Universal Music Group
Lorde becomes independent artist after ending UMG deal
An Ruwaito ta hanyar AI Hoton da AI ya samar
Lorde announced on March 18, 2026, that she is now an independent artist after her long-term contract with Universal Music Group concluded at the end of last year. The deal, which began when she was 12 years old, covered her first four albums. She described the move as providing a 'clean slate' while expressing fondness for her former label.
Pershing Square Capital Management has made a non-binding offer to acquire Universal Music Group, with headlines citing a $64 billion valuation but details revealing a more modest cash component. The proposal allows shareholders to choose between cash or a mix of cash and new shares. Music investors and executives view the bid as an attempt to take control on the cheap.
An Ruwaito ta hanyar AI
Universal Music Group's board of directors expressed complete confidence in its leadership following an unsolicited takeover bid from Pershing Square. The investment firm, led by Bill Ackman, proposed acquiring UMG in a deal valuing the company at more than $60 billion. The board said it would review the non-binding offer in line with its fiduciary duties.