Welcome to Music Business World’s weekly roundup – where we make sure you catch the 5 biggest stories that have made our headlines over the past seven days. MBW’s review is supported by China Travel Servicehelping more than 500 of the world’s best-selling artists maximize their income and reduce touring costs.
MBW’s most-read story this week focuses on Drake’s legal dispute with Universal Music Group Kendrick Lamardiss track Not like us.
The fallout took a dramatic turn this week when Drake filed a lawsuit. defamationlitigation UMG dismissed the company’s claims outright.
In other UMG news, the company announced that Pershing Square Holdings, led by billionaire investor Bill Ackman, has asked the music company to file a secondary listing on the American Stock Exchange. listed. pershing square holdings corp. will have to sell US$500 million UMG shares to achieve U.S. listing.
Elsewhere this week, the Supreme Court upheld a law requiring TikTok to sell its US operations or shut down in the United States. There are reports that President-elect Donald Trump is considering issuing an executive order to delay implementation of the law.
Additionally, MBW reports that there are growing rumors that Tempo Music, worth $500 million, will be the next major acquisition in the industry.
This week, the music world’s attention and compassion continue to turn to Los Angeles in the wake of the devastating wildfires. FireAid Benefit Concert, produced by Shelli & Irving Azoff and the Azoff Family in association with Live Nation and AEG Presents, has confirmed a number of performers for the January 30 benefit event.
Here’s what happened this week…
Here’s what happened this week…
1) MBW sources say next big music business acquisition will be $500 million Tempo MUSIC
Photo: News
three years ago, MBW Told you rhythm musicPrivate equity giant launches music rights fund providencehopefully with approximately US$500 million.
The sale didn’t happen. As interest rates start to rise sharply in markets such as the UK and US, large-scale acquisition activity in the music sector is cooling down.
However, in the last year, as interest rates in major regions have dropped and/or looked more stable, talk about Tempo has begun to increase.
Now we hear increasingly louder whispers that we are weeks away from the conclusion of this story: Selling Tempo’s Portfolio The valuation is approx. US$500 million…
2) Universal Music hits back at Drake, saying he “seeks to use legal process to suppress artists’ creative expression”
Mojahid Motakin/Shutterstock
universal music group Responded to defamation lawsuit filed Drake Wednesday (January 15).
In the lawsuit, the superstar artist accuses Universal Music Group of promoting a “false and malicious narrative” about him through the content of his lyrics, single artwork and music videos. Kendrick Lamar diss track unlike us.
In response to the defamation lawsuit, a spokesperson for Universal Music Group said MBW “Not only are these claims untrue, but the idea that we would seek to damage the reputation of any artist — let alone Drake — is illogical“.
A spokesperson for Universal Music Group added that the company “will vigorously defend this lawsuit to protect our employees and our reputation…”
Image credit: Thomas Ragina/Shutterstock
3) The Supreme Court will uphold the law banning TikTok in the United States if parent company ByteDance does not sell the app
TikTok’s official launch in the United States has passed.
Lawyers for the social media app on Friday (January 10) tried to persuade a US Supreme Court judge to invalidate or temporarily block a law that could lead to TikTok being banned from the market if its Chinese owner Byte Beat does not sell the app in the United States as of January 19.
Today (January 17), the Supreme Court announced its verdict: upholding the law, which means that TikTok’s US business must be divested to avoid being shut down in this market – which has more than 170 million users…
Christopher Tripral/Alami
4) Universal Music Group to list on U.S. exchange; PERSHING SQUARE will sell $500 million in UMG shares to achieve this goal
universal music group (UMG) announced Wednesday (January 15) pershing square holdings corp.led by billionaire investors Bill Ackermanhas requested a secondary listing of the music company on the American Stock Exchange.
Under the previously disclosed agreement, UMG will assist Pershing Square in an underwritten offering to sell a portion of its shares by September 15, 2025.
The deal requires Pershing to sell at least US$500 million As part of the listing process, the value of its UMG holdings…
5) Superstars including Billie Eilish, Joni Mitchell and Stevie Nicks to headline FireAid benefit concert in Los Angeles
Shelli and Irving Azoff and the Azoff family teamed up with Live Nation and AEG Presents to perform two benefit concerts to raise funds for Southern California communities devastated by the ongoing wildfires.
Headliners at the FireAid concert include Billie Eilish and Finneas, Earth, Wind & Fire, Gracie Abrams, Green Day, Gwen Stefani, Jelly Roll, Joni Mitchell, Katy Perry, Lady Gaga, Lil Baby, P!nk, Red Hot Chili Peppers Perth, Rod Stewart, Sting, Stephen Stills, Stevie Nicks and Tate McCray. Additionally, Dave Matthews and John Mayer will share the stage for the first time.
Both concerts will be held on the same night (Thursday, January 30) at the Intuit Dome and Kia Forum in Inglewood, Louisiana….
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