Universal Music Group Nominates Nicole Avant, Sherry Lansing as New Board Members
Universal Music Group has nominated Nicole Avant, Sherry Lansing, William Ackman and Cyrille Bollore to join its board of directors.
The music giant, eyeing new strategic advice from the streaming arena, put forward its names ahead of an annual shareholders meeting in Amsterdam on May 12. As the largest music publisher, UMG derives significant cash flows from streaming services like Spotify, Apple Music and Amazon Music, as well as from platforms like YouTube and TikTok.More from The Hollywood Reporter'Sweet Caroline' Songwriter Neil Diamond Sells Song Rights to Universal MusicSting Sells Song Catalog to Universal Music PublishingHedge Fund Titan Bill Ackman Buys...