Universal Music Group has addressed concerns regarding the proposed $775 million acquisition of independent music company Downtown Music by offering an unspecified remedy to the European Commission.
UMG said the remedy proposal followed "constructive conversations" with the Commission. "We have submitted a robust remedy that comprehensively addresses the Commission's only remaining concern," said UMG in a statement. "This deal is about offering independent music entrepreneurs access to world-cl...

US lawyer Jason E. Sloan has joined Pryor Cashman as a partner in the law firm's Litigation Group and the Music, Intellectual Property, and Media + Entertainment Practices in New York.
Sloan joins Pryor Cashman after a decade at the United States Copyright Office, where he most recently served as Assistant General Counsel. t the Copyright Office, he handled a broad portfolio of regulatory, policy, and litigation matters, including advising Congress on legislation and working closely with the De...

Who will eventually acquire Warner Bros. Discovery? The film has now more twists than your average Hollywood movie. In a first sequence, Netflix won an initial $82.7 billion bid for the company, approved by both WBD's management and board, setting in motion a wave of reactions, including from President Donald Trump.
But Paramount, which was also bidding for WBD, has mounted a hostile takeover of WBD, offering $30 a share for WBD, in an all-cash transaction valuing the company at $108bn, in a pro...