The move comes weeks after Bill Ackman and Pershing Square had submitted an offer to acquire UMG, including in that proposal a plan to sell the company's Spotify stake.

Universal Music Group says it will monetize half of its Spotify stake to help fund an increased share buyback program as it looks to boost its stock price. "Given the importance of capital discipline, ...

NPR's Scott Detrow speaks with Craig Schulz and Erik Wiese about their new special, "Snoopy Presents: A Summer Musical." It has been 35 years since Charlie Brown and the "Peanuts" gang came together ...

One of the world's largest music recording and publishing companies, Warner Music Group was purchased from Time Warner in March 2004 by an investor group led by Thomas H. Lee Partners, Edgar Bronfman, ...

Downtown Music Group includes FUGA, Downtown Artist & Label Services, Curve Royalties and more. By Caitlin Huston Business Writer Virgin Music Group, which is owned by Universal Music Group, has ...