Universal Music Group has reportedly banked approximately USD $467 million from selling part of its Spotify shareholding, with the money splitting two ways. Artists are owed a cut under a policy dating back to 2018, and UMG is routing its own portion into the share buyback progra…
IndustryFirst reported today, 21:23 / 1 outlet
Artists Stand to Make Millions After Universal Unloads Spotify Stock
Single-source story
EDMTunes is the only tracked outlet reporting this. Read it at the source below.
Only one tracked outlet has this. Le Raver links to it rather than summarising it.
Coverage breakdown
1 source
1 original reporting
0 ran the press release
How this story was covered
1 tracked outlet has reported this story, first published today, 21:23. EDMTunes published first among the outlets Le Raver tracks. The one report Le Raver has classified carried original reporting. That is 1 of the 26 outlets Le Raver tracks. No other tracked outlet has covered it, so this page links out rather than summarising it.
How it unfolded
- Today, 21:23EDMTunesFirstArtists Stand to Make Millions After Universal Unloads Spotify Stock