Universal Music Group’s Board Rejects Pershing Square Offer: ‘It Fundamentally Undervalues UMG’

https://fed.brid.gy/r/https://www.billboard.com/pro/universal-music-groups-board-rejects-pershing-square-offer/

Universal Music Group Rejects Bill Ackman’s $64B Takeover Proposal: “It Fundamentally and Materially Undervalues UMG”
#Music #MusicIndustryNews #BillAckman #UniversalMusicGroup

https://www.hollywoodreporter.com/music/music-industry-news/umg-rejects-bill-ackman-acquisition-proposal-1236608857/

Universal Music Group Rejects Bill Ackman’s $64B Takeover Proposal: “It Fundamentally and Materially Undervalues UMG”

UMG's board of directors said Friday the proposal "is not in the best interests of UMG, its shareholders, artists, songwriters, employees and other stakeholders."

The Hollywood Reporter
Universal Music Group Rejects Bill Ackman’s $64 Billion Takeover Bid

The Universal Music Group board has rejected a $64 billion takeover bid from Bill Ackman’s Pershing Square, saying it is 'not in [its ]best interests'

Variety
Cyrille Bolloré Encourages Universal Music Group To Reject Bill Ackman’s $64B Offer

Cyrille Bolloré Encourages Universal Music Group To Reject Bill Ackman’s $64B Offer

Deadline
#Spotify and #UniversalMusicGroup are reported to have signed a licensing agreement. This will enable the creation of #AI -generated cover versions and remixes of selected Universal #Music Group tracks. Everything has to be drained and devalued by algorithms? #AIFatigue

Lucian Grainge Chats New Spotify Partnership, AI & Likeness Rights at Greater Together LA Keynote

https://fed.brid.gy/r/https://www.billboard.com/pro/lucian-grainge-spotify-ai-universal-partnership-keynote/

https://winbuzzer.com/2026/05/22/spotify-umg-plan-paid-ai-remix-tool-for-premium-fans-xcxwbn/

Spotify wants fans to pay for more than streaming, starting with a planned licensed remix add-on for Premium.

#AI #AIMusic #Spotify #UniversalMusicGroup #MusicIndustry #StreamingServices

Universal Music Group, TikTok Strike New Licensing Deal For the AI Era

The latest deal, which includes efforts to remove unauthorized AI-generated music, follows the two companies in 2024 being in a dispute over royalties paid out by the video social media giant.

The Hollywood Reporter