Universal Music Australia has lost an appeals court decision to Modular Recordings about the validity of a contract that would have seen the a 50% share of the indie as well as its roster move over to the major.

The win for Modular founder Stephen “Pav” Pavlovic comes after Universal won the original case in the Australian Supreme court in June. The disagreement is based on whether or not a binding agreement was reached in emails exchanged between the major ...