![]() ![]() District Court for the Southern District of New York, No. Republic does not offer music production, distribution or promotion like Republic Records, and Republic Records does not offer investment opportunities like OpenDeal's Republic, Torres said. Torres also said that UMG had not shown consumer confusion was likely even if it had rights to "Republic." The companies' trademarks look different in the marketplace with their respective logos, and their products and services also "differ significantly," the judge said. UMG asked the court for a preliminary injunction that would block Republic from using its name in connection with music-related investments.īut UMG provided little evidence that it used "Republic" by itself in advertising, and its trademark rights do not extend to the word "Republic" without "Records" after it, Torres said. UMG sued Republic for trademark infringement last year, and Republic deleted its music investment page two months later, according to the judge. Website Industries Musicians Company size 51-200 employees Headquarters New York Type Public Company Founded 1995 Specialties Breaking New Artists, Marketing. Its "Republic Music" service allowed users to buy non-fungible tokens (NFT) in unreleased songs and receive royalties in return. OpenDeal's Republic was founded in 2016 and offers crowdsourced investments in fields including real estate, cryptocurrency and startups. Artists on the label's roster include Taylor Swift, The Weeknd and Stevie Wonder. Republic Records was founded in 1995 and acquired by UMG in 2000. Republic said in a Wednesday comment that the ruling "comprehensively addresses the issues raised in the litigation and decisively confirmed Republic's rights." UMG and its attorneys did not immediately respond to a request for comment. ![]() District Judge Analisa Torres said Tuesday that UMG failed to prove it was likely to win its case or that OpenDeal Inc's use of the Republic name would cause UMG immediate harm. (Reuters) - A Manhattan federal court has rejected Universal Music Group's request for an order that would have barred the online investment platform Republic from advertising music-related services based on potential confusion with UMG's Republic Records.
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