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Universal Music Group

Universal Music Earnings Soar 38 Percent in First Half of Year

Universal Music Group’s earnings for the first half of 2021 surged ahead of the music major’s planned September stock market debut, French media and telecom giant Vivendi said on…

Bill Ackman SPAC Drops Deal for 10 Percent Universal Music Stake

Investor Bill Ackman’s special purpose acquisition company (SPAC) Pershing Square Tontine Holdings said it had dropped a deal to acquire a 10 percent stake in Vivendi’s Universal Music Group. <a id="auto-tag_vivendi" href="https://www.hollywoodreporter.com/t/vivendi/" data-tag="vivendi"…

Snap Strikes Licensing Deal With Universal Music Group to Bring Entire Catalogue to Snapchat

Snap inked a multi-year licensing deal with Universal Music Group on Thursday that will bring the label’s entire recorded catalogue to Snapchat. Snapchat users will now be able to access…

Kenya Barris Launches Music Label With Interscope Records (Exclusive)

Kenya Barris, music mogul? The prolific producer of TV and film has taken one giant step closer to that status with the announcement of his Khalabo Ink Society’s first label, a joint venture…

Vivendi’s Universal Music to Sell 10 Percent Stake to Bill Ackman SPAC, Valuing Label at $41B+

French media conglomerate Vivendi has finalized a deal to sell a 10 percent stake in Universal Music Group to a so-called “blank check” company set up by Bill Ackman’s hedge fund Pershing…

Vivendi Eyes Universal Music Stake Sale, Valuing Label at $42B

French media conglomerate Vivendi said on Friday that it is in talks to sell a 10 percent stake in Universal Music Group to hedge fund billionaire Bill Ackman’s Pershing Square Tontine Holdings in…

Ousted UMG Exec Charlie Walk Files $60M Lawsuit Against Attorney, Claims “Botched” Handling of #MeToo Allegations

Three years after his career was derailed, the once high-flying executive remains the most prominent industry executive felled by sexual harassment claims in the post-#MeToo era. Now, he's suing longt…

Vivendi Sells Additional 10 Percent Stake in Universal Music to Tencent-Led Consortium

Vivendi said Friday that a Tencent-led consortium had exercised its option to acquire an additional 10 percent stake of Universal Music Group. 

Universal Music Group Restructures Content Arm With Creation of Mercury Studios

Universal Music Group has beefed up its production arm, forming a new studio to develop narrative content with music at its core.

Universal Music Launches Def Jam Africa as Its Latest Big Bet on the Continent

Universal Music Group's Def Jam launched Def Jam Africa, a new division based in Johannesburg, South Africa, and Lagos, Nigeria, that will focus on "hip-hop, Afrobeats and trap talent in Africa" and…

Universal Music Group, Lego Strike Partnership Around Upcoming Toy Line

Universal Music Group and the Lego Group have signed an exclusive global partnership, the companies said Sunday.

Vivendi Closes $3.3 Billion Sale of 10 Percent Universal Music Stake to Tencent-Led Consortium

French entertainment and telecom conglomerate Vivendi has closed its $3.3 billion sale of a 10 percent stake in Universal Music Group to a consortium led by Chinese online giant Tencent.