universal music group news

Universal Music Group, Bill Ackman and Pershing Square

Bill Ackman’s Pershing raises $1.4 billion in Universal Music Group stake sale

The placement comes as Taylor Swift’s record label plans a U.S. share sale agreed in order to fulfill an agreement with Pershing Square.

Variety on MSN · 2d

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.

Markets Insider · 2d

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

MarketWatch · 1d

Universal Music Shares Fall After Ackman's Pershing Decides to Cut Stake

Shares in Universal Music Group fell after hedge fund manager Bill Ackman said his Pershing Square firm would reduce its stake in the world's largest music company. Shares traded 6.9% lower to 25.97 euros in early European trading, but have risen 5.1% in the year to date.

Bloomberg on MSN · 1d

Ackman’s Pershing Raises $1.4 Billion in UMG Stake Sale

A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square raised more than €1.3 billion ($1.4 billion) from the sale of about a 2.7% stake in the world’s largest music company.

Iggy Azalea Claims Universal Music Owes Her ‘Millions Of Dollars’ In Royalty Back Pay

It appears Drake isn’t the only recording artist that has an issue with UMG. Today (March 15), Iggy Azalea slammed Universal ...

Music Business Worldwide4d

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 Catalog Market Shaking Off Shaky 2024 With Revitalized 2025. Here’s Why

A year after the fall of Hipgnosis, and the music publishing industry is still closing massive catalog deals and expanding ...

Billboard3d

Pershing Square to Sell $1.5 Billion of Universal Music Group Shares

By Glenn Peoples Hedge fund Pershing Square Holdings is parting with 50 million shares of one of its most prized assets, Universal Music Group (UMG). The sale of 50 million shares ...

10don MSN

Drake Wants to See Universal Music Group’s Emails About Kendrick Lamar’s Diss Track

The rapper, who settled with iHeartMedia, suspects that the major label made secret payments and offered reduced licensing ...

8don MSN

Universal Music Revenue Beats Estimates as Subscribers Rise

Universal Music Group NV, the record label for artists such as Taylor Swift and Billie Eilish, reported sales that topped ...

Universal Music Group: Not There Yet, But Heading In The Right Direction

Universal Music Group's Q4 earnings exceeded expectations. Read here for an update on UMGNF stock's growth challenges, and ...

2don MSN

Alicia Keys to Honor Gracie Abrams at She Is The Music Event

"When women really create sisterhood and community and push each other forward, that’s when we’re going to see real change,” ...

Axios on MSN4d

Mental health crisis in the music industry inspires new initiative

There is a mental health crisis in the music industry, many insiders agree. A Nashville nonprofit is teaming up with ...

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