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
Tunde Balogun, CEO of LVRN (Love Renaissance), maps out how the company he cofounded in Atlanta with Sean Famoso McNichol, Justice Baiden, Junia Abaidoo, and Carlon Ramong went from college parties to over 30B streams and a $100m+ valuation.
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.