(Bloomberg) -- A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square is set to raise about €1.3 billion ($1.4 billion) from the sale of ...

Hedge fund manager Bill Ackman said his Pershing Square firm would reduce its stake in the world’s largest music company.

A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square raised ...

The S&P 500 is on track for its worst week since September, the latter since November. Both are poised to fall for three ...

Record sales were at an all-time high in 2024, and Spotify paid out $10bn in royalties - but most of that money is going to ...

Spotify leads music streaming with record 2024 Q4 results, but faces margin challenges and competition. Read here to know why ...

After taking over the country’s largest record label more than a decade ago, he built a creative campus for artists, but now ...

The percentage of women in senior executive positions across the music industry has not sufficiently improved, according to a ...

Josh Kear and Chris Tompkins wrote the country chart-topper, and after its success, she leaned into more songs with attitude. "Last Name," "Cowboy Casanova," "Undo It" and most of the Blown Away album ...

The streaming giant paid out around 60% of its revenue as royalties, as it recorded a $110bn market value. Read more.

Spotify's market valuation is roughly $110 billion. Warner and Universal are worth roughly $70 billion combined. Bloomberg explains the streamer's runaway success compared to music labels.

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 ...