Founded in 2021, mprs – pronounced 'Empress' – was spun out of artist management and services company mtheory when Universal Music Group acquired mtheory's label division
The move comes less than three months after a federal judge in Manhattan declined to throw the case out of court, rejecting the defendants' bid for dismissal.
UMG repurchased 14,156,285 of its ordinary shares at €17.66 each after its board recently rejected a takeover proposal from Ackman and Pershing Square.
BMI promoted John Ellwood to Vice President, Creative, and elevated Deirdre Chadwick, Jeff Gilligan and Jodie Thomas to Assistant Vice President positions.