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Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be certain you caught the 5 largest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their revenue and cut back their touring prices.
On Friday (April 25), the European Fee confirmed that it plans to analyze Common Music Group‘s proposed $775 million acquisition of Downtown Music.
Additionally this week, Warner Music Group sued cookie chain Crumbl for copyright infringement, alleging unauthorized use of 159 recordings and compositions in promotional movies posted to TikTok and Instagram the place the corporate has tens of millions of followers.
Elsewhere, Common Music Group Nashville rebranded as Music Company of America (MCA), led by Mike Harris (President & CEO) and Grammy Award-winning producer Dave Cobb as Chief Inventive Officer.
In the meantime, we reported that Stay Nation has acquired Hayashi Worldwide Promotions (HIP), one among Japan’s largest live performance promoters with over 40 years of historical past.
Lastly, Pink Floyd’s David Gilmour filed a trademark infringement lawsuit towards the operator of otherbrick.com for allegedly promoting counterfeit merchandise utilizing his identify with out permission.
European regulators are formally getting ready to analyze Common Music Group‘s proposed $775 million Downtown Music acquisition.
The Monetary Instances first reported that an announcement a couple of probe into the deal was anticipated at this time (April 25). The official announcement has now arrived.
The European Fee confirms that it has accepted requests submitted by Austria and the Netherlands to evaluate the proposed acquisition of Downtown by UMG below the EU Merger Regulation (EMMR).
The FT quoted UMG within the preliminary report as stating that the corporate seems to be “ahead to persevering with to co-operate with the fee” and that “we’re assured that we are going to shut this acquisition within the second half of the 12 months, on its unique timeline.”
UMG’s Virgin Music Group revealed in December that it had agreed to purchase Downtown Music Holdings LLC….
Warner Music Group has sued US cookie chain Crumbl, alleging that it constructed its enterprise by means of “blatant, willful, and repeated copyright infringement.”
The grievance was lodged in a US District Court docket in Utah on Tuesday (April 22), claiming Crumbl used not less than 159 of WMG’s recordings and compositions in promotional movies posted to TikTok and Instagram, the place the cookie firm has 9.8 million and 6.1 million followers, respectively.
“Defendants have misappropriated not less than 159 of the most well-liked and priceless sound recordings and musical compositions available in the market, utilizing these inventive works to construct Defendants’ model profile and drive huge gross sales to Defendants with none compensation to Plaintiffs,” the lawsuit stated…
Common Music Group Nashville has been rebranded as Music Company of America (MCA). UMG stated on Thursday (April 24) that the brand new identify “speaks to creativity, creativeness, an honored legacy and the way forward for music’.
The transfer arrives two months after UMG reorganized its Nashville-based operations, with extremely revered Music Row govt Mike Harris appointed CEO.
Dave Cobb, a nine-time Grammy Award-winning producer, who UMG famous on the time, has “had vital affect on the sound of Music Metropolis”, was appointed Chief Inventive Officer.
Most not too long ago, in accordance with UMG, below the management of Harris and Cobb, the newly minted MCA enters “a brand new period with a daring imaginative and prescient for Nashville’s future…”
Pink Floyd’s David Gilmour has filed a trademark infringement lawsuit towards the operator of an internet site claimed to be promoting counterfeit merchandise.
The lawsuit, filed in Illinois on Monday (April 21) towards the Proprietor and/or Operator of otherbrick.com, states that it was filed “to fight on-line counterfeiters who commerce upon [Gilmour’s] fame and goodwill by promoting and/or providing on the market merchandise in reference to” the David Gilmour trademark.
The web site on the centre of the lawsuit claims on its ‘about web page’ to be the “final vacation spot for Pink Floyd-inspired merchandise,” together with T-shirts and equipment to residence decor” that “mirror the spirit of this iconic band”.
The web site additionally options David Gilmour-related merch, which the lawsuit claims is being bought with out his permission…
