The deal will resolve a trademark case filed by a small company that claimed to have used the name for years before the 2020 album dropped.
The majority of the cuts will target employees in Amazon Stores and the company's PXT divisions.
The purchase of the royalty processing firm is the latest development in the company's efforts to become a service-focused operation.
Andres Titus & William McLean claim UMG artists have been cheated out of royalties due to a "sweetheart" licensing deal the label struck with Spotify in 2008.
Ashley Morgan Smithline had until early December to meet a key deadline, but a judge says she never responded.
Two Jane Does claim they were minors when they were "groomed" and "exploited" by the Mexican pop star and her former producer Sergio Andrade.
The Lifetime series quoted a former Kelly security guard saying Aaliyah's father said he wouldn't press charges in exchange for rights to Kelly's first three albums.
The purchase includes Lillywhite's share of royalties from albums by U2, Dave Matthews Band, The Rolling Stones and more.
Sanity was Australia's market-leading music retailer with more than 200 stores.
Activist shareholder Dorothy Carvello, who says she was sexually abused at Warner-owned Atlantic Records in the 1980s, fell short of requirements in the company's bylaws.
