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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.
HILVERSUM, Netherlands , March 27, 2025 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today published its 2024 annual report and the agenda for its 2025 annual general meeting of shareholders ("2025 AGM"), which is to be held on May 14, 2025, starting at 2:00 p.m.
A group of shareholders linked to billionaire Bill Ackman's Pershing Square hedge fund has offloaded a 2.7% stake in Universal Music Group (EURONEXT:UMG), raising over €1.3 billion, according to Bloomberg. Pershing Square Holdings, along with two other Pershing Square entities, sold around 50 million shares at €26.60 each, according to deal terms seen by Bloomberg.
Hedge fund manager Bill Ackman said his Pershing Square firm would reduce its stake in the world's largest music company.
Pershing Square CEO Bill Ackman confirmed on Thursday his firm had sold some of its shares in Universal Music Group (UMG).