UMG

Jun
27
2021
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By Troy Warren
Snap Strikes Licensing Deal With Universal Music Group to Bring Entire Catalogue to Snapchat

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

Digital, Technology, ,
BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT Snapchat users will now be able to access music from major artists and use them via the Sounds tool and on AR Lenses. 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 music from major artists and use them via the Sounds tool, which allows users to add music clips to their Snaps or on their Stories, on augmented reality lenses and in curated playlists. UMG and Snap will also partner to release more…
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Jun
21
2021
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By Troy Warren
Vivendi’s Universal Music to Sell 10 Percent Stake to Bill Ackman SPAC, Valuing Label at $40B

Vivendi’s Universal Music to Sell 10 Percent Stake to Bill Ackman SPAC, Valuing Label at $40B

Business, Entertainment, ,
BY GEORG SZALAI | HollywoodReporter.Com Troy Warren for CNT The French media conglomerate finalized a deal to offload a 10 percent stake in the music major to a blank check company of Bill Ackman’s hedge fund Pershing Square. 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 Square, valuing the music major at €35.0 billion ($40 billion). Vivendi had recently said it was in talks with the financial vehicle about selling it the stake in the label, home of the likes of Taylor…
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