Universal Music Group
For any aspiring musician, landing a record deal with Universal Music Group would be a dream come true. The music industry is dominated by one of the “Big Three” record labels, which includes Warner Music Group and Sony Music Entertainment. For nearly a century, UMG has been a part of the entertainment industry.
Universal Music Group
Despite the fact that it has aided in the development of many local artists, it is no longer a wholly American company. The majority of the company was owned by Vivendi, a French conglomerate, for over a decade. Nonetheless, in the year 2020, it agreed to sell its stake to Tencent. The Shenzhen-based corporation paid $33.4 billion for a 10% stake in Universal Music Group’s music business.
WeWork
We’re sure you’ve noticed an increase in the number of shared workspaces in recent years. Freelancers and small businesses will appreciate this setup. WeWork took advantage of this when it first opened its doors a decade ago. It now covers over 4 million square meters in total!
WeWork
Nevertheless, in 2016, the company faced a difficult period and required additional funding. Legend Holdings Corp., a Beijing-based company, joined the company as a “new partner” and invested more than $430 million in the venture. To put it another way, Legend Holdings Corp.’s John Zhao went so far as to say, “Our investment in WeWork is both strategically important and clear.”
