News and Trends

Bill Ackman‘s Pershing Square has disclosed six new stock investments in its first quarterly shareholder letter as a publicly listed company. None of the six is a music company. The new positions in Visa, Mastercard, Netflix, S&P Global, Intercontinental Exchange, and Alcon were disclosed in a letter published on Wednesday (August 12). Pershing Square Inc. … Continued Source source https://www.musicbusinessworldwide.com/bill-ackman-who-called-universal-music-one-of-the-best-businesses-we-have-ever-owned-steers-clear-of-music-in-pershing-square-stock-buying-splurge/

The other defendants are Parkwood Entertainment, Sony Music Entertainment, Sony Music Publishing, W Chappell Music Corp. and John Holiday. Source source https://www.musicbusinessworldwide.com/weeks-after-beyonces-alien-superstar-sample-suit-was-dismissed-a-second-one-is-filed-this-time-beyonce-is-a-defendant/

Syaheed joins from Believe to oversee Virgin’s operations across Africa, the Middle East and Asia Source source https://www.musicbusinessworldwide.com/virgin-music-group-appoints-syaheed-msbi-as-vice-president-of-amea-region/

The deal gives Reach worldwide physical and digital distribution through Redeye Worldwide, the distributor Exceleration acquired in September 2023. Source source https://www.musicbusinessworldwide.com/exceleration-music-partners-with-reach-records-the-christian-hip-hop-label-suing-umgs/

BMG is the first significant rightsholder to ink a licensing deal with Suno since Warner Music Group announced an alliance with the AI company nine months ago. Source source https://www.musicbusinessworldwide.com/suno-inks-global-licensing-deal-with-bmg/

AEG Presents and Creativeman announced the deal on Tuesday (August 11), expanding AEG Presents' presence in Japan. Source source https://www.musicbusinessworldwide.com/aeg-presents-strikes-strategic-partnership-with-creativeman-productions-promoter-of-japans-summer-sonic-festival/