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Universal Music to sell half its Spotify stake for buybacks, Q1 hit by weak dollar

Universal Music to sell half its Spotify stake for buybacks, Q1 hit by weak dollar

By Leo Marchandon April 29 - Universal Music Group said on Wednesday it would sell half of its equity stake in Spotify and double its share buyback programme, as it reported first-quarter revenue held back by a weaker U.S. dollar.
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UMG's Spotify Stake Sale to Benefit Artists Following Taylor Swift's Contract Clause

UMG's Spotify Stake Sale to Benefit Artists Following Taylor Swift's Contract Clause

UMG's Spotify Stake Sale to Benefit Artists Following Taylor Swift's Contract Clause
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Pershing Square CEO Bill Ackman Launches IPO to Democratize Investment Access

Pershing Square CEO Bill Ackman Launches IPO to Democratize Investment Access

Pershing Square CEO Bill Ackman Launches IPO to Democratize Investment Access
Reuters Reuters
Ackman's Pershing Square, new fund set to list in hotly anticipated debut

Ackman's Pershing Square, new fund set to list in hotly anticipated debut

By Utkarsh Shetti April 29 (Reuters) - Bill Ackman's Pershing Square and his closed-end fund are set to list on the New York Stock Exchange on Wednesday, in a much-anticipated debut that will give investors exposure to the billionaire activist's storied hedge fund.
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Universal Music Group to Share Spotify Stock Sale Proceeds with Artists, Influenced by Taylor Swift

Universal Music Group to Share Spotify Stock Sale Proceeds with Artists, Influenced by Taylor Swift

Universal Music Group to Share Spotify Stock Sale Proceeds with Artists, Influenced by Taylor Swift
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Taylor Swift's 'Spotify Clause' Ensures Direct Payouts to Artists

Taylor Swift's 'Spotify Clause' Ensures Direct Payouts to Artists

Taylor Swift's 'Spotify Clause' Ensures Direct Payouts to Artists
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Bill Ackman's Pershing Square Faces 18% Drop in NYSE Debut, Raising Investor Concerns

Bill Ackman's Pershing Square Faces 18% Drop in NYSE Debut, Raising Investor Concerns

Bill Ackman's Pershing Square Faces 18% Drop in NYSE Debut, Raising Investor Concerns
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Taylor Swift's UMG Contract Ensures Artist Payouts from Spotify Stock Sale

Taylor Swift's UMG Contract Ensures Artist Payouts from Spotify Stock Sale

Taylor Swift's UMG Contract Ensures Artist Payouts from Spotify Stock Sale
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Pershing Square IPO Falls Short of Target Price, Raising $5 Billion Amid Investor Skepticism

Pershing Square IPO Falls Short of Target Price, Raising $5 Billion Amid Investor Skepticism

Pershing Square IPO Falls Short of Target Price, Raising $5 Billion Amid Investor Skepticism
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Pershing Square IPO Opens Below Target Price, Raising $5 Billion

Pershing Square IPO Opens Below Target Price, Raising $5 Billion

Pershing Square IPO Opens Below Target Price, Raising $5 Billion
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Midday Stock Movements: Oracle, Spotify, and Coca-Cola Among Key Players

Midday Stock Movements: Oracle, Spotify, and Coca-Cola Among Key Players

Midday Stock Movements: Oracle, Spotify, and Coca-Cola Among Key Players
Reuters Reuters
Spotify forecasts second-quarter profit below estimates, shares fall

Spotify forecasts second-quarter profit below estimates, shares fall

April 28 (Reuters) - Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday, a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America. Shares of the company fell around 6% in premarket trading.