Taylor Swift’s record label, Universal Music Group (UMG), has filed confidential statements with the US Securities and Exchange Commission (SEC) to sell shares in the US market. The move comes as US share indexes reached fresh record highs.
The world’s largest music group owns some of the biggest names in the industry, including Taylor Swift, Drake, Lady Gaga, Billie Eilish, Ariana Grande, and Harry Styles. UMG is already listed on the Netherlands’ stock exchange, with a valuation of almost €50bn ($43.3bn; $58.5bn).
The company’s filing is subject to review by the SEC, which may affect the size of the planned offering and how much it could raise. Billionaire investor Bill Ackman has pushed UMG to list in the US, citing improved trading liquidity for its shares.
UMG owns major record labels like Motown Records and Capitol Music Group, which have counted legendary artists like Marvin Gaye, Michael Jackson, the Beatles, and Katy Perry among their roster. The company was involved in a dispute with TikTok over royalties in 2024, leading to muted or removed UMG music from social media platforms until an agreement was reached in May that year.
Source: https://www.bbc.com/news/articles/ce9xlmpz129o