Key Takeaways Universal Music Group on Tuesday gave strong long-term guidance on gains in subscriptions, "superfan monetization," and partnerships.The label behind music superstars such as Taylor Swift and Drake anticipates that through 2028,

Universal Music Group NV, the record label that represents Taylor Swift, is targeting more than 7% sales growth for five years with the support of subscription and by accelerating superfan monetization.

Taylor Swift's music label Universal Music Group holds its first capital markets day on Tuesday, nearly two months after it posted lower-than-expected second quarter streaming and subscription revenue,

Universal Music CFO Boyd Muir said UMG was in advanced talks with Spotify over a superfan tier during the company's Capital Markets Day presentation.