Universal Music Group, the world's biggest music label, disclosed on Monday that it had confidentially filed for a U.S. listing.

Universal Music Group's (UMG) - which is the world's biggest music group and owner of the record labels behind mega stars Taylor Swift, Drake and Lady Gaga - has filed to sell its shares in the US. The company,

The group behind Taylor Swift and Lady Gaga submitted a confidential proposal with the Securities and Exchange Commission.

American firm, which represents the likes of Taylor Swift and Billie Eilish, is already listed in the Netherlands. View on euronews

Universal Music Group N.V. (OTCPK:UMGNF) has confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission relating to a proposed public offering in the United States of the Company's ordinary shares held by certain shareholders.