Late last month, Universal Music Group (UMG) confirmed plans to sell 50% of its Spotify stock – while claiming that “artists will share in the proceeds.” But pressing questions remain about what this possible distribution will look like in practice. Those questions are taking center stage now that the dust has settled from UMG’s Spotify stock sale disclosure. As reported, Universal Music brass unveiled the divestment after Bill Ackman’s Pershing Square floated the idea of offloading the shares under a massive takeover proposal.
Source: The $1.4 Billion Question: Will UMG Actually Share Its Spotify Stock Windfall With Artists?