bing news | Bill Ackman's Pershing Square to exit Universal Music stake
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UMPG Australia and Pacific President Andrew Jenkins to Depart After Nearly Two Decades
BBC News | Universal rejects billionaire Bill Ackman's takeover bid
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Universal Music Group rejected billionaire Bill Ackman's Pershing Square $64.3 billion takeover offer, saying it fundamentally undervalues the business and is not in the best interests of shareholders, artists, fans and other stakeholders. The board, confident in CEO‑chairman Sir Lucian Grainge’s strategy, highlighted that the firm runs iconic assets such as Abbey Road Studios and labels like EMI and Island Records, and promised enhanced financial disclosures to better assess its value. Ackman had launched the bid in April, arguing the share price had languished due to financial issues unrelated to its music performance, and blamed a large stake held by the Bolloré Group and a delayed NYSE listing for holding the deal back. Bolloré’s chief executive opposed the offer as well. Universal reaffirmed its commitment to leading the global music industry through innovation, signing top talent and deepening fan engagement, amid ongoing industry challenges such as royalty debates and AI‑generated deepfake songs.
Read more: https://www.bbc.com/news/articles/cn8pnd9yj4eo?at_medium=RSS&at_campaign=rss
#BillAckman #UniversalMusic #PershingSquare #BollorGroup #LucianGrainge
𝗨𝗻𝗶𝘃𝗲𝗿𝘀𝗮𝗹 𝗠𝘂𝘀𝗶𝗰 𝘃𝗲𝗿𝘄𝗲𝗿𝗽𝘁 𝗼𝘃𝗲𝗿𝗻𝗮𝗺𝗲𝗯𝗼𝗱 𝘃𝗮𝗻 𝗺𝗶𝗹𝗷𝗮𝗿𝗱𝗮𝗶𝗿 𝗔𝗰𝗸𝗺𝗮𝗻
Muziekconcern Universal Music Group (UMG) verwerpt het ongevraagde overnamebod van de Amerikaanse miljardair Bill Ackman. UMG, met bekende artiesten als Taylor Swift en Harry Styles, zegt dat het bod van Ackman van 56 miljard euro veel te laag is en geen "superieure waardecreatie" levert. Het...
Muziekconcern Universal Music Group (UMG) verwerpt het ongevraagde overnamebod van de Amerikaanse miljardair Bill Ackman. UMG, met bekende artiesten als Taylor Swift en Harry Styles, zegt dat het bod van Ackman van 56 miljard euro veel te laag is en geen "superieure waardecreatie" levert. Het bedrijf stelt ook dat er sterke consensus is in het bestuur bij het besluit om het bod te verwerpen.
RE: https://flipboard.com/@time/top-stories-088ho5dkz/-/a-4thb5Y1yQI2g6SORq7Kwyw%3Aa%3A3195429-%2F0
While the #EU explores fairer #Copyright & #Web3 models for creators, Trump-aligned billionaire Bill Ackman is trying to expand his influence over global #music #infrastructure via #UniversalMusic Group.
The same techno -libertarian #networks around #Musk, #PeterThiel & #Ackman increasingly shape #media, #platforms and #culture.
#Streaming policy is #democracy #policy
#Spotify und Universal Music:
Fans sollen Songs per KI remixen dürfen
https://looprituals.de/spotify-und-universal-music-fans-sollen-songs-per-ki-remixen-duerfen/
Spotify und Universal Music haben sich darauf geeinigt, dass Fans mithilfe von KI Songs remixen dürfen. Die Funktion wird als kostenpflichtiges Zusatzangebot für Premium-Nutzer bereitgestellt, und die Künstler werden direkt an den Einnahmen beteiligt.
Spotify announces AI-generated remixes and podcasts
The Swedish streaming service is integrating more generative AI into its products. Universal Music is enabling access to its catalog for this purpose.
#Entertainment #IT #KünstlicheIntelligenz #Musikproduktion #Musikstreaming #Spotify #UniversalMusic #news
Spotify launches AI music tool through major label deal
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