The Music Industry Is in Turmoil, Will the Shark Bill Ackman Solve Them?

El Pais

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The music industry lives a peculiar time in the financial markets. Large record companies spend difficulties on the stock market while the main merchandise they move, their songs, take on their own life as an asset: the catalogues are sold independently at ever higher prices. In December 2020, Bob Dylan sold the rights of his 600 songs to Universal Music for a figure he did not want to count, but that the American media numbered about 300 millio…

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The recent movement of Bill Ackman, the activist investor, to take control of Universal Music Group through the management company Pershing Square Capital Management has re-generated nerves in the music industry. The investor has been one of the key economic pieces within Donald Trump’s election campaigns and remains one of the great advocates of politics in defense of the State of Israel; his figure has re-generated an earthquake in the cultura…