From AI to fraud to AI-powered fraud, the music business has some concerns
The Apple Music, Podcasts, and Safari apps on a smartphone arranged in Germantown, New York, US, on Wednesday, May 7, 2025. Apple Inc. is "actively looking at" revamping the Safari web browser on its devices to focus on AI-powered search engines, a seismic shift for the industry hastened by the potential end of a longtime partnership with Google. Photographer: Gabby Jones/Bloomberg
Universal Music Group NV is speaking to investors ahead of a possible €1 billion ($1.15 billion) two-part bond sale on Monday, after rejecting hedge fund billionaire Bill Ackman’s takeover offer.
The Universal Music Group offices in Santa Monica, California.
Bill Ackman sold his €1.42 billion ($1.65 billion) stake in Universal Music Group NV just days after the Amsterdam-listed company rejected a takeover bid by the hedge fund billionaire.
The Universal Music Group headquarters in Santa Monica, California, US, on Tuesday, April 7, 2026. Billionaire activist Bill Ackman has proposed a bid for Universal Music Group NV to increase returns on one of his hedge fund's biggest holdings.
Bill Ackman sold his €1.42 billion ($1.65 billion) stake in Universal Music Group NV just days after the Amsterdam-listed company rejected a takeover bid by the hedge fund billionaire.
The Universal Music Group headquarters in Santa Monica, California, US, on Tuesday, April 7, 2026. Billionaire activist Bill Ackman has proposed a bid for Universal Music Group NV to increase returns on one of his hedge fund's biggest holdings.
New co-CEOs outline ambitious plans for growth over the next four years at their first investor day.
Spotify announced plans on Thursday to work with Live Nation Entertainment Inc. to offer Spotify subscribers the option to purchase two tickets to their favorite star’s concert before they go on sale to the general public.
Three days after Bill Ackman pitched a deal for Universal Music Group NV that he estimates values the record label giant at €56 billion ($66 billion), the Dutch company’s stock remains steadfastly below the offer price.
Signage at the Universal Music Group headquarters in Santa Monica, California, US, on Tuesday, April 7, 2026. Billionaire activist Bill Ackman has proposed a bid for Universal Music Group NV to increase returns on one of his hedge fund's biggest holdings.
Billionaire investor Bill Ackman is pitching a deal for Universal Music Group NV — the record label giant behind celebrities including Taylor Swift and Drake — that he’s claiming will dramatically boost the value of the company largely by moving its listing to the US.
Taylor Swift Photographer: Aldara Zarraoa/Getty Images
Universal Music Group NV plans to repurchase €500 million ($575 million) of its shares, the first ever buyback since the record label was listed in 2021.
Pedestrians stand outside Universal Music Group headquarters in Santa Monica, California, U.S. on Friday. June 4, 2021. A blank-check company backed by billionaire Bill Ackman is in talks to merge with Universal Music Group, setting the stage for the Vivendi SE-owned record label to become a separate business, according to people with knowledge of the matter.
With 60,000 wholly AI-generated tracks delivered to streaming services daily and upwards of 200 million songs on platforms, the music industry is growing wary of the onslaught
The Spotify logo on a smartphone arranged in Hastings-on-Hudson, New York, US, on Wednesday, Jan. 25, 2023. Spotify Technology SA is planning to cut about 6% of its employees, or around 600 employees, joining a slew of technology companies from Amazon.com Inc. to Meta Platforms Inc. in announcing job cuts to lower costs. Photographer: Tiffany Hagler-Geard/Bloomberg
Over 80% of iTunes users are not subscribed to Apple Music, representing an untapped market
LONDON - JUNE 15: Steve Jobs, Chief Executive Officer of Apple computers, launches iTunes Music Store in the territories of Great Britain, Germany and France, on June 15, 2004 in London. The iTunes store allows users to buy and download albums or individual songs from a library of 700,000 songs. (Photo by Ian Waldie/Getty Images) Photographer: Ian Waldie/Getty Images Europe
Universal Music Group NV’s India unit has agreed to invest 7.2 billion rupees ($80 million) for a minority stake in India’s Excel Entertainment Pvt., a top Bollywood production company, to boost its presence in the South Asian country.
The Universal Music Group headquarters in Santa Monica, California.
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