Warner Music Group has sued US cookie chain Crumbl, alleging that it built its business through “blatant, willful, and repeated copyright infringement.” The complaint was lodged in a US District Court in Utah on Tuesday (April 22), claiming Crumbl used at least 159 of WMG’s recordings and compositions in promotional videos posted to TikTok and Instagram,…
Bill Ackman, whose Pershing Square Holdings is one of Universal Music Group (UMG)’s largest shareholders, has massively reduced the price target for the IPO of his new US-based closed-end fund. Ackman gained a lot of press attention when Pershing Square Capital Management (PSCM) – the exclusive investment manager for Pershing Square Holdings – sold a…
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs. The major record companies – Sony, Universal, and Warner –…
