
Universal Music Group Files for U.S. Public Offering
The company, which is based in the Netherlands, filed a confidential draft registration statement with the U.S. Securities and Exchange Commission, it said in a statement on Monday. It's not clear yet how many shares it will offer, or for how much.
The offering is part of a deal Universal reached in January with Pershing Square, as described by Bill Ackman, the hedge fund's founder and chief executive in January on social media. That agreement said Pershing could ask Universal Music to list in the United States if the hedge fund sells at least $500 million of its stock in the offering. . Pershing Square's total investment in Universal Music Group was $3.3 billion, Mr. Ackman said.
Sales of recorded music drove revenue growth for Universal Music last year, which saw the release of new albums by artists like Ms. Swift, Billie Eilish and Sabrina Carpenter, who rank among the most streamed artists globally on Spotify and Apple Music. Universal owns the labels that publish and distribute music from those and other artists.
The group's heft was on display last year when Universal pulled songs owned or published by its labels from TikTok over a dispute for royalties from music used on the short-form video app. The two companies settled that dispute in May 2024.
Universal will not receive any proceeds from the sale of ordinary shares by the selling shareholders, it said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
And Just Like That EPs Tell All About That Taylor Swift Needle Drop, Why It Was Perfect for Carrie's Big Moment
Turns out Carrie Bradshaw is like every other woman alive: She leans on Taylor Swift to help her get through a breakup. This week on And Just Like That…, Carrie said goodbye to her longtime love Aidan after she realized he'd never get over her affair with Big all those years ago. And after they decided to split up, we heard Taylor Swift's beautifully melancholic song 'How Did It End?' on the soundtrack as Carrie took all the Virginia postcards off of her fridge, got dressed up and met her girlfriends for drinks. (The lyrics even center on a recently ended relationship, with the opening line: 'We hereby conduct this post mortem…') More from TVLine And Just Like That EPs Admit to Hesitating Over Carrie and Aidan's Big Decision: 'Are We Making a Mistake?' Washington Black's Sterling K. Brown and Ernest Kingsley Junior Revel in the 'Brotherhood and Mentorship' Hulu's Historical Drama Gave Them Outlander Spinoff Cast on Why Blood of My Blood Makes Claire's Journey in the Original Series Even More 'Tragic' Swift herself signed off on the inclusion of the song, executive producer Elisa Zuritsky tells TVLine, crediting showrunner Michael Patrick King with sealing the deal: 'That was a Michael Patrick King production, right out of his brain. It was shortly after her newest album [The Tortured Poets Department] was released, and he knew of the song before I did… He was right there on it with that song.' The song really fit the resilient mood of that final scene with Carrie, too, fellow EP Julie Rottenberg points out, and the writers used it as inspiration: 'It was helpful, once [Michael] shared that idea with us, to think about that song in writing it, and to make sure that that last scene felt not just tragic, but empowering and maybe freeing. That she always has her friends, and this isn't the end. It might be an end, but life goes on.' What did you think of the Taylor Swift song — and Carrie's big breakup? Tell us in the comments! Best of TVLine Yellowjackets' Tawny Cypress Talks Episode 4's Tai/Van Reunion: 'We're All Worried About Taissa' Vampire Diaries Turns 10: How Real-Life Plot Twists Shaped Everything From the Love Triangle to the Final Death Vampire Diaries' Biggest Twists Revisited (and Explained)


Fox News
13 minutes ago
- Fox News
Taylor Swift Sparks Engagement Rumors Over Ring in Travis Kelce Photo
Taylor Swift sparked engagement rumors after fans noticed a ring on her finger in a photo on Travis Kelce's phone. MMA fighter Aaron 'Tex' Johnson was removed from a Southwest flight following a tense altercation. Plus, Brooke Hogan honored her late father, Hulk Hogan, by naming her newborn daughter after him. Learn more about your ad choices. Visit
Yahoo
41 minutes ago
- Yahoo
New Milan offer for Jashari at 35m plus 3m bonus
Fresh details are emerging on the new Milan offer for Ardon Jashari, which will reportedly be worth €35m plus €3m in add-ons to Club Brugge. It remains to be seen if this will be sufficient, but the Rossoneri are increasingly confident that they will get the all clear over the next few days. Milan changing the Jashari offer BRUGES, BELGIUM – FEBRUARY 12: Ardon Jashari #30 of Club Brugge KV looks on following his teams 2-1 victory against Atalanta in the UEFA Champions League 2024/25 League Knockout Play-off first leg match at Jan Breydel Stadium on February 12, 2025 in Bruges, Belgium. (Photo by Alex Bierens) There had already been numerous reports that the format of the proposal would change, if not the total figure of circa €38m. That is now confirmed by Sport Mediaset and who note that Milan informed Jashari's intermediaries that a new formal bid is coming this weekend. It is going to be worth €35m as a fixed fee plus €3m in add-ons, an improvement from the previous rejected bid that had only €32m guaranteed and the other €6m in various bonuses. The add-ons should also be quite easy to activate and therefore be practically a guaranteed figure of €38m.