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Music Companies’ Stock Market Stumble: Why It’s Happening

It’s a tough time to be a publicly traded music company.   Often the bellwether for the music industry, Universal Music Group’s (UMG) stock is down nearly 35% so far in 2026, trading at 14.27 euros ($16.20). Though an entirely different kind of music company, Spotify’s stock is also down — 15% to $487.38 per share — while another publicly traded major, Warner Music Group, has…

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