Highlighting $PSTH / $UMG spaces and expert interviews
Whelp, we finally have an official PSTH / UMG deal…. and, as I predicted, an enormous slide deck with some overly complicated slides to explain it all!
I’ve continued to do a lot of work on UMG and the music space in general since my “final pre-deal” post on PSTH / UMG. Nothing I’ve seen or researched since then has changed my mind: I think the UMG deal is a masterstroke that the market is going to warm up to over time, I think PSTH from now until redemption close is a unique risk reward, and I think the remaining pieces of PSTH (remainco and SPARC) are going to present unique opportunities going forward (I believe Bill called remainco “the world’s greatest acquisition company” during the call this morning).
Anyway, my work on PSTH and UMG remains a work in progress. I just wanted to highlight two things I’m doing that might be of interest to you, the reader.
I’m doing a Twitter Space at 7 PM EST tonight (June 23). I’ll be breaking down the PSTH deal and answering any questions on UMG, the deal structure, or anything else that’s of interest. Perhaps more importantly, I’ve talked to a lot of people who are much smarter than me on UMG and/or PSTH, and I believe many of them will be on as well. The last space we did on PSTH was hugely informative and fun; I have every expectation that this one will be as well!
If you’re interested, I’d love to have you join the Space! As far as I know, there’s no way to record a space, so unfortunately I can’t offer a replay or anything. But if you’re free at 7 PM EST, just head on over to Twitter Space and I’ll “see” you there!
The team at In Practise (who have also made a podcast appearance!) are setting me up with some expert calls on the music space. I can’t give the specifics of the executives, but in general these are people who are/were at the highest level of the music industry (high enough that they have their own wikipedia pages!). Why does that matter for you, the reader?
First, if you have any questions for former music execs, please drop them in the comments or slide into my twitter DMs, and I’ll try to ask them!
Second, no promises, but I believe the In Practise team will make one or two of the interviews publicly available (i.e. even if you don’t subscribe to In Practise, you can check the interview out). I’ll link to the interviews if/when they become available, but I think it’s a really nice gesture on their end and it should help to learn even more about the music industry!
Looking forward to chatting at 7 PM EST tonight!
You're doing great Andrew! I was skeptical that Vivendi shareholders would approve it but I liked the deal, your writing really put it in plain light. And you really called it, they ended up approving the deal, so really good stuff!
From what I understand Twitter will make Spaces recordings available to hosts now, you have to go to settings and download all of your Twitter data, not jus the one session you want. But it could potentially also contain a recording of your last Spaces? Might be worth checking out in case you wanted to host the recordings somewhere?