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Who Is Bill Ackman, UMG’s New Anchor Investor?

Investor and hedge fund manager Bill Ackman has made and lost billions making bold risk. He famously lost a billion-dollar bet shorting shares of Herbalife, was called an a–hole by now-President Joe Biden following a joke gone awry at a high-end Las Vegas dinner in 2017 and commands a cult-like reverence from some retail investors who call their unflinching belief in his investment strategy “hopium” because of his basic-to-the basics approach to growth investment.  After months of signaling […]

Ibiza Outdoor Clubs Could Reopen by Mid-July

After what have surely been the strangest 14 months in recent memory for Ibiza, there is some forward motion — and a few steps backwards — for clubs on the famed island dance music mecca. In a June 1 interview with Spanish radio station La Cadena SER, Eivissa Leisure Association manager José Luis Benítez said […]

Yo Gotti’s CMG Label Teams with Interscope Geffen A&M on Artist Development

Interscope Geffen A&M (IGA) and rapper Yo Gotti’s Collective Music Group (CMG) have partnered to further develop and support CMG’s roster of artists including Moneybagg Yo, 42 Dugg and EST Gee, it was announced today. The collaboration has already produced successes for Moneybagg Yo, who recently earned his first-ever Billboard 200 No. 1 album with […]