Teletubby 159,961 Posted April 29 Share Posted April 29 Universal Music Group will sell half of its equity stake in Spotify and use the proceeds to help fund an expanded share buyback program totaling EUR €1 billion (USD $1.17 billion), the company confirmed on Wednesday (April 29) alongside its Q1 2026 results. The decision comes 3 weeks after Bill Ackman‘s Pershing Square launched a $64 billion takeover bid for UMG that proposed liquidating the company’s entire Spotify stake to help fund the deal. x No One Cares About You Quote Link to post Share on other sites More sharing options...
Solange Knowles 90 Posted April 29 Share Posted April 29 Can you explain it in pop terms? ₊˚ ✧ ━━━━⊱⋆⊰━━━━ ✧ ₊˚LESBIANS UNITE!₊˚ ✧ ━━━━⊱⋆⊰━━━━ ✧ ₊˚ 2 1 Quote Link to post Share on other sites More sharing options...
Teletubby 159,961 Posted April 29 Author Share Posted April 29 7 minutes ago, Solange Knowles said: Can you explain it in pop terms? less stakes in Spotify = less autoplay for Billie Eyelash and Sabrina Carpenter No One Cares About You 2 1 Quote Link to post Share on other sites More sharing options...
River 124,997 Posted April 29 Share Posted April 29 @Economy explain please and why tf once again the billboard is shilling for taylor but most likely her impact is absolutely zero on that matter. So sploosh your juice all over me you Riverboy 1 Quote Link to post Share on other sites More sharing options...
River 124,997 Posted April 29 Share Posted April 29 Just now, Teletubby said: less stakes in Spotify = less autoplay for Billie Eyelash and Sabrina Carpenter so payola no more? So sploosh your juice all over me you Riverboy Quote Link to post Share on other sites More sharing options...
VanishIntoMe 3,933 Posted April 29 Share Posted April 29 2 minutes ago, Teletubby said: less stakes in Spotify = less autoplay for Billie Eyelash and Sabrina Carpenter Does this mean that DWAS will be the biggest song from 2024 finally? Quote Link to post Share on other sites More sharing options...
Teletubby 159,961 Posted April 29 Author Share Posted April 29 9 minutes ago, River said: so payola no more? tbh i think it's usually not labels but the artists/their teams who fund it No One Cares About You Quote Link to post Share on other sites More sharing options...
Anderson123 41,840 Posted April 29 Share Posted April 29 25 minutes ago, Teletubby said: less stakes in Spotify = less autoplay for Billie Eyelash and Sabrina Carpenter Not Billie, our streams are real. 2 Quote Link to post Share on other sites More sharing options...
elegidadedios 4,514 Posted April 29 Share Posted April 29 I didn't get a single thing... Yikes Quote Link to post Share on other sites More sharing options...
Solange Knowles 90 Posted April 29 Share Posted April 29 31 minutes ago, Teletubby said: less stakes in Spotify = less autoplay for Billie Eyelash and Sabrina Carpenter I'm just dumb. I didn't understand anything. ₊˚ ✧ ━━━━⊱⋆⊰━━━━ ✧ ₊˚LESBIANS UNITE!₊˚ ✧ ━━━━⊱⋆⊰━━━━ ✧ ₊˚ Quote Link to post Share on other sites More sharing options...
