SCOTUS Rules Against 4 Music Labels on Global Copyright Rights

Business1 day ago

Creators can reclaim copyrights from their distributors globally rather than only within the United States, the U.S. Supreme Court determined in a ruling involving BMG and Sony Music. The Court denied a petition to limit these termination rights to U.S. territory, upholding a previous decision that affected several of the world's largest music distributors.

The appeal was brought by a coalition including Sony Music, BMG, Universal Music Group, and Warner Music. The court issued the affirmation as though decided by a divided court despite lacking a quorum because 4 justices recused themselves from the case.

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40%Narrow Damages Limit+0.1%
25%Licensing Model Reset+0.1%
20%Foreign Courts Offset-0.1%

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SCOTUS Rules Against 4 Music Labels on Global Copyright Rights

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Supreme Court of the United States Sony Music BMG Rights Management Universal Music Group Warner Music Group United States

$SONYSony Group Corp.

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

40%Narrow Damages Limit+0.1%
25%Licensing Model Reset+0.1%
20%Foreign Courts Offset-0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.