MI363: Valuing Universal Music Group w/ Shawn O'Malley

This podcast episode provides a detailed analysis of Universal Music Group (UMG), a major music label, focusing on its business model, financial performance, and future prospects. The host discusses UMG's competitive advantages, including its extensive music catalog and relationships with top artists, and examines the impact of streaming services and emerging technologies like AI. He also analyzes UMG's valuation, comparing it to other companies and highlighting its relatively stable and predictable cash flows. The episode concludes with the host's assessment that UMG is a high-quality, though not necessarily cheap, investment option for long-term investors. For example, the host notes that UMG's operating margin rose 6 percentage points from 2015 to 2021 due to the growth of streaming.