Universal Music Group (UMG) officially rejected a $64 billion takeover bid from Pershing Square Capital Management. Following the rejection, UMG repurchased $290 million of its stock.
Suno, an artificial intelligence music company, secured $400 million in funding, resulting in a company valuation of $5.4 billion. Anthropic confidentially filed for an initial public offering.
Taylor Swift released an original song for the upcoming fifth installment of the Toy Story film series. Sabrina Carpenter obtained a restraining order against an individual alleged to have stalked her.
Garth Brooks is reportedly considering the sale of his music catalog for $2 billion. The estate of Lead Belly filed a copyright infringement lawsuit against several publishers.
M.I.A. filed a lawsuit against Kid Cudi, alleging that he directed Live Nation to remove her from his recent tour, resulting in a loss of a $2.8 million performance guarantee. Nelly was awarded $67,500 in attorney fees to be paid by the lawyer representing his former bandmate in a prior suit.
A lawsuit regarding copyright claims against Travis Scott, SZA, and Future for their track ‘Telekinesis’ was dismissed. A U.S. appeals court overturned a 2024 ruling that had allowed 2 Live Crew to reclaim ownership of albums recorded in the 1980s.
GRAMMY winner Peabo Bryson was awarded $1.5M after winning a case against a man who falsely claimed to be his son. New Releases and Legal Actions are constantly unfolding in the music world.
