Universal Music Group Nashville has joined forces with producer ... part of the USA TODAY NETWORK — Tennessee. Reach Melonee at [email protected], on X @HurtMelonee or Instagram at ...

The deal requires Pershing to sell at least $500 million worth of its UMG holdings as part of the listing process.

Universal Music Group said on Wednesday that billionaire Bill Ackman-led Pershing Square has exercised its right to request an offering and secondary listing of the record label in the United States.