Universal Music Group’s stock closed up 11% on Thursday, one day after the company reported it saw a 10.6% rise in recorded music subscription revenues in the second quarter thanks to higher streaming subscription prices. UMG’s stock closed at €24.21 ($26.63) on Thursday, up 11% from the prior day’s close. The world’s largest music company’s stock is up 4.88% so far this year. Spotify, YouTube Music, Apple Music, Amazon Music and other streaming services have raised the price of some of their most popular subscriptions over the past year. UMG, which was the first major label to report quarterly earnings on Wednesd
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