Pershing Square, the investment arm of billionaire Bill Ackman, has made an offer to the Board of Directors of Euronext Amsterdam-listed Universal Music Group to acquire the world's largest music company for a value of €55.8 billion ($64.3bn) in a deal combining cash and shares, as part of "a value creation plan designed to deliver significant benefits to UMG stakeholders." Ackman said in a statement that the transaction, through its investment manager Pershing Square Capital Management (PSCM), ...

The Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP), which represents the interests of Hollywood studios, have reached a tentative four-year agreement for what is known as the 2026 Minimum Basic Agreement (MBA). The deal, which was unanimously approved by the WGA Negotiating Committee, still needs to be approved by the Writers Guild of America West board and the Writers Guild of America East council, and be ratified by the union's members. The W...

TuneCore, the Believe-owned distribution and services company for self-releasing artists has promoted Brian Miller as Chief Business Officer. In this role, Miller will oversee all of TuneCore’s global business, helping develop opportunities for self-releasing artists to move access from to success and lead the company’s continued global expansion.  For the past two years, Miller has served as TuneCore's Chief Revenue Officer. As Chief Business Officer, Miller will focus on "identifying new strat...