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Friday Sep 03, 2021
Friday Sep 03, 2021
YouTube Music’s free and paying subscribers reached 50 million subscribers recently, according to a blog post written by YouTube’s global head of music Lyor Cohen. This is a 15 million subscriber increase since last October’s announcement made by Alphabet CEO Sundar Pichai.
Apple will now allow companies like Spotify and Netflix to include web page links within their iOS apps in the App Store for subscribers to directly sign up to the service. The change was made as a result of an investigation by Japan’s Fair Trade Commission.
Vivendi announced that Bill Ackman’s Pershing Square Holdings is acquiring another 2.9% of Universal Music Group for just under $1.15 billion. This follows their 7.1% acquisition for $2.8 billion, totaling the stake to 10% of UMG’s share capital. The music company plans to go public as early as next month.
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