The world’s largest music company, which trades on the pan-European Euronext stock market in Amsterdam, plans to list shares in the U.S. later this year.
Bolloré will "focus his time and energy on the Bolloré Group," which owns 18.5% of UMG's stock and has recently run into regulatory opposition in France.
The EC said its preliminary review raised concerns that the deal would give UMG access to Downtown's "commercially sensitive data of third-party record labels."
The form UMG submitted to the agency on Monday (July 21) puts it on track to list certain Pershing shares on a U.S. exchange by its Sept. 15 deadline.
The major label says Salt-N-Pepa can’t exercise so-called “termination rights” because the rappers didn’t execute their own record deal.
Shoe retailer DSW claims the major labels are using settlement demands to “bully” businesses into paying for songs they use on Instagram and TikTok.
In a keynote at the UN's AI for Good summit, Michael Nash discussed market-based solutions to AI issues, copyright and current collaborations.
The music giant and Whitesell's WTSL will bring superstars commercial opportunities that give fans new ways to interact with their music.
After news broke that the major labels are in licensing talks with Suno and Udio, executives in the “ethical” AI music space are voicing frustration.
From Universal Music Group to Sphere Entertainment, a roundup of the most impressive and surprising stats from the latest round of music companies’ earnings.
