Vivendi Sells 10% of Universal Music to SPAC Ahead of IPO Plans

Finally after a near 15 month wait, Marvel’s long-awaited Black Widow will debut around the world after being locked up from the pandemic, and the industry’s global weekend expectation is as high as $140M.

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Rebecca Davis editorTencent’s WeChat social media platform on Tuesday evening blocked and wiped all past content of the accounts for the campus LGBTQ groups of China’s top universities, striking a major blow against LGBTQ awareness and rights.Many campus LGBTQ clubs have never been officially recognized or condoned, but have been able to operate unofficially for years under the radar, posting content online and carrying out certain activities when possible amidst periodic crackdowns.Late

Vertical Entertainment has acquired North American rights to Rushed, an indie thriller directed by Vibeke Muasya that stars Siobhan Fallon Hogan, Robert Patrick, Jake Weary and Peri Gilpin. A theatrical release is planned.

Jazz Tangcay Artisans EditorDemi Lovato, Cynthia Erivo, Busy Phillips and a number of others people are featured in a new video from GLAAD and Universal Music Group emphasizing the freedom for people to choose their own pronouns, “to spread awareness of the importance of using pronouns to create an environment of inclusivity and respect.”The full list of participating talent and executives include: Ab Gibson, Alyssa Rose, Andrew Gelwicks, Anthony Allen Ramos, Briana King, Busy Phillips, Cali y

Snapchat’s Sounds feature was introduced in October, which lets people make videos using music. So far it has amassed 521 million videos created, with 31 billion views overall.

Todd Spangler NY Digital EditorUniversal Music Group and Snap announced a multiyear global agreement that will let Snapchat’s users incorporate UMG’s catalog of recorded music and content into creative tools, including Sounds on Snapchat and augmented reality Lenses.Under the terms of the deal, UMG’s entire recorded music catalog is available on a global basis in Snapchat’s Sounds tool, including search and curated playlists.

Chris Willman Music WriterIn a nearly three-hour presentation Wednesday morning, Pershing Square Capital founder Bill Ackman made his love for the music business — and the reasons for setting his sights on Universal Music Group — clear, saying, “I can’t think of an asset I’m more confident in being consumed over time.

UPDATED: Alamo Records, the label imprint run by industry veteran Todd Moscowitz, is leaving its joint venture partnership at Universal Music Group for Sony Music Entertainment.SME today announced that it has acquired a majority stake in Alamo, which is home to such acts as Rod Wave, Blackbear and Lil Mosey. Moscowitz, a former top executive at Warner Bros.

French media giant Vivendi has reached a deal to sell a 10% stake in Universal Music Group to hedge fund billionaire Bill Ackman’s Pershing Square in a deal that values the music company at more than $42 billion.

Ellise Shafer administratorVivendi has reached a deal with Bill Ackman’s Pershing Square to sell a 10% stake in Universal Music Group, a transaction that values the world’s largest music company at $40 billion.Vivendi said Sunday that the agreement would be finalized no later than Sept. 15.

Jordana Brewster shows off a little leg in a stunning pink gown at the premiere of F9 held at TCL Chinese Theatre on Friday night (June 18) in Hollywood.

Jem Aswad Senior Music EditorVeteran artist-producer DJ David Guetta has entered into a career- agreement with Warner Music that sees the company acquiring his recorded-music catalog from the last two decades, as well as striking a new deal for future recordings.

Elsa Keslassy International CorrespondentUniversal Music France and Mediawan’s Method Animation (“The Little Prince,” “Miraculous”) are joining forces on “Jam,” a animated music anthology which will showcase the greatest talents in both music and animation.Co-developed with Universal Music France’s original contents department, the 15-part series will be directed by Michael Gracey, the revered helmer of “The Greatest Showman,” and is being created by Method Animation’s roster of talent,

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Rebecca Davis editorWarner Music Group has brought on Sherry Tan to be its head of recorded music business in mainland China. She will be based in Beijing and report to Jonathan Serbin, CEO of Warner Music Greater China.Tan comes to Warner from a position as CEO of Mengxing Media, a start-up company she co-founded that has worked in the past with entertainment industry figures like Kris Wu and TV director Zhang Li, known for his historical dramas.