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Results for "Universal Music Group"

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Universal Music Sells Half Spotify Stake, Artists to Benefit
CultureReutershollywood-reporterbillboard+1myjoyonline3mo ago4 sources

Universal Music Sells Half Spotify Stake, Artists to Benefit

Universal Music Group announced it would sell half of its stake in Spotify, with proceeds intended for stock buybacks and to benefit its artists. This move is expected to generate millions for artists, partly attributed to a clause in Taylor Swift's record contract.

Culturerolling-stone4mo ago

UMG Calls Drake's Defamation Appeal 'Astoundingly Hypocritical'

Universal Music Group has strongly opposed Drake's appeal in a lawsuit concerning Kendrick Lamar's diss track 'Not Like Us,' calling Drake's attempt to revive his defamation lawsuit 'astoundingly hypocritical' and asserting that his legal arguments are not supported by law.

Bolloré Urges Universal Music Group to Reject Ackman's $64 Billion Bid
BusinessFTle-figaroforbes+5hollywood-reporterdeadlinechannel-news-asiaseeking-alphabillboard2mo ago8 sources

Bolloré Urges Universal Music Group to Reject Ackman's $64 Billion Bid

Bolloré Group, a major shareholder in Universal Music Group (UMG), has urged UMG's board to reject Bill Ackman's $64 billion acquisition proposal. Bolloré stated that the offer price was too low, dealing a blow to Ackman's bid.

Spotify and Universal Music partner for AI remix feature
TechnologyThe Guardian2mo ago

Spotify and Universal Music partner for AI remix feature

Spotify and Universal Music Group have reached an agreement that will allow subscribers to create song covers and remixes using artificial intelligence. This licensing deal marks the first time listeners can use AI to generate content on the streaming platform.

UMG Rejects Drake's Appeal in Kendrick Lamar 'Not Like Us' Lawsuit
Culturebillboard4mo ago

UMG Rejects Drake's Appeal in Kendrick Lamar 'Not Like Us' Lawsuit

Universal Music Group has strongly opposed Drake's appeal in a lawsuit concerning Kendrick Lamar's diss track "Not Like Us," stating that the rapper's legal arguments are not supported by law. UMG asserts that the lawsuit should not be revived by a federal appeals court.

Ricardo Montaner Sues UMG Over Music Catalog Rights
Culturebillboard1mo ago

Ricardo Montaner Sues UMG Over Music Catalog Rights

Latin music star Ricardo Montaner has filed a lawsuit against Universal Music Group (UMG), alleging that the music giant is making wrongful claims of ownership over his music catalog and interfering with a new independent distribution deal.

Bill Ackman's Pershing Square Exits Universal Music Group Stake
Businessbloombergmarketwatchhollywood-reporter+2seeking-alphabillboard2mo ago5 sources

Bill Ackman's Pershing Square Exits Universal Music Group Stake

Bill Ackman's Pershing Square is unwinding its position in Universal Music Group, with UMG repurchasing €250M of shares. This move follows Pershing Square's failed acquisition bid for the music company.

Worldorfforbes2mo ago2 sources

Universal Music and Spotify Partner for AI Music Remixes

Universal Music Group and Spotify have announced a partnership to introduce AI-generated music remixes. This collaboration will place AI music content behind a paywall, marking a new development in the music industry's approach to artificial intelligence.

Spotify, Universal Music Announce AI Music Licensing Deal
CulturebloombergFTvariety+5hollywood-reporterstraits-timesdeadlinerolling-stonebillboard2mo ago8 sources

Spotify, Universal Music Announce AI Music Licensing Deal

Spotify and Universal Music Group have announced a new licensing deal that will allow premium subscribers to create AI-generated covers and remixes using Universal's catalog. This agreement was highlighted during Spotify's investor day, where the company also unveiled new concert ticket perks.