Universal Music Group has confirmed that its Board of Directors has received "an unsolicited and non-binding proposal" from Pershing Square Capital Management, L.P. to acquire the company for €56 billion in cash and stock. "The Board of Directors, together with its advisors, will review the proposal in accordance with its fiduciary duties and analyse its implications for shareholders, employees, artists, songwriters and other stakeholders," said UMG in a statement. The statement continued: "The...

Private equity platform and music publishing company Round Hill Music has appointed Chad Doerge as President and Deputy Chief Executive Officer. Doerge joins from AI-powered financial intelligence platform Aiera where he served as President and Chief Revenue Officer. Doerge will be working in close partnership with Round Hill CEO Josh Gruss, who founded the company in 2010. He will join the company’s executive management, investment and valuation committees, and will "oversee key operational are...

Warner Chappell Music (WCM), the publishing division of Warner Music Group, has renewed its global publishing deal with Icelandic-Chinese composer, singer, producer, and multi-instrumentalist Laufey Lín Bing Jónsdóttir, known as Laufey. “Excited to be in continued business with the wonderful, progressively minded people at Warner Chappell. Thank you to Gabz, Guy, Carianne, Ryan and David for their belief and partnership," said Laufey. Raised between Reykjavik, Iceland and Washington, D.C., Laufe...