Pershing Square, Universal Music Group and Ackman

Bill Ackman’s Pershing Square to Raise $1.4 Billion From Sale of 2.7% of Universal Music Group
Bill Ackman’s Pershing Square expects to raise $1.4 billion from the sale of a 2.7% stake in Universal Music Group.
Ackman’s Pershing to Raise $1.4 Billion in Universal Stake Sale
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 about a 2.7% stake in the world’s largest music company.
Pershing Square to Sell $1.5 Billion of Universal Music Group Shares
Pershing Square Holding will sell $1.5 billion worth of Universal Music Group shares on the Euronext Amsterdam exchange.
Pershing Square files to sell 50M Universal Music shares
Pershing Square Holdings announces the launch of a sale of 50M ordinary shares in Universal Music Group (UMGNF), corresponding to approximately
Pershing Square's Ackman confirms sale of some of its UMG shares
Pershing Square CEO Bill Ackman confirmed on Thursday his firm had sold some of its shares in Universal Music Group (UMG). "We decided to sell a portion of our UMG position today," he wrote on X. "UMG was our largest position going into the day at more than around 27% of our capital.
Pershing Square announces launch of secondary offering of 50M UMG shares
Bill Ackman's Pershing Square (OTCPK:PSHZF) has announced the launch of a secondary offering of 50M ordinary shares in Universal Music Group N.V. (OTCPK:UMGNF), which translates to about 2.7% of UMG’s issued share capital,
Music Catalog Market Shaking Off Shaky 2024 With Revitalized 2025. Here’s Why
A year after the fall of Hipgnosis, the music publishing industry is still closing massive catalog deals and expanding into ...
Music Business Worldwide2d
Universal spent $1bn+ on investments in 2024… and 5 other things we learned on UMG’s latest earnings call
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 ...
Universal Music Group: Not There Yet, But Heading In The Right Direction
Universal Music Group's Q4 earnings exceeded expectations. Read here for an update on UMGNF stock's growth challenges, and ...
Universal Music’s Subscriptions, Streaming Revenue Beat Forecasts Despite Slowdown
The record label behind Taylor Swift posted revenue of €3.44 billion, beating analyst forecasts of €3.27 billion.
Drake Wants to See Universal Music Group’s Emails About Kendrick Lamar’s Diss Track
The rapper, who settled with iHeartMedia, suspects that the major label made secret payments and offered reduced licensing ...
Universal Music Revenue Beats Estimates as Subscribers Increase
Universal Music Group NV, the record label for artists such as Taylor Swift and Billie Eilish, reported sales that topped ...
Jeffrey Remedios reflects on artists, labels and music’s sense of place as he departs Universal Music Canada
After taking over the country’s largest record label more than a decade ago, he built a creative campus for artists, but now ...
Music Business Worldwide10h
Global recorded music revenues rose 6.5% to $36.2bn in 2024, says MIDiA Research
Sony Music Group was the only recording major to increase its market share in 2024, MIDiA’s latest Recorded Music Market ...
Axios on MSN2d
Mental health crisis in the music industry inspires new initiative
There is a mental health crisis in the music industry, many insiders agree. A Nashville nonprofit is teaming up with ...