Universal Music Group banked gross proceeds of EUR €403 million (USD $467 million) from selling part of its Spotify shareholding during the first half of 2026. On MBW‘s calculations, UMG artists could be in line for approximately $131 million of that money. The sale figure was disclosed by UMG CFO Matt Ellis on the company’s Q2 and H1 2026 earnings call on Thursday (July 30).
Source: Universal Music Group sells $467M in Spotify stock – artists set to be paid $100M+