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Creative Industries

Universal Music Group launches €500m share buyback programme

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Universal Music Group has implemented a share buyback programme to repurchase the Euronext Amsterdam-listed company's own shares for an aggregate amount of €500 million to answer what the company's Chief Financial Officer Matt Ellis describes as "a meaningful dislocation in UMG's market valuation." It is the company's first buyback programme since it was floated on the Amsterdam stock market in 2021 by former parent company Vivendi. UMG said the shares will be purchased through a programme execu...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Ezekiel Lewis appointed Chairman and CEO of Sony Music’s Epic Records

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Sony Music has appointed Ezekiel Lewis as Chairman and CEO of one of the company's flagship labels, Epic Records. In this role, Lewis will report to Sony Music Group Chairman Rob Stringer.

Sony Music's Ezekiel Lewis

Lewis' elevation follows the announcement a few months ago that Sylvia Rhone would step down after over a decade at the helm of Epic Records. Lewis joined the label in 2018 as EVP, A&R and was most recently elevated to President in 2023. He was in charge of the A&R division...

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Creative Industries

Spirit Music names David Ryan Harris as VP, A&R and sets up a joint venture with his company Peace Pourage

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Independent music publisher Spirit Music has appointed singer, songwriter, and musician David Ryan Harris as Vice President, A&R. Harris is also signed to Spirit as a songwriter and Spirit has become a JV partner with his company Peace Pourage. “I look forward to using my years of experience writing, touring, playing, and making authentic connections in the business and the world at large to bring value and new perspectives to the amazing team at Spirit,” said Harris. “I am thrilled to wel...

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South Korea’s Kakao Entertainment taps JungHee Ko and Joseph Chang as co-CEOs

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South Korea's Kakao Entertainment has established a new co-CEO structure with JungHee Ko (pictured, left) and Joseph Chang (pictured, right). The dual management structure was approved by the annual general shareholders’ meeting and the board of directors on March 25. Chang previously served as co-CEO of the company, Ko joins from Kakao Bank, where she served as the Head of AI Group, Chief Strategy Officer (CSO,) and Chief Service Officer (CSO). She takes over from Kisu Kweon who became co-CEO i...

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