"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
Universal Music Group and Believe have settled the copyright infringement lawsuit filed against the Paris-headquartered music company and its distribution platform TuneCore in late 2024. A Joint Stipulation of Dismissal With Prejudice was filed today (April 3) in the US District Court for the Southern District of New York, confirming that all claims in the … Continued
The deal brings together three companies with a combined 50 years of experience in vinyl distribution, physical distribution, and premium catalog re-issues.