Outernet CEO: Profiting from art shouldn’t be shameful Opinion The stigma of 'selling out' is unhelpful and outdated. Art and commerce have always coexisted, writes Outernet CEO Philip O'Ferrall.
Bill Ackman’s Pershing Square launches bid for Universal Music Group Markets An investment company helmed by billionaire hedge fund investor Bill Ackman has offered to buy the world’s largest music company in a $63bn bid. Pershing Square said on Tuesday it plans to form a new US-listed company through a merger with Universal Music Group (UMG), pulling its Amsterdam listing. The deal would give Universal investors [...]
Spotify says UK music industry ‘in really strong position’ Media A year ago, the UK music industry was in a bout of slipping global chart shares and fewer breakthrough stars. Yet following this weekend’s Brit Awards, Spotify claims that export growth and rising royalty payments are pointing to an industry revival. In 2025, the streaming giant paid out £860m to UK artists and their rights [...]