bxr 1,706 Posted April 29 Share Posted April 29 45 minutes ago, Solange Knowles said: Can you explain it in pop terms? Alas, not quite pop terms, but I guess from a simplified optics perspective, it reads like pivoting the narrative from the potential pro-corporate takeover of a preeminent music organization to an artist-inclusive acquisition … Billionaire financier Bill Ackman and his investment firm, Pershing Square, offered to buy Universal Music Group Tuesday, the largest music company in the world that represents global stars like Taylor Swift, Drake and Adele. Spoiler Factors holding down the stock’s valuation include uncertainty over major shareholder stakes, a delayed U.S. listing and perceived underutilization of the company’s balance sheet and assets, and “the lack of investor credit in UMG’s valuation for its €2.7 billion stake in Spotify,” among other factors, according to the proposal. The offer, announced in a letter to UMG’s board of directors, would see the company merge with Pershing Square’s acquisition vehicle and relocate its stock listing from Amsterdam to New York, a change Ackman, who publicly supported and endorsed President Donald Trump in the 2024 election, has previously advocated. Ackman, a hedge fund manager who had previously supported Democrats, became a vocal trump supporter during the 2024 election. He said he no longer felt the Democratic Party reflected his values and called trump the "most pro-business president we’ve ever had." He added: “We have all recently learned in the starkest manner (the debate) how we cannot rely on the MSM as our source of truth on the ultimate political question. [ Source ] … but, that’s just a general guess on the first browse blink; I have no idea the nuts, bolts, or nuance of what’s being presented Quote Link to post Share on other sites More sharing options...
Teletubby 159,961 Posted April 29 Author Share Posted April 29 25 minutes ago, Anderson123 said: Not Billie, our streams are real. sure No One Cares About You 1 Quote Link to post Share on other sites More sharing options...
RAMROD 115,732 Posted April 30 Share Posted April 30 7 hours ago, River said: and why tf once again the billboard is shilling for taylor but most likely her impact is absolutely zero on that matter. How Swift has anything to do with this windfall is a bit complicated, and goes all the way back to the major record labels’ original licensing agreements with Spotify from the late 2000s, which got the companies stock in the then-fledgling streaming service. Credit where it’s due, as Music Business Worldwide reported back in 2016, with no legal requirement to do so, Warner Music Group and Sony Music Group had both committed to doling out some of the profits to the artists if they sold their Spotify stock. UMG confirmed it’d do the same nearly two years later, about a month before Spotify’s IPO. Taylor gets more crucial here in the specifics. Sony sold first, selling off a portion of its Spotify stock after the IPO in April in 2018. Warner did the same a few months later, selling the company’s entire Spotify stake. But the two music companies’ methods of payment had a significant difference. When Sony paid out, it ignored whether or not an artist is recouped, meaning that Sony acts got paid regardless on if they owed the label money on their record deal. Warner, however, kept recoupments in consideration, so the label kept more of the profit. https://www.hollywoodreporter.com/music/music-industry-news/taylor-swift-umg-spotify-stock-sale-clause-1236580300/ (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ scarlet needle: antares (*´艸｀*) ♡♡♡ Quote Link to post Share on other sites More sharing options...
River 124,997 Posted April 30 Share Posted April 30 5 hours ago, RAMROD said: How Swift has anything to do with this windfall is a bit complicated, and goes all the way back to the major record labels’ original licensing agreements with Spotify from the late 2000s, which got the companies stock in the then-fledgling streaming service. Credit where it’s due, as Music Business Worldwide reported back in 2016, with no legal requirement to do so, Warner Music Group and Sony Music Group had both committed to doling out some of the profits to the artists if they sold their Spotify stock. UMG confirmed it’d do the same nearly two years later, about a month before Spotify’s IPO. Taylor gets more crucial here in the specifics. Sony sold first, selling off a portion of its Spotify stock after the IPO in April in 2018. Warner did the same a few months later, selling the company’s entire Spotify stake. But the two music companies’ methods of payment had a significant difference. When Sony paid out, it ignored whether or not an artist is recouped, meaning that Sony acts got paid regardless on if they owed the label money on their record deal. Warner, however, kept recoupments in consideration, so the label kept more of the profit. https://www.hollywoodreporter.com/music/music-industry-news/taylor-swift-umg-spotify-stock-sale-clause-1236580300/ it doesn't make any sense to make it all about her lol So sploosh your juice all over me you Riverboy Quote Link to post Share on other sites More sharing options...
monketsharona 89,873 Posted April 30 Share Posted April 30 9 hours ago, Teletubby said: less stakes in Spotify = less autoplay for Billie Eyelash and Sabrina Carpenter Gaga is also UMG artist though Quote Link to post Share on other sites More sharing options...
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