Its location in the skies was significant – directly over the UBS AI in Entertainment Summit at the Shutters on the Beach hotel, where Suno CEO Mikey Shulman was among the speakers.
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
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.