The European Commission's preliminary view on the proposed acquisition of Downtown Music Holdings by Universal Music Group (UMG) through its affiliate Virgin Music Group, is that the merger "may restrict competition in the market for the wholesale distribution of recorded music."
The determination was made by the Commission's competition division in a Statement of Objections sent to UMG. In European lingo, a Statement of Objections is a formal step in a competition investigation, through which t...

Warner Music Group has settled its copyright infringement suit against Suno, and announced a new partnership with the music AI company that will "open new frontiers in music creation, interaction, and discovery, while both compensating and protecting artists, songwriters, and the wider creative community."
WMG said the deal "brings together Suno's best-in-class AI capabilities with WMG's artist development leadership and expertise at the intersection of music and technology." The deal appears to...

NASDAQ-listed independent music company Reservoir Media has set up a new joint venture with Jamaican artist Cordell “Skatta” Burrell and reggae and dancehall publisher Abood Music. Through the partnership, they will look to both acquire catalogues and sign and develop Jamaican artists and songwriters.
Abood Music was launched in 2001 by Jamdown Records founder Othman Mukhlis, focusing on Jamaican and international music. Abood Music has over 120 Jamaican client, including Skatta, an artist, son...