Universal Music Shares Fall After Ackman’s Pershing Decides to Cut Stake
Hedge fund manager Bill Ackman said his Pershing Square firm would reduce its stake in the world’s largest music company.
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Greed, gaslighting and NDAs: How record labels get rich while artists suffer
Record sales were at an all-time high in 2024, and Spotify paid out $10bn in royalties - but most of that money is going to ...
Will the next wave of British music stars break through?
Slinky soul singer Olivia Dean and art-rock band The Last Dinner Party join the gathering convened by Universal Music Group boss Lucian Grainge of the label’s global chiefs, summoned to take a new ...
Digital Music News on MSN9h
Pershing Square Sells Roughly $1.5 Billion In UMG Shares Ahead of US Secondary Listing — But Ackman’s Still Very, Very Bullish
Bill Ackman’s Pershing Square has raked in roughly $1.5 billion in the sale of a 2.7% stake in Universal Music Group ahead of ...
Pershing Square to Sell $1.5 Billion of Universal Music Group Shares
Pershing Square Holding will sell $1.5 billion worth of Universal Music Group shares on the Euronext Amsterdam exchange.
Bill Ackman’s Pershing Square to Raise $1.4 Billion From Sale of 2.7% of Universal Music Group
Bill Ackman’s Pershing Square expects to raise $1.4 billion from the sale of a 2.7% stake in Universal Music Group.
Pershing Square files to sell 50M Universal Music shares
Pershing Square Holdings announces the launch of a sale of 50M ordinary shares in Universal Music Group (UMGNF), corresponding to approximately ...
Music Business Worldwide2d
Universal spent $1bn+ on investments in 2024… and 5 other things we learned on UMG’s latest earnings call
Universal Music Group published its Q4 and FY 2024 results on Thursday (March 6), posting overall revenues in FY 2024 (across recorded music, publishing, and more) of EUR €11.83 ...
Music Business Worldwide4d
Manning Doherty to exit board of Universal Music Group
Universal Music Group announced Monday (March 10) that non-executive director Manning Doherty will step down from the company ...
Complete Music Update6d
Universal will spend billions to dominate emerging markets, says Grainge during Q4 earnings call as major sets out its “eat the world” strategies
On yesterday’s Universal Music earnings call CEO Lucian Grainge revealed plans to spend billions on global acquisitions, targeting emerging markets where “massive piracy” previously prevented ...
Universal Music impresses with strong Q4 subscription growth
Dutch-American music record label Universal Music Group impressed with its fourth-quarter results on Friday, with strong subscription revenues driving top-line growth above analysts' expectations.
Complete Music Update7d
Indie label groups slam Universal as Amazon deal and yet another acquisition raise more red flags
Indie label trade groups have again aired their concerns about Universal Music’s market dominance in the wake of yet another acquisition by the major. They add that Universal uses that dominance to fo ...