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AXIOS (Sara Fischer) - Spotify bets on taste as differentiator in the AI era

Spotify believes it will become much more profitable over the next four years by leveraging AI to build a "large taste model" that supports interactive sharing over passive listening. Why it matters: The streamer spent the past four years proving it could turn its popularity into a meaningful business . Now, it wants to show Wall Street it can sustain and build on that momentum in the agentic era. Driving the news: Leaning into taste as a strategic differentiator will help the streaming giant create a stickier audio ecosystem and strike more partnerships that serve fans, executives told investors at an event in New York City on Thursday. - The company unveiled a new "Reserved" ticketing service, in partnership with Live Nation, that…

JUSTTHENEWS (Misty Severi) - Bill Ackman offers to purchase Universal Music Group for $64 billion

The billionaire proposed keeping Universal Music’s CEO Lucian Grainge in his current position while installing former Disney CEO Michael Ovitz as chairman of the board and adding two representatives from Pershing Square to the board.