Matt is joined by Bloomberg’s Lucas Shaw to discuss the business behind Justin Bieber’s Coachella performance, Ye’s successful mini comeback in Los Angeles, and Bill Ackman’s $64B bid to buy UMG (02:29). Matt finishes the show with a prediction about Hollywood’s letter opposing the Paramount-Warner Bros. merger (22:40). Host: Matt Belloni Guest: Lucas Shaw  Producers: Craig Horlbeck and Matt Pevic Theme Song: Devon Renaldo This episode is brought to you by AMC+. Start your free trial today at join.amcplus.com Learn more about your ad choices. Visit podcastchoices.com/adchoices