Bill Ackman’s Pershing Square stays bullish on Universal Music Group, even vs. AI

Earlier this year, BNP Paribas Exane analyst William Packer memorably double-downgraded his outlook for Universal Music Group’s stock, with AI being a key reason for the move. Pershing Square, the NYC-headquartered hedge fund management company run by billionaire investor Bill Ackman – and the owner of approximately 10% of UMG – is at the other end of the spectrum.

Source: Bill Ackman’s Pershing Square stays bullish on Universal Music Group, even vs. AI: ‘The long tail of AI-generated content will likely never be heard and will not displace legitimate artists’ work.’