RT Avalanche Foundation 🔺 (@AvalancheFDN)The Avalanche Foundation is pleased to see EVEN provide its direct-to-fan platform to @UMG artists worldwide.This enables artists to engage fans and distribute content directly, supporting ownership, engagement, and new monetisation models.Powered by Avalanche 🔺 ...

Universal Music Group’s partnership with EVEN represents a smart business evolution.By formalizing EVEN as a global direct-to-fan platform, UMG is strengthening one of the most valuable assets in music: the artist-superfan relationship.In an era where streaming revenue is largely commoditized, owning premium access to superfans is where differentiated economics live.Better distribution + better fan monetization = better business.Powered by Avalanche.EVEN (@even_biz):Today we announced a multi-year agreement ...

Built for artists.Built for fans.Built on Avalanche.EVEN (@even_biz):Today we announced a multi-year agreement with @UMG to provide direct-to-fan infrastructure for their labels and artists worldwide.From developing artists to acts debuting at #1 on the Billboard 200 — we're building for the full spectrum.We're just getting started.Read more https://t.co/eTyDKVkpCt ...

Group 1 - The acquisition of Downtown Music for $775 million has been approved following concessions made by the companies involved [1] - This approval concludes a lengthy investigation into the acquisition process [1]

Summary of Pershing Square Holdings Investor Meeting (February 11, 2026) Company Overview - **Company**: Pershing Square Holdings (OTCPK:PSHZ.F) - **Key Speaker**: Ryan Israel, Chief Investment Officer - **Chairman**: Rupert Morley Core Industry Insights - **Market Context**: The current market environment is seen as fascinating for public market investors, with significant updates across the portfolio and broader business strategies being discussed [1][3]. Key Financial Performance - **2025 Performance**: - Net Asset Value (NAV) grew by **20.9%** - Total shareholder return was **33.9%** - Compound growth in NAV and share price over 8 years is **23%** [9][10]. - **Share Buybacks**: In 2025, **6.6 million shares** were repurchased for approximately **$370 million**, totaling **$1.8 billion** in buybacks since inception [12]. - **Dividends**: The company has paid out **$666 million** in dividends, with an **86%** increase since the dividend policy was amended in 2022 [11][12]. Strategic Updates - **Howard Hughes Holdings**: - Acquired **$900 million** worth of shares, increasing ownership to **46.9%** [8][9]. - Committed to purchasing up to **$1 billion** in preferred securities to facilitate the acquisition of Vantage, an insurance company [9][22]. - The transformation aims to turn Howard Hughes into a diversified holding company akin to Berkshire Hathaway [17][20]. Investment Strategy - **Investment Focus**: The strategy emphasizes acquiring high-quality, durable growth companies, with a focus on long-term value creation [17][20]. - **Recent Investments**: - New investments in **Hertz**, **Amazon**, and **Meta** were disclosed, with a focus on companies with strong growth potential [43][46]. - Exited positions in **Chipotle**, **Canadian Pacific**, and **Nike** due to underperformance [44][41]. Market Analysis - **S&P 500 Performance**: The S&P 500 has seen a **112%** increase over the last six years, with earnings growth being the primary driver [53][56]. - **Top Companies**: The top 10 companies in the S&P 500 are expected to grow earnings at **25%**, significantly influencing overall market growth [58][59]. - **Valuation Insights**: Current market multiples are seen as potentially undervalued given the expected earnings growth, suggesting optimism for future performance [59][60]. Organizational Updates - **Team Expansion**: New hires include Jordan Aguiar-Lucander, Jill Chapman, and Lucas Richards, enhancing the investment and legal teams [49][50]. - **Investment Philosophy**: The firm maintains a concentrated investment strategy, focusing on a select number of high-quality businesses while keeping a library of potential investment opportunities [52][60]. Conclusion - **Future Outlook**: The firm is optimistic about navigating the current market environment, leveraging its investment strategy and organizational strengths to capitalize on emerging opportunities [45][51].

