Universal Music Group Plans IPO In 2022
France-based Vivendi plans to have an initial public offering for Universal Music Group in 2022. The news came as the company reported financial results for the third quarter, with UMG posting a 3%...
View ArticleUniversal Music Group Launches TV & Film Division Mercury Studios, Led By...
Universal Music Group has launched a new TV and film studio and has set a former BBC executive to run it. The record label behind groups such as Nirvana and Sonic Youth has established Mercury Studios...
View ArticleVivendi Confirms Talks To Sell Stake In Universal Music Valuing Company At $42B
French media giant Vivendi has confirmed it is in talks to sell a 10% stake in Universal Music Group to hedge fund billionaire Bill Ackman’s Pershing Square Tontine Holdings in a deal that values the...
View ArticleVivendi Sells 10% Stake in Universal Music Group to Bill Ackman’s Pershing...
French media giant Vivendi has reached a deal to sell a 10% stake in Universal Music Group to hedge fund billionaire Bill Ackman’s Pershing Square in a deal that values the music company at more than...
View ArticleVivendi’s Bid To Sell 10% Universal Music Stake To Bill Ackman SPAC...
Pershing Square Tontine Holdings, the SPAC founded by hedge fund billionaire Bill Ackman, has pulled out of a deal to acquire 10% of Universal Music Group from French media giant Vivendi. In a...
View ArticleUniversal Music Group IPO In Amsterdam Boosts Company’s Value To $53B After...
Universal Music Group shares jumped 39% in their first trading day on the Euronext Amsterdam exchange. The company, which controls artists like Taylor Swift and Drake as well as a vast publishing...
View ArticleBBC Studios Partners With Mercury On Music Formats; Banijay’s Terence Films...
BBC Studios Partners With Mercury On Music Formats BBC Studios has struck a development deal with Universal Music Group’s Mercury Studios to create a pipeline of music-driven shows. The partnership...
View ArticleNeil Diamond Sells Song Catalog, Including Trove Of Unreleased Tracks, To...
Neil Diamond, whose decades-long career has spawned hits including “Sweet Caroline,” has sold his song catalog to Universal Music Publishing Group. Financial terms were not disclosed, but a flurry of...
View ArticleUniversal Music Group, McDonald’s, Coca-Cola & More Suspend Business In Russia
Universal Music Group has become one of the latest media companies to suspend operations in Russia amid the country’s invasion of Ukraine. The music publishing giant on Tuesday said it was closing its...
View ArticleQueen Music Catalog Could Soon Sell For $1B – Report
The music catalog of rock band Queen could soon sell for more than $1 billion, CNN is reporting. Citing an anonymous source, CNN says a deal is underway for Universal Music Group to acquire the catalog...
View ArticleYouTube Sets Its “AI Music Principles” And Partners With Universal Music...
With artificial intelligence currently front and center across the creative community, YouTube has published a set of AI music principles and launched something it’s calling the YouTube Music AI...
View ArticleUniversal Music Group, Home Of Taylor Swift, Plans Layoffs – Reports
Universal Music Group is planning what may become hundreds of job cuts to its recorded music division in its first quarter, according to numerous reports. A company spokesperson confirmed the layoffs...
View ArticleSean Combs Slammed With $30M Sexual Assault & Trafficking Suit By His Own...
Sean Combs is already facing several sexual assault lawsuits, and now the producer of his latest release The Love Album: Off The Grid is going after the performer for $30 million in a biting legal...
View ArticleHYBE, K-Pop Home To BTS, Expands Deal With Universal Music Group
K-pop music purveyors HYBE today announced an expanded long-term agreement with Universal Music Group (UMG), providing them exclusive distribution rights across HYBE music for the next 10 years. HYBE...
View ArticleAs Universal Music-TikTok Fight Continues, Company Sets Expansion Of...
As its public dispute with TikTok continues, Universal Music Group has set an expanded strategic relationship with Spotify. The new agreement will “further amplify music discovery and social...
View ArticleTaylor Swift’s Music Reappears On TikTok Amid Ongoing Dispute Between...
Amid the ongoing dispute between TikTok and Universal Music Group, some music from that label’s biggest artist, Taylor Swift, has reappeared on the social media platform. Universal Music pulled its...
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