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,...

Creators from across the globe have adopted a declaration putting the protection of human creativity at the heart of artificial intelligence policies. The declaration, known as The Paris Commitment, was unveiled in Paris on June 4 during the centenary General Assembly of the International Confederation of Societies of Authors and Composers (CISAC). The declaration states: “At a time when rapid advancements in artificial intelligence risk undermining the value of creative work, we affirm a shared...