Vivendi SE’s spinoff of Universal Music Group , expected Tuesday, will leave the French conglomerate bereft of its most lucrative business and will test the market’s appetite for music as an asset class.
The world’s largest music company, behind stars including Taylor Swift, Drake and the Beatles, will debut on Amsterdam’s Euronext stock exchange with shares to be distributed to Vivendi’s investors. The move comes amid rising interest in the resurgent music business as an investment and following a recent boom in the value of music catalogs, music-streaming companies and technology for creators.
