Universal Music Group and its subsidiary Virgin Music Group have agreed to sell Curve Royalty Systems to Jamen Capital and Merlin. The sale is the divestment that the European Commission required as a condition of clearing Universal Music Group‘s $775 million acquisition of Downtown Music Holdings in February. It paves the way for Curve, the royalty processing platform used by thousands of record labels, distributors and publishers, to operate as an independent business again.
Source: Universal sells Curve Royalty Systems to Merlin and Matt Spetzler’s Jamen Capital