UMG May Sell Curve Royalty Systems to Smooth Downtown Deal

UMG may sell Curve Royalty Systems to smooth Downtown deal

Yesterday, we reported that Universal Music Group had submitted what it described as a “robust remedy” to persuade European regulators to give its Downtown Music acquisition the green light. We also suggested that since the EC’s concerns focused on royalty-processing division Curve, divesting that might be an option. That has since been confirmed as the plan. MBW reported that […] The post is from Music Ally.

Universal Music Floats Curve Sale Amid EU's Downtown Review

Universal Music has reportedly offered to sell Curve in an effort to secure EU regulatory approval for its $775 million Downtown Music deal.