Latest Universal Music Group News & Updates

See the latest news and media coverage for UMG. We track all announcements, press releases, and industry mentions in real time, all in one place.

Universal Music Group (UMG)

Global music company

universalmusic.com

Headquarters: Santa Monica, United States
Company type: Public company
Number of employees: 15,000+

Last updated Today

Latest news about Universal Music Group (UMG)

In short: UMG rejected a $64 billion takeover bid from Pershing Square, expanded its global footprint in Asia and Africa, and secured a new deal with TikTok.

Company announcements

June 9 UMG

UMG successfully prices €1.0bn of new Eurobond Notes

The offering includes €500m of 3.375% notes due 2030 and €500m of 4.125% notes due 2036.

June 8 UMG

UMG's Greater China unit acquires iconic Mandopop catalog

The catalog features Little Tigers and Johnny Chiang, marking UMGC's first acquisition in the region.

June 4 UMG

UMG repurchased 14.156 million ordinary shares from Pershing Square

The shares were bought at €17.66 each for total consideration of approximately €250 million, outside the existing buyback program.

June 3 UMG

UMG signs Chinese pop superstar Jason Zhang to UMGC

The multi-faceted agreement includes recorded music, artist management, live performance, and international development.

Media coverage

June 15 Yahoo Finance

Universal Music Group N.V. Reports Weekly Transactions under its €500 Million Share Buyback Program

This press release is issued in connection with the disclosure and reporting obligations set out in Regulation (EU) No 596/2014 (the Market Abuse Regulation) and...

June 11 Los Angeles Times

Universal Music Group and TikTok Strike New Licensing Deal With Expanded AI Protections and Artist Tools

Universal Music Group and TikTok have signed a new multi-year licensing deal, expanding artist and songwriter tools, AI ...

June 8 Yahoo Finance

Universal Music Sounds Out Investors for €1 Billion Bond Sale

Universal Music Group NV is speaking to investors ahead of a possible €1 billion ($1.15 billion) two-part bond sale on Monday, after rejecting hedge fund...

June 8 Paste Magazine

Musicians union sues UMG and Warner Music over AI use

Paste Magazine is your source for the best music, movies, TV, comedy, videogames, books, comics, craft beer, politics and more. Discover your favorite albums and...

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