The record label behind artists Ariana Grande, Taylor Swift, and Drake is suing a multiplatform investment company in New York federal court for allegedly infringing on its “Republic” trademarks.
OpenDeal Inc. launched “Republic” branded services that allow customers to invest in artists’ songs and earn returns for their royalties, causing confusion among industry professionals and others who mistakenly believe the two companies are associated, UMG Recordings Inc. alleged in a complaint filed in the U.S. District Court for the Southern District of New York. UMG accused the investment company of copying its trademarks.
OpenDeal uses identical trademarks, promotes UMG’s artists, ...
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