The update, announced via YouTube's Creator Insider channel on Friday (May 1), adds a new "Create" button to the existing "Replace Song" tool in YouTube Studio on desktop.
UMG will sell half of its equity stake in Spotify and use the proceeds to help fund an expanded share buyback program totaling EUR €1 billion (USD $1.17bn)
"UMG's stock price has languished due to a combination of issues that are unrelated to the performance of its music business and importantly, all of them can be addressed with this transaction," says Ackman