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Billionaire Bill Ackman is one the most powerful behind-the-scenes players in the modern financialized music rights industry. According to Universal Music Group‘s 2023 annual report, Ackman, via Pershing Square Holdings, controls 10.25% of the company’s stock, making him UMG’s second-largest individual shareholder behind Vincent Bolloré. Ackman also sits on UMG’s board. Now, he’s asking for […]
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Universal Music Group, home to stars including Taylor Swift, Billie Eilish and Drake, will move its primary stock exchange listing to the United States from the Netherlands following antisemitic attacks […]