Universal Music Group (UMG) has filed a lawsuit against investment platform OpenDeal (doing business as Republic) over alleged trademark infringement of UMG's Republic Records trademarks following Republic's expansion into music investments.

Key Details of the Lawsuit:

• OpenDeal announced its music investment expansion in early October
• UMG sent a cease-and-desist letter two days after the announcement
• Initial settlement talks throughout October ended without resolution
• Republic launched its music investment service on November 4th, selling stakes in upcoming music releases

The Alleged Infringement:

• Republic's services now overlap with traditional record label offerings, including:
  • Sound recordings
  • Merchandise
  • Event tickets
  • Promotional services
  • Royalty payment services
  • Artist investments

Evidence of Confusion:

1. A music industry publication incorrectly categorized articles about Republic investment platform with Republic Records content
2. During a blockchain/cryptocurrency meeting, a Nifty Labs executive mistakenly attributed a Lil Pump initiative to Republic Records

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 trademark infringement

Notable Success: Republic's first music investment offering, a stake in Lil Pump's "Mona Lisa" featuring Soulja Boy, reached its $500,000 maximum funding within two hours.

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