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From UMG’s ‘robust remedy’ to address Downtown deal concern, to GoDigital Music’s Marc Anthony catalog buy… it’s MBW’s weekly round-up
The biggest headlines from the past few days... Source...
UMG submits ‘robust remedy’ to EU regulator to address ‘only remaining concern’ about $775m Downtown deal
Universal Music Group has submitted what it calls a “robust remedy” to the European Commission, following receipt of a Statement of Objections last month regarding its proposed $775 million acquis...
GoDigital Music buys Marc Anthony catalog in eight-figure deal; acquires broader tranche of Latin music rights in separate $115m transaction
GoDigital Music says it has acquired "several" Latin music catalogs in a transaction valued at approximately $115m. Source...
Warner Music Australasia and SE Asia makes series of promotions to strengthen leadership team
Key leaders will help strengthen the regional roster and accelerate global artist export. Source...
Sony Music Publishing signs global deal with BigXthaPlug
The announcement comes days before the Texas-born rapper embarks on his Take Care tour across the U.S. and Canada. Source...
Jay-Z’s MarcyPen Capital eyes $500m Korean culture investment fund in partnership with Hanwha Asset Management
Partnership arrives amid the rising global popularity of Korean music and entertainment Source...
10cc’s Graham Gouldman sues ex-manager for allegedly ignoring copyright terminations
Gouldman says ex-manager Harvey Lisberg has ignored termination notices on the copyrights of 13 compositions Source...
Pro Music Rights says it’s ‘exploring legal action’ in response to Congressman letter calling for FTC investigation
US Representative Scott Fitzgerald's requested a Federal Trade Commission investigation into the PRO's business practices. Source...
Rostrum Pacific secures $150m from Crayhill Capital to ‘accelerate’ music catalog acquisition strategy
Rostrum aims to become 'the preeminent independent music company,' and acquisitions are a part of its strategy Source...
Spotify to let users ‘steer the algorithm’ by personalizing playlists with AI prompts
The new feature is 'part of a broader shift in how we think about personalization,' Spotify says Source...
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