A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square raised ...

Bill Ackman’s Pershing Square expects to raise $1.4 billion from the sale of a 2.7% stake in Universal Music Group.

Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our ...

News of Ackman's sale in Universal Music Group shares comes shortly after he announced he was hoping to emulate investing ...

One final image that raised the eyebrow of Drake’s followers was a photo of OVO merch with the phrase “Free The Man Dem.” ...

UMG and music streaming services are discussing superfan plans. That's good news for the industry, including artists, DSPs ...

Shares in music company Universal Music Group opened down 9% on Friday after hedge fund manager Bill Ackman’s Pershing Square ...

Universal Music stock fell after hedge-fund billionaire Bill Ackman said Pershing Square is cutting its stake in the world’s largest record label. Shares in the label behind Taylor Swift (NL:UMG) were ...

Drake’s legal team argued that any further delays to litigation will have a detrimental effect on his reputation.

The rapper, who settled with iHeartMedia, suspects that the major label made secret payments and offered reduced licensing ...

Drake has reached a private deal with iHeartMedia while he probes allegations UMG engaged in a pay-to-play scheme with ...

Lucian Grainge and other UMG execs discussed with analysts where future revenue growth would come from as the music giant releases fourth quarter results.