Edgar Bronfman, Jr. Cameron Costa | CNBC The future of Paramount Global is still uncertain. Paramount’s special committee on Wednesday said it would extend by 15 days an agreed-upon “go shop” period of its merger agreement with Skydance as it reviews a competing offer from Edgar Bronfman Jr. Bronfman initially offered $4.3 billion for Shari … Read more
The Warner Music Group logo is displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Warner Music is laying off 600 employees, or about 10% of its workforce, according to a Wednesday filing. The company said the layoffs are part of a broader restructuring plan aimed at saving costs to invest in more … Read more
Allen J. Schaben | Los Angeles Times | Getty Images Universal Music Group said on Wednesday that it will cease licensing its music to TikTok and accused the short-form video giant of bullying and intimidation in its contract negotiations. A music licensing agreement between UMG and TikTok, which is owned by Chinese tech giant ByteDance, … Read more
