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Frontman Fred Durst claimed in the suit that UMG used a system "deliberately designed to conceal artists’ royalties and keep those profits for itself"
Universal Music Group announced a deal with AI startup SoundLabs on Tuesday, with artists getting access to its voice-model tech later this summer
The decision comes three months after UMG's music was removed from the platform after the companies failed to reach a new deal
“We urge an end to the violence in Ukraine as soon as possible,” the company said in a statement
Acquisition includes the rights to over 100 unreleased songs, including a full album, as well as archival video
“It is absolutely essential to me that my career’s body of work have a home where it is valued and respected,” singer says of latest big money deal for music rights
Lil Yachty and Tierra Whack join the likes of Post Malone and Katy Perry on the upcoming celebrity-studded compilation album
Analysts suggest that the world’s biggest music rights-holder could be worth three times its current public valuation
Stars like Ariana Grande and Shawn Mendes will release hour-long, soothing versions of their songs as part of a new partnership between Calm and Universal Music Group
Acquisition covers over 600 songs up through Rough and Rowdy Ways, estimated to be worth over $300 million
