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Universal Music confirms €1 billion bond sale
The bond sale is split into two tranches of €500 million each, UMG said on Tuesday (June 9). Source...

Seeker Music inks global distribution deal with UMG’s Virgin Music Group
Virgin Music Group will serve as Seeker's global distribution partner for its catalog of recordings and new project releases. Source...

UMG and Sony urge court to reject Suno’s bid to seal the size of its AI training data, arguing the public has a right to see the scale of its copying
None of those justifications 'withstand scrutiny,' the labels told the court Source...

Universal Music Publishing Group unveils new brand identity
'Our new brand is about celebrating the enduring power of songwriting and giving it a clear voice, a lasting home, and a stronger future,' said UMPG Chairman and CEO Jody Gerson Source...

Indie music-focused streaming app Cantilever closes pre-seed round backed by labels including Domino, Ninja Tune and Sub Pop
All backers support the Organization for Recorded Culture and Arts (ORCA), forming the round during an ORCA discussion on the future of independent music. Source...

Sir Lucian Grainge likens ‘responsible AI’ to the arrival of sampling as he accepts Northeastern University’s inaugural Global Entrepreneur Award
The award was presented at Northeastern's seventh annual Global Leadership Summit on June 4 Source...

OpenAI confidentially files for IPO, a week after rival Anthropic did the same
The ChatGPT maker said it has not decided on the timing yet, adding that "there are things we want to do that are likely easier as a private company." Source...

Universal Music Greater China acquires Carrier Creative catalog, home to ‘golden-era’ Mandopop recordings by Little Tigers and Johnny Chiang
The deal was announced on Monday (June 8) at UMGC's inaugural China Summit in Beijing. Source...

Judge vacates order that sealed Udio’s ‘confidential’ data in Sony Music’s copyright lawsuit
The decision reopens the question of how much of the material that Udio has designated confidential will stay off the public docket. Source...

220+ rights orgs worldwide urge France’s National Assembly to adopt bill that would force AI firms to prove copyrighted content wasn’t used to train their tech
The Darcos bill would reverse the burden of proof in AI copyright disputes in France Source...

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