Royalty accounting platform Curve Royalty Systems, which is part of the Downtown Music assets acquired by Universal Music Group earlier this year, will be sold to private investment firm Jamen Capital and digital licensing company Merlin. The sale, the terms of which were not disclosed, was a condition to the European Commission’s clearance of UMG’s acquisition of Downtown Music Holdings through Virgin Music Group in February of this year. The transaction remains subject to final Euro...

The American Federation of Musicians (AFM) of the United States and ‌Canada has sued Warner Music Group (WMG) and Universal Music Group (UMG) in the US District Court for the Southern District of New York for "Breach of a Labor Contract" due to their failure to compensate musicians taking part in recordings that have been part of a settlement with, and licensed to AI companies such as Udio and Suno. "The AFM brings this lawsuit because Defendants, two of the largest music companies in the world,...

Warner Chappell Music (WCM) has promoted Julian Franzoni as the new General Manager for Argentina and Uruguay. He reports to Gustavo Menéndez, President, US Latin & Latin America, Warner Chappell Music. In his new role, Franzoni will oversee the company's regional operations and will focus on "driving regional growth and creating new global opportunities for the publisher’s growing roster." Franzoni joined WCM in 2016 and rose through the ranks in the A&R team, from consultant to direc...