Ackman Abandons UMG Takeover; Canada Rejects Streaming Tax Hike; NHL Revenues Reviewed
Hedge fund manager Bill Ackman has withdrawn his bid for Universal Music Group. Meanwhile, Canada has decided against increasing its streaming tax, and the NHL reviews its latest revenue figures.
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_Originally reported by [Pollstar](https://news.pollstar.com/2026/06/05/the-biz-all-or-nothing-ackman-pulls-out-of-umg-after-failed-takeover-canada-nixes-streaming-tax-hike-nhl-revenues/)._
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