Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be sure you caught the 5 greatest 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.
This week, the European Fee set a provisional deadline of July 22 to make its preliminary resolution within the Part 1 investigation of Common Music Group‘s proposed acquisition of Downtown Music Holdings.
Elsewhere, HarbourView Fairness Companions is main an $85 million funding in Animaj, a children and household content-focused leisure firm which makes use of “proprietary GenAI instruments”.
Additionally this week, a copyright lawsuit between a gaggle of music publishers and Elon Musk’sX has been paused for 90 days whereas they attempt to settle out of courtroom.
In the meantime, the US Supreme Court docket has rejected an try at a rehearing in a copyright infringement case over Ed Sheeran’s hit Considering Out Loud.
Lastly, US President Donald Trump prolonged ByteDance‘s deadline to promote TikTok’s US operations by one other 90 days, pushing the most recent deadline to mid-September.
Europe’s competitors watchdog – the European Fee – revealed in April that it was making ready to examine Common Music Group‘s proposed acquisition of Downtown MusicHoldings.
UMG was required to formally notify the EU in regards to the deal, which might kickstart a Part 1 investigation, on the finish of which we’ll discover out if the deal has been accepted or raises severe competitors considerations. We gained’t have lengthy to attend…
HarbourView Fairness Companions is main an $85 million funding in Animaj, a children and household content-focused leisure firm.
Animaj makes use of proprietary GenAI manufacturing instruments and what it calls a “multi-platform franchise-building mannequin”.
The Paris-headquartered firm says that it “acquires and scales high-potential IPs through the use of data-driven insights, automating animation pipelines by means of AI,” after which distributing that content material to platforms like YouTube, Roblox, TikTok, and Spotify.
The various music publishers who sued Elon Musk’s X over alleged copyright infringement are aiming to settle the matter out of courtroom.
That’s in line with an order for a keep of proceedings filed by the courtroom on Wednesday (June 11), and obtained by MBW.
In line with the order, the choose has briefly frozen all authorized proceedings on this case for 90 days after each events collectively requested the pause to attempt to settle the dispute exterior of courtroom
The US Supreme Court docket has rejected an try at a rehearing in a copyright infringement case over Ed Sheeran’s hit Considering Out Loud.
On Monday (June 16), the Supreme Court docket refused to listen to an attraction from Structured Asset Gross sales (SAS) – which misplaced a case in a decrease courtroom, the place it claimed that Considering Out Loud violated the copyright on Marvin Gaye’s 1973 track Let’s Get It On…. (MBW)
US President Donald Trump will prolong ByteDance‘s deadline to promote TikTok’s US operations by one other 90 days, pushing the most recent deadline to mid-September.
White Home Press Secretary Karoline Leavitt mentioned in a assertion to a number of information shops on Tuesday (June 17): “President Trump will signal an extra Government Order this week to maintain TikTok up and working.”
