The publishers claim X never attempted to secure an individual license and that X cannot cite an example of a music publisher rejecting such a request.
"UMG's stock price has languished due to a combination of issues that are unrelated to the performance of its music business and importantly, all of them can be addressed with this transaction," says Ackman
"We see tremendous opportunity ahead and are excited to continue expanding our reach while delivering unforgettable experiences for audiences and partners across the U.S."
The Floyd Abrams Institute brief advances an argument that wasn't previously central in the case: that Drake consented to the allegedly defamatory statements, barring his lawsuit under established defamation law.
Universal Music Group and Believe have settled the copyright infringement lawsuit filed against the Paris-headquartered music company and its distribution platform TuneCore in late 2024. A Joint Stipulation of Dismissal With Prejudice was filed today (April 3) in the US District Court for the Southern District of New York, confirming that all claims in the … Continued