Universal Music Group Shares Fall Nearly 9% on Pershing Stock Sale
The music business has earned a reputation for being recession-proof. In bad economic times, people still pay for their music subscription services and want to go to concerts. Some synch opportunities may dry up as advertisers make cutbacks, but overall, the music is a hearty business that doesn’t follow typical economic cycles. Music business stocks, however, aren’t immune to fluctuations in the market and investors’ worries about the increasingly fragile […]
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