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View all search resultsUniversal Music Group UMG.AS is capitalizing on the popularity of non-fungible tokens by acquiring one of the cartoon apes that have taken the world of digital collectibles by storm to lead an entirely virtual music group.
British singer-songwriter Sting has sold the entire catalog of his music career to Universal Music Publishing Group (UMPG), the company said on Thursday, in the latest such move by an artist to cash in on their work.
The music giant, whose artists include The Beatles and Taylor Swift, was floated by its owner, French media giant Vivendi, with shares jumping from a debut price of 18.50 euros to 25.52 euros (29.9 dollars) at 0720 GMT.
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