France's Believe faces $500 mln copyright dispute with UMG in the U.S.
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Believe, a French digital music company, is facing a $500 million copyright dispute with Universal Music Group (UMG) in the U.S. Despite this, Believe's shares rose 1.6% after a delayed start to trading.
November 05, 2024 | 12:30 pm
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Universal Music Group (UMG) has filed a $500 million copyright infringement complaint against Believe in the U.S., which could impact UMG's financials and legal standing.
The legal action by UMG against Believe could have financial implications if UMG wins the case, potentially boosting its financial position. However, the immediate impact on UMG's stock price is uncertain, as the outcome of legal proceedings can be unpredictable.
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