A look at UMG and WMG's struggles as public companies amid AI fears, as investors favor predictable catalogs over labels whose earnings swing with star releases (Lucas Shaw/Bloomberg)
Lucas Shaw / Bloomberg:
A look at UMG and WMG’s struggles as public companies amid AI fears, as investors favor predictable catalogs over labels whose earnings swing with star releases — The two public record labels are struggling to excite investors — Good afternoon from Los Angeles and happy election week.