Music Business News: United States

Label The Slop.

The latest 'Tim's Take' from Music Business Worldwide founder, Tim Ingham

UMG spends $290m buying back stock from Bill Ackman’s Pershing Square, amid fund’s exit from music company

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 promotes four executives across Creative and Corporate Communications teams

BMI promoted John Ellwood to Vice President, Creative, and elevated Deirdre Chadwick, Jeff Gilligan and Jodie Thomas to Assistant Vice President positions.

Bill Ackman’s Pershing Square is selling its remaining Universal Music Group stake, days after UMG rejected its $64B takeover bid

The news comes days after Universal Music Group's board officially rejected a takeover proposal from Ackman and Pershing Square

The AI Music Streaming Flood: Where We’re At

The latest 'Tim's Take' from Music Business Worldwide founder, Tim Ingham

US Register of Copyrights continues The MLC’s designation as the statutory Mechanical Licensing Collective – as total royalties distributed to songwriters and publishers near $4B

The Register originally designated The MLC in July 2019

Seeker Music acquires the publishing catalog of Cocteau Twins’ Simon Raymonde

The deal covers Raymonde's body of work as a member of the Scottish band, including his co-writes on the 1990 album Heaven or Las Vegas.

After Suno, Udio asks court to seal the size of its AI training data in Sony Music’s copyright case, also citing ‘competitive harm’

Udio argues that competitors could use the figure to build rival products faster and more cheaply.