Universal Music

Universal Music sounds out investors for one billion euro bond sale

It includes a 4 and 10-year tranche, each with an expected size of 500 million euros, a source says

Pershing Square CEO Bill Ackman proposed acquiring the home of performers such as Taylor Swift and Drake in April in a deal that would have valued Universal Music Group at about 56 billion euros.

Billionaire Bill Ackman sells 1.42 billion-euro Universal Music stake after failed takeover

The company has bought back about 14.2 million shares from his offering

The deal would force through a US listing that Universal Music Group has so far delayed.

Billionaire Bill Ackman pitches 56 billion-euro Universal Music deal to boost shares

UMG shareholders who agree to the deal will get 9.4 billion euros in cash, plus 0.77 shares of the new company

Universal Music is the label for artists including Taylor Swift.

Universal Music Group files confidentially for US listing

The world’s largest music company will not receive any proceeds from the sale

Spotify has been expanding in recent years to include audiobooks, podcasts and other offerings besides its core music catalogue.

Universal Music, Spotify reach new multiyear distribution deal

UNIVERSAL Music Group and Spotify Technology reached a new multiyear distribution agreement that includes compensation for recorded songs and publishing rights.

The company is targeting revenue growth of more than 7 per cent at a compounded rate through 2028 driven by subscription revenue growth and increasing superfan monetisation.

Universal Music sales beat estimates on subscription growth

Revenue from recorded music rose to US$3.1 billion in Q3