry.<blockquote>全球最大音乐公司的股价上涨近40%。泰勒·斯威夫特(Taylor Swift)、德雷克(Drake)和披头士(Beatles)等明星背后的环球音乐集团(Universal Music Group NV)的股价在首次交易中飙升，这是投资者对音乐行业持续增长的强烈信任票。</blockquote> In early trading, the company’s stock rose 38% above the reference price of 18.50 euros, set Monday evening by the Euronext exchange in Amsterdam. At the current price, the world’s largest music company, which is being spun off from French media conglomerateVivendi SE,has a valuation of more than €45 billion, equivalent to $52.75 billion.<blockquote>早盘交易中，该公司股价较阿姆斯特丹泛欧交易所周一晚间设定的18.50欧元参考价上涨38%。按照目前的价格，这家正在从法国媒体集团Vivendi SE分拆出来的全球最大音乐公司估值超过450亿欧元，相当于527.5亿美元。</blockquote> In August, Universal was valued at €33 billion, when billionaire William Ackman boughta 10% interestthrough his Pershing Square Holdings Ltd. hedge fund.<blockquote>8月，亿万富翁威廉·阿克曼(William Ackman)通过其潘兴广场控股有限公司(Pershing Square Holdings Ltd.)对冲基金购买了环球影业10%的股份，其估值为330亿欧元。</blockquote> Analysts say Universal offers an attractive way for investors to participate in the music market. Competitor Sony Music Entertainment is accessible only as a small piece of Japanese conglomerateSony GroupCorp., whileWarner Music GroupCorp.has less than 15% of its stock listed publicly and is controlled by billionaire Len Blavatnik.<blockquote>分析师表示，环球为投资者参与音乐市场提供了一种有吸引力的方式。竞争对手索尼音乐娱乐公司只是日本企业集团索尼集团公司的一小部分，而华纳音乐集团公司公开上市的股票不到15%，由亿万富翁莱恩·布拉瓦尼克(Len Blavatnik)控制。</blockquote> The music industry’s fortunes started to turn around in 2016, when the growth from streaming services began to outweigh a 15-year decline in CD sales amid rampant online piracy. Sales of recorded music grew 9.2% last year to $12.2 billion as subscriptions to streaming services reached new highs during the Covid-19 pandemic.<blockquote>音乐行业的命运在2016年开始扭转，当时流媒体服务的增长开始超过CD销量在网络盗版猖獗的情况下15年来的下降。随着流媒体服务的订阅量在Covid-19大流行期间创下新高，去年录制音乐的销售额增长了9.2%，达到122亿美元。</blockquote> Universal said in August that it was targeting revenue growth of more than 10% this year, and that it was expecting earnings before interest, taxes, depreciation and amortization to grow more than 20%.<blockquote>环球8月份表示，今年的收入增长目标是10%以上，预计息税折旧摊销前利润将增长20%以上。</blockquote> Vivendi shares, meanwhile, dropped more than 20% in early trading in Paris. The French company is now left with businesses that include French pay-TV group Canal Plus, ad-holding firm Havas and publishing company Editis, as well as small divisions like the videogame maker Gameloft.<blockquote>与此同时，维旺迪股价在巴黎早盘交易中下跌超过20%。这家法国公司现在剩下的业务包括法国付费电视集团Canal Plus、广告控股公司Havas和出版公司Editis，以及视频游戏制造商Gameloft等小部门。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Universal Music Shares Soar in Market Debut<blockquote>环球音乐股价首次上市飙升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUniversal Music Shares Soar in Market Debut<blockquote>环球音乐股价首次上市飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-09-21 16:22\n\n</h4>\n</header>\n<article>\n Shares in world’s largest music company jump almost 40%. Shares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of confidence from investors in continued growth in the music industry.<blockquote>全球最大音乐公司的股价上涨近40%。泰勒·斯威夫特(Taylor Swift)、德雷克(Drake)和披头士(Beatles)等明星背后的环球音乐集团(Universal Music Group NV)的股价在首次交易中飙升，这是投资者对音乐行业持续增长的强烈信任票。</blockquote> In early trading, the company’s stock rose 38% above the reference price of 18.50 euros, set Monday evening by the Euronext exchange in Amsterdam. At the current price, the world’s largest music company, which is being spun off from French media conglomerateVivendi SE,has a valuation of more than €45 billion, equivalent to $52.75 billion.<blockquote>早盘交易中，该公司股价较阿姆斯特丹泛欧交易所周一晚间设定的18.50欧元参考价上涨38%。按照目前的价格，这家正在从法国媒体集团Vivendi SE分拆出来的全球最大音乐公司估值超过450亿欧元，相当于527.5亿美元。</blockquote> In August, Universal was valued at €33 billion, when billionaire William Ackman boughta 10% interestthrough his Pershing Square Holdings Ltd. hedge fund.