UMG’s IPO Pays Off
• Universal Music Group’s shares were up more than a third in their stock market debut on Tuesday as investors
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FINANCIAL
UMG Valued At $39 Billion
• Just ahead of its highly anticipated Tuesday IPO in Amsterdam, Universal Music Group has been valued at around 33.5
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Bowie Estate, Warner Music Ink Partnership
• Warner Music Group (WMG) and the estate of David Bowie have signed a global, career-spanning partnership for Bowie’s recorded
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RIAA Releases Mid-Year Report
• The RIAA has released its 2021 Mid-Year Music Industry Revenue Report, as the industry — and the world —
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Pershing Square Locks Down 10% Of UMG
• Pershing Square Holdings, which runs the public and private hedges funds managed by billionaire Bill Ackman is now in
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Oak View Group & Spectra To Merge
• Oak View Group (OVG), a global venue development, advisory, and investment company for the sports and live entertainment industries,
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iHeart Selling Portsmouth, NH HQ
• iHeartMedia has put its longtime Portsmouth, NH broadcast facility on the market for $3.67 million. The 13,362 square-foot building
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Madonna, WMG Announce Global Deal
• Madonna and Warner Music Group announced a milestone, career-spanning global partnership that includes a new agreement for her entire
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Helping Your Neighbor Is Good Karma
• For the second year, Good Karma Brands’ WKNR (ESPN Cleveland) has teamed up with KeyBank and the Cleveland Cavaliers
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Vivendi Sells 7.1% Of UMG To Pershing Square
• Vivendi, the parent company of Universal Music Group, has sold 7.1 percent of UMG’s share capital to Pershing Square
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