Universal Music Group Rejects Takeover Bid

Lionsgate has picked up “Tortures of the Damned,” the next horror project from “Terrifier’s” Damien Leone. The studio and filmmakers are keeping the plot under wraps, but given that Leone is the demented mind behind Art the Clown, it’s a pretty safe bet the bodies will

The board of Universal Music Group has rejected an unsolicited $64 billion takeover offer from Bill Ackman’s Pershing Square Capital, the company announced on Friday. The move comes a day after key shareholder Vincent Bollore urged UMG to reject the offer. The “Board of Directors has unanimously det