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Beastie Boys and Universal Music Group settled lawsuits accusing the parent of Chili's of using the legendary rap trio's 1994 song "Sabotage" without permission in social media ads to promote the restaurant chain.
Universal Music Group's recent recovery is driven by improved deals with Spotify and Amazon, but its dependence on DSPs and unpredictable margins remain key risks. The CFO transition and Bill Ackman's board exit add uncertainty, while a potential Nasdaq listing could boost visibility and demand. Despite a strong artist portfolio and wide moat, UMG's growth is likely to decelerate as new deal effects fade.
HILVERSUM, Netherlands , May 14, 2025 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today announced the results of its Annual General Meeting of Shareholders ("AGM") held earlier today.
Ackman had served as a director for three years, and his hedge fund remains UMG's largest shareholder.
Universal Music Group , the world's biggest music label, said on Monday it has appointed Matt Ellis as its new chief financial officer.
The record label behind Taylor Swift logged revenue of €2.9 billion for the three months to the end of March, up 9.5% on year.
Universal Music Group reported first-quarter sales above market expectations on Tuesday, helped by growth in recorded music and music publishing.
Q1 2025 Results Highlights1 Revenue of €2,901 million increased 11.8% year-over-year, or 9.5% in constant currency, driven by solid growth in Recorded Music and Music Publishing. Recorded Music subscription revenue grew 11.5% year-over-year, or 9.3% in constant currency, and streaming revenue grew 2.9% year-over-year, or 0.3% in constant currency.
The European Commission said on Friday it would investigate Universal Music Group's planned $775 million acquisition of independent music services company Downtown Music, confirming earlier media reports.
HILVERSUM, The Netherlands , March 31, 2025 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) announced today that it will release its financial results for the first quarter ended March 31, 2025 after the close of the Euronext market on April 29, 2025.