The deal requires Pershing to sell at least $500 million worth of its UMG holdings as part of the listing process.

Spotify has been ramming nearly every subscriber into a cut-rate bundled package — and boasting about the huge royalty savings while fighting publishers tooth-and-nail. Now, there’s serious pushback coming from Universal Music Group itself — and a brand-new,

Universal Music Group said on Wednesday that billionaire Bill Ackman-led Pershing Square has exercised its right to request an offering and secondary listing of the record label in the United States.

Robust investment flows, resilient Asian consumer demand and relentless central-bank purchases look set to offset any potential headwinds from a hawkish shift in U.S. monetary policy and with the macroeconomic outlook clouded by recession risks and policy uncertainty.

Spotify and Universal Music Group have struck a new multi-year agreement focused on driving subscriber growth and advancing music monetization.

The deal establishes a direct license between Spotify and Universal Music across the streaming subscription service’s current product portfolio in the U.S. and beyond, the companies said.

UMG chairman and CEO Sir Lucian Grainge called the agreement “precisely the kind of partnership development” the company hoped for when describing Streaming 2.0. That presentation envisioned a “Super-Premium” subscription for superfans that could mean things like early access to music,

Spotify is probably the worst thing that has happened to musicians.” Despite new agreements between the world’s largest music label and one of the largest providers of music streaming services, the Icelandic artist’s words continue to ring true.

Everyone has the right to choose,” Lukashenko said of his political opponents, who he said could go to prison or flee.

EU mid-market update: AI industry gets rattled by DeepSeek, putting OpenAI and Nvidia dominance in severe doubt; Trump tariff mantra wins first geopolitical test.

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The Grammy Awards are sticking with their man: Trevor Noah will host the show for the fifth consecutive time, the Grammys announced Tuesday.