The record label behind Taylor Swift plans to launch a U.S. offering of some shares owned Bill Ackman’s Pershing Square, as the hedge-fund billionaire pushes for a U.S. listing.

Universal Music Group shares will be dual-listed on a U.S. exchange in 2025 as Pershing Square sells some of its stake for a U.S. listing.

Universal Music Group NV has agreed to plan a US share sale by Sept. 15, in order to fulfill an agreement with billionaire Bill Ackman’s hedge fund Pershing Square.

Los Angeles in the past week, Universal Music Group (UMG) announced it is canceling all of the company’s Grammy-related events, including its artist showcase and after-Grammy party, and will instead “redirect the resources that would have been used for those events to assist those affected by the wildfires.

Grammy Awards are slated to take place on the ceremony’s original date of Feb. 2 and sources say the Clive Davis party is still on.

The Grammy Awards are still set to take place on February 2, but the three major labels have cancelled their Grammy week events. Here’s the latest. Despite the deadly wildfires ravaging the Los Angeles area,