The new publishing agreement establishes a direct license between Spotify and Universal Music Publishing Group.

The deal requires Pershing to sell at least $500 million worth of its UMG holdings as part of the listing process.

Spotify is probably the worst thing that has happened to musicians.” Despite new agreements between the world’s largest music ...

Spotify has been ramming nearly every subscriber into a cut-rate bundled package — and boasting about the huge royalty savings while fighting publishers tooth-and-nail. Now, there’s serious pushback ...

Universal Music Group said on Wednesday that billionaire Bill Ackman-led Pershing Square has exercised its right to request an offering and secondary listing of the record label in the United States.