Universal Music Group Sues Investment Platform Republic Over Music Industry Trademark Claims
Universal Music Group (UMG) has filed a lawsuit against investment platform OpenDeal (operating as Republic) over alleged trademark infringement of UMG's Republic Records trademarks following Republic's expansion into music investments.
Republic Records white logo
Key Details of the Lawsuit:
- Filed in New York federal court
- Triggered by Republic's October announcement of music investment offerings
- UMG sent a cease-and-desist letter two days after the announcement
- Settlement discussions throughout October ended without resolution
- Republic proceeded with launch on November 4th
The Alleged Infringement:
- Republic's first music investment offering was a stake in "Mona Lisa" by Lil Pump featuring Soulja Boy
- The offering reached its $500,000 maximum within two hours
- UMG claims Republic is targeting the same audience as Republic Records (artists, labels, managers, agents, fans)
- The services overlap with typical record label offerings, including sound recordings, merchandise, event tickets, and royalty payments
Instances of Confusion:
- A music industry publication incorrectly categorized articles about Republic platform with Republic Records
- A Republic Records executive experienced confusion during a blockchain/cryptocurrency meeting where their "Lil Pump initiative" was mistakenly attributed to them
UMG's Position:
- Does not object to Republic's use of the name for non-music investment services
- Seeks preliminary and permanent injunction against Republic's use of the mark for music-related services
- Requesting damages for alleged infringement
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