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MusicBird Scores $100 Million Loan, Sets Sights On Additional IP
Stockholm-dependent NoNoNo, which inked a catalog deal with MusicBird in 2021. Photo Credit history: Akam1k3 Swiss catalog-financial investment firm MusicBird has announced that it’s secured a $100 million mortgage to bankroll additional track-legal rights acquisitions. MusicBird unveiled the “up to $100 million” term mortgage facility (supplied by Tokyo’s Mitsubishi UFJ Economic Group) by way of a official release nowadays. Launched in 2020, the Wollerau, Schwyz-headquartered enterprise named Paul Brown (formerly with Pandora, Spotify, and Sony Audio) CEO in direction of 2021’s stop. And predictably, presented this recently in-depth financing, MusicBird – which claims that it employs “a facts-driven, agile tactic to investing” – intends “to scale its tunes rights portfolio…
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Sony Music Scores Partial Summary Judgement Win In Bang Suit
A federal choose has partly granted Sony New music Entertainment’s movement for summary judgement in a significantly-publicized copyright infringement struggle with Bang Strength Consume. This most up-to-date growth in the higher-profile infringement circumstance – which kicked off in August of 2021 and is different from an ongoing courtroom confrontation amongst Essential Pharmaceuticals (which operates as Bang Energy) and Universal New music Team – just lately arrived to light in a 35-web site-extended omnibus get. The actions from UMG and SME centre on Bang’s allegedly unauthorized use of tunes in marketing films on TikTok – which include the alleged infringement of 211 recordings that Sony New music owns or controls. Claimed…
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