"We know that even after every fire is extinguished the road to recovery will be very long," Grainge writes. "We will be there every step of the way."
A federal judge rejects the band's demand to void its decades-old contracts with the music giant, a central accusation in the blockbuster lawsuit.
In a full-fledged lawsuit against his longtime label, the star rapper claims UMG prioritized “corporate greed" and subjected him to violent attacks.
Exclusive content and advanced fraud protection are top of mind.
The music giant claimed fans would think the service was affiliated with Republic Records, but a judge had ruled previously that UMG's case would be hard to prove.
Responding to the band's bombshell lawsuit for the first time, UMG says it didn't hide anything and that Durst's case is "based on a fallacy."
Universal Music Greater China announces distribution deals with indie label Modern Sky and the hit reality show The Rap of China.
After UMG's $500 million copyright infringement lawsuit against Believe, Billboard explores what serious distributor reform would look like — and if it is a good idea.
Also this week: New West Records goes on a promotion spree, Sony Music Publishing hires a new vp of creative and Armada Music appoints a head of catalog.
As part of restructure, UMG is breaking out the Latin artist services agency as a standalone global division, managed independently from local labels.
