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MusicRadar
MusicRadar
Entertainment
Dan Mold

Universal Music Group, home to Taylor Swift, Drake, Elton John and other stars receives record $63bn buyout offer

Taylor Swift Drake UMG Universal Music Group United States Bill Ackman Lucian Grainge Pershing Square Capital
Taylor Swift singing on stage holding a gold microphone with lights in a stadium behind her.

Bill Ackman, one of the most well-known investors in America, has made an offer to buy Universal Music Group (UMG) through his hedge fund Pershing Square Capital at a staggering $63bn (£48bn).

UMG is the largest music label globally, with an estimated 31-38% market share and is home to huge stars including Taylor Swift, Billie Eilish, Adele, Post Malone, Kendrick Lamar and Drake to name but a few. It’s one of the ‘big three’ major record labels, alongside Sony Music Entertainment (20-25%) and Warner Music Group (15%).

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