<blockquote>8月，亿万富翁威廉·阿克曼(William Ackman)通过其潘兴广场控股有限公司(Pershing Square Holdings Ltd.)对冲基金购买了环球影业10%的股份，其估值为330亿欧元。</blockquote> Analysts say Universal offers an attractive way for investors to participate in the music market. Competitor Sony Music Entertainment is accessible only as a small piece of Japanese conglomerateSony GroupCorp., whileWarner Music GroupCorp.has less than 15% of its stock listed publicly and is controlled by billionaire Len Blavatnik.<blockquote>分析师表示，环球为投资者参与音乐市场提供了一种有吸引力的方式。竞争对手索尼音乐娱乐公司只是日本企业集团索尼集团公司的一小部分，而华纳音乐集团公司公开上市的股票不到15%，由亿万富翁莱恩·布拉瓦尼克(Len Blavatnik)控制。</blockquote> The music industry’s fortunes started to turn around in 2016, when the growth from streaming services began to outweigh a 15-year decline in CD sales amid rampant online piracy. Sales of recorded music grew 9.2% last year to $12.2 billion as subscriptions to streaming services reached new highs during the Covid-19 pandemic.<blockquote>音乐行业的命运在2016年开始扭转，当时流媒体服务的增长开始超过CD销量在网络盗版猖獗的情况下15年来的下降。随着流媒体服务的订阅量在Covid-19大流行期间创下新高，去年录制音乐的销售额增长了9.2%，达到122亿美元。</blockquote> Universal said in August that it was targeting revenue growth of more than 10% this year, and that it was expecting earnings before interest, taxes, depreciation and amortization to grow more than 20%.<blockquote>环球8月份表示，今年的收入增长目标是10%以上，预计息税折旧摊销前利润将增长20%以上。</blockquote> Vivendi shares, meanwhile, dropped more than 20% in early trading in Paris. The French company is now left with businesses that include French pay-TV group Canal Plus, ad-holding firm Havas and publishing company Editis, as well as small divisions like the videogame maker Gameloft.<blockquote>与此同时，维旺迪股价在巴黎早盘交易中下跌超过20%。这家法国公司现在剩下的业务包括法国付费电视集团Canal Plus、广告控股公司Havas和出版公司Editis，以及视频游戏制造商Gameloft等小部门。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/universal-music-shares-soar-in-market-debut-11632210839?mod=business_lead_pos3\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/universal-music-shares-soar-in-market-debut-11632210839?mod=business_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172290939","content_text":"Shares in world’s largest music company jump almost 40%.\n\nShares of Universal Music Group NV—behind stars including Taylor Swift, Drake and the Beatles—surged intheir trading debut, a strong vote of confidence from investors in continued growth in the music industry.\nIn early trading, the company’s stock rose 38% above the reference price of 18.50 euros, set Monday evening by the Euronext exchange in Amsterdam. At the current price, the world’s largest music company, which is being spun off from French media conglomerateVivendi SE,has a valuation of more than €45 billion, equivalent to $52.75 billion.\nIn August, Universal was valued at €33 billion, when billionaire William Ackman boughta 10% interestthrough his Pershing Square Holdings Ltd. hedge fund.\nAnalysts say Universal offers an attractive way for investors to participate in the music market. Competitor Sony Music Entertainment is accessible only as a small piece of Japanese conglomerateSony GroupCorp., whileWarner Music GroupCorp.has less than 15% of its stock listed publicly and is controlled by billionaire Len Blavatnik.\nThe music industry’s fortunes started to turn around in 2016, when the growth from streaming services began to outweigh a 15-year decline in CD sales amid rampant online piracy. Sales of recorded music grew 9.2% last year to $12.2 billion as subscriptions to streaming services reached new highs during the Covid-19 pandemic.\nUniversal said in August that it was targeting revenue growth of more than 10% this year, and that it was expecting earnings before interest, taxes, depreciation and amortization to grow more than 20%.\nVivendi shares, meanwhile, dropped more than 20% in early trading in Paris. 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