TaylorSwift 162,554 Posted 1 hour ago Share Posted 1 hour ago Universal Music Group banked gross proceeds of $467 million from selling part of its Spotify shareholding during the first half of 2026. UMG artists could be in line for approximately $131 million of that money. The sale figure was disclosed by UMG CFO Matt Ellis on the company’s Q2 and H1 2026 earnings call. “During the first half of 2026, we sold just under one-third of our planned 50% stake sale for gross proceeds of EUR €403 million. [$467 million]” UMG has committed to sharing the proceeds of any Spotify stock sale with its artists. In April, Ellis said payouts to artists from any SPOT share transaction would be “consistent with our royalty policies.” MBW has previously estimated a likely artist share of around 28% of gross proceeds, drawing on numbers contained in Bill Ackman‘s takeover proposal for the company. Any such payout would be made on a non-recoupable basis, meaning UMG would disregard artists’ unrecouped balances when distributing the cash. x https://store.taylorswift.com Quote Link to post Share on other sites More sharing options...
River 127,597 Posted 1 hour ago Share Posted 1 hour ago So sploosh your juice all over me you Riverboy Quote Link to post Share on other sites More sharing options...
TaylorSwift 162,554 Posted 1 hour ago Author Share Posted 1 hour ago 3 minutes ago, River said: more money for Taylor Swift https://store.taylorswift.com Quote Link to post Share on other sites More sharing options...
River 127,597 Posted 1 hour ago Share Posted 1 hour ago Just now, TaylorSwift said: more money for Taylor Swift but she's with the republican label So sploosh your juice all over me you Riverboy Quote Link to post Share on other sites More sharing options...
joannethenight 6,049 Posted 56 minutes ago Share Posted 56 minutes ago Explain in ggdaily terms? 🌹 Quote Link to post Share on other sites More sharing options...
Bronco 25,314 Posted 25 minutes ago Share Posted 25 minutes ago 31 minutes ago, joannethenight said: Explain in ggdaily terms? River sold their toilets and we're all getting a cut The gays know how to party Quote Link to post Share on other sites More sharing options...
SavetheEarthNow 99 Posted 7 minutes ago Share Posted 7 minutes ago (edited) Why did they sell though? I don't feel like wasting time looking up why and have AI spout out some incorrect answer on Google. Edited 7 minutes ago by SavetheEarthNow Quote Link to post Share on other sites More sharing options...
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