Universal Music Backs Lucian Grainge Amid Takeover Bid by Bill Ackman

UMG said it "will review the proposal in accordance with its fiduciary duties" after Ackman's Pershing Square unveiled its bid late Monday.

The Hollywood Reporter
Kevin Shivers Named Co-President of Music at The Team

Shivers' promotion marks one of the most notable leadership developments since the agency rebranded from its Wasserman moniker in March.

The Hollywood Reporter
Warner Music Buys Distributor Revelator In Bid to Capitalize on Indie Market

The major label's deal follows UMG's acquisition of Downtown Music and Concord's purchase of Stem.

The Hollywood Reporter
At NCAA’s March Madness, Music Is a Big Business This Year, Too

The Chainsmokers will perform at the first ever "Bridge Show" between the two Final Four games this weekend, while other sports organizations like FIFA are increasing their musical footprint as well.

The Hollywood Reporter
John Legend Parts Ways With Longtime Manager, Signs With Roc Nation (Exclusive)

The singer had been repped by Ty Stiklorius and her management firm Friends at Work.

The Hollywood Reporter
Ezekiel Lewis Promoted to CEO at Epic Records

Lewis's appointment comes six months after Sylvia Rhone stepped down from the Sony Music Group label last September.

The Hollywood Reporter
Supreme Court Overturns $1 Billion Judgment in Music Piracy Case, Setting Back Major Labels

"A company is not liable as a copyright infringer for merely providing a service to the general public with knowledge that it will be used by some to infringe copyrights," Supreme Court justice Clarence Thomas wrote.

The Hollywood Reporter
Primary Wave Acquires Major Indie Music Publisher Kobalt

The deal turns Primary Wave into one of the biggest music companies in the business.

The Hollywood Reporter
Lorde Confirms She’s Now an Independent Artist, Announces Deal With UMG Has Ended

"I’m sure I’ll have a deal again, could well be with Universal," Lorde said but added that "I knew that I needed to take a second to have nothing being bought or sold that comes from me."

The Hollywood Reporter
Bruno Mars Inks Publishing Deal With Avex Music Group

“Bruno Mars is one of the most culturally impactful songwriters of his generation. We are honored to partner with him and support his future works through this global publishing relationship," Avex Inc CEO Katsumi Kuroiwa said.

The Hollywood Reporter