UMG Undergoing Widespread Layoffs
• Jim Roppo‘s move from Republic Records to Warner Music Group comes against the backdrop of extensive layoffs inside Universal
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UMG
UMG Names Bush As Pres., Global Brands
• Universal Music Group (UMG) announced the appointment of Libby Bush as President, Global Brands and Commercial Partnerships, starting in
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Labels Propose Rules For AI-Related Recordings
• Believe, BMG, Concord, Dirty Hit, Glassnote Records, HYBE Corp., Mom+Pop Music, Partisan Records, Sony Music, Universal Music Group and
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UMG Rejects Pershing Square Takeover Bid
• The Board of Directors of Universal Music Group announced that it has unanimously rejected the unsolicited and non-binding proposal
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UMG Selling Half Of Its Spotify Stake
• Universal Music Group (UMG) announced Wednesday it would sell off half of its equity stake in Spotify and double
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Ackman Submits UMG Takeover Bid
• Billionaire hedge fund manager Bill Ackman‘s Pershing Square Capital Management has submitted an offer to buy Universal Music Group
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UMG Names Chief Data Officer
• Universal Music Group (UMG) announced the appointment of Hannah Poferl as its Chief Data Officer, effective immediately. Poferl joins
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UMG Moving To New NYC HQ
• Universal Music Group (UMG) announced that it has leased new office space at PENN 2, Vornado Realty Trust’s recently
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UMG Reorganizes Nashville Operations
• Late Thursday, Universal Music Group announced “a reorganization of its Nashville-based operations to enhance its position as the premiere
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RIAA Files Suit Against AI Music Services
• The Recording Industry Association of America® (RIAA) announced the filing of two copyright infringement cases based on the mass
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