Warner Music Group has entered into a definitive agreement to acquire Revelator, the B2B music platform for the global independent sector. The transaction, the terms of which have not been disclosed, is subject to customary conditions and is expected to close next quarter. WMG did not provide details regarding Revelator’s integration with WMG post-closing, except to state that the acquisition “will transform the suite of services that WMG labels and [distribution and service...

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...

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...