The spin-off of Curve, a royalty accounting and rights management business, fulfills a stipulation made by regulators when they approved the Downtown sale.
Matt Spetzler, Richard Leach & Charlie Lexton
Courtesy
Independent music label collective Merlin and music tech investment firm Jamen Capital said on Monday (June 8) they plan to buy Curve Royalty Systems from Virgin Music Group.
Curve, a royalty accounting and rights management business, was previously owned by Downtown Music Group. Its sale to Merlin and Jamen fulfills a requirement European regulators outlined when they approved Virgin parent Universal Music Group’s acquisition of Downtown over concerns that Curve could give Virgin upstream data about rival labels. Terms of the deal were not disclosed, and it remains subject to approval by the European Commission.
