Industry Sep 8, 2026
UMG Spends Nearly €1 Billion on Share Buybacks
In short
The €999.2 million outlay came in some €813,000 below the program's €1 billion headline figure as the first tranche closed under its own €500 million cap.
Originally published by
Music Business Worldwide
Universal Music Group (UMG) has repurchased a substantial volume of its own shares this year, amounting to €999.2 million. This figure is slightly below the program's stated target of €1 billion. The initial phase of the buyback program operated within its designated limit of €500 million. Originally reported by Music Business Worldwide.