Universal owner to appeal $1bn court case ruling
A New York Court Judge this week ruled that Universal Music owner Vivendi must pay £629m (€765m/$999m) to Liberty Media Corporation, plus interest dating back to 2001.
The case dates back to Vivendