Billionaire Bill Ackman's $64 billion offer to acquire Universal Music Group was publicly criticized by Cyrille Bolloré, CEO of the Bolloré Group, a major UMG shareholder. Bolloré stated that Ackman's price was too low and questioned his compatibility with UMG's management. This is a significant setback for Ackman, whose Pershing Square owns 4.5% of UMG, while the Bolloré family and Vivendi together control over 30%. Ackman had proposed merging UMG with Pershing Square SPARC Holdings and moving its stock listing to New York, aiming to unlock value. Without Bolloré's support, the deal faces serious challenges ahead.
Jay Shetty has signed a multi-year deal worth up to $100 million to move the full video episodes of his popular podcast "On Purpose" exclusively to Spotify and Netflix. While full episodes will be exclusive to these platforms, clips and highlights wi...
Spotify has introduced a new Podcast clips feature allowing users to trim and share specific segments from podcasts directly via the app. This feature, accessible through a scissors icon in the 'Now Playing' view, helps highlight key moments from len...
Spotify has introduced narrated long-form magazine articles to its app, available to Premium subscribers as part of their monthly audiobook listening hours and for purchase by free users. Over 650 articles from major publications like Rolling Stone a...