Core Insights - The MUSQ Global Music Index ETF (MUSQ) benefits from the global appeal of music, highlighted by Bad Bunny's performance at Super Bowl LX, which enhances the ETF's visibility and potential growth in the music industry [1] Group 1: MUSQ ETF and Market Dynamics - MUSQ ETF is positioned to capitalize on the growing global music industry, valued at over $30 billion, by including a diverse range of holdings such as streaming services, hardware providers, and live event companies [1] - The ETF includes significant holdings in Apple, Sony, Live Nation Entertainment, and Universal Music Group, which are poised to benefit from cultural events like the Super Bowl [1] Group 2: Apple Music's Role - Apple Music has seen substantial growth, with over 90 million subscribers and generating $9.2 billion in revenue, accounting for 6.4% of Apple's total revenue [1] - Apple's sponsorship of the Super Bowl enhances its brand visibility and serves as a revenue driver through music subscriptions, further solidifying its position in the music streaming market [1] Group 3: Impact of Super Bowl on Music Sales - The "Super Bowl Bump" phenomenon indicates that artists featured in the halftime show often experience significant increases in sales and streaming, as evidenced by Kendrick Lamar's 91% increase in streams following his performance [1] - This trend is expected to benefit Bad Bunny, who is associated with Rimas Entertainment, a label that utilizes The Orchard for distribution, a subsidiary of Sony, which is also a MUSQ holding [1] Group 4: Live Music and Revenue Growth - The post-pandemic rise in live music attendance is translating into increased ticket sales, which is beneficial for Live Nation Entertainment, the top holding in MUSQ at 10.4% [1] - The Super Bowl serves as a launchpad for artists to embark on global tours, further driving revenue growth in the live entertainment sector [1]

NetEase, Inc. (NASDAQ:NTES) is one of the Top 15 Chinese Companies on US Exchanges. On January 20, NetEase, Inc.’s (NASDAQ:NTES) music arm, NetEase Cloud Music, and Universal Music Group (UMG) announced a strategic partnership for UMG’s world-leading music catalog of recordings and artists. NetEase Becomes a Distributor for Universal Music Group in China, Set to Support Local Talent Photo by Caught In Joy on Unsplash The partnership is a multi-year licensing agreement under which UMG’s music will be av ...

Core Viewpoint - A group of music publishers, led by Concord Music Group and Universal Music Group, is suing Anthropic for illegally downloading over 20,000 copyrighted songs, with potential damages exceeding $3 billion, marking it as one of the largest non-class action copyright cases in U.S. history [1] Group 1: Lawsuit Details - The lawsuit is filed by the same legal team involved in the Bartz v. Anthropic case, where Anthropic was accused of using copyrighted works to train its AI products [2] - In the Bartz case, a ruling allowed Anthropic to train models on copyrighted content but deemed piracy illegal [2] - The music publishers initially filed a lawsuit regarding 500 copyrighted works but discovered thousands more during the Bartz case discovery process [4] Group 2: Financial Implications - The Bartz case resulted in a $1.5 billion penalty for Anthropic, with affected writers receiving approximately $3,000 per work for around 500,000 copyrighted works [3] - Despite the $1.5 billion penalty, it is not significantly burdensome for a company valued at $183 billion [3] Group 3: Legal Proceedings - The publishers attempted to amend their original lawsuit to include piracy claims, but the court denied this motion, leading to the filing of a separate lawsuit against Anthropic and its executives [5] - The lawsuit accuses Anthropic of building its business on piracy, despite its claims of being an AI safety and research company [6]

Group 1 - Universal Music Group is poised to receive conditional EU antitrust approval for its $775 million acquisition of Downtown Music [1]

Group 1 - U.S.-based Universal Music Group has entered into a partnership with Chinese music streaming service NetEase Cloud Music [1]