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 Points of the Lawsuit:

• OpenDeal announced its music investment expansion in early October
• UMG sent a cease-and-desist letter two days after the announcement
• Settlement discussions throughout October ended without resolution
• Republic launched its music investment service on November 4th
• First offering was a stake in "Mona Lisa" by Lil Pump featuring Soulja Boy, reaching $500,000 maximum raise within two hours

UMG's Main Arguments:

• Republic is marketing music-related services to the same consumers as Republic Records
• The platform offers services typically associated with record labels, 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. A Republic Records executive encountered confusion during a blockchain/cryptocurrency meeting with Nifty Labs regarding the "Lil Pump initiative"

UMG's Demands:

• Preliminary and permanent injunction against Republic using the mark for music-related services
• Damages for alleged infringement
• Note: UMG does not object to Republic's use of the name for non-music investment services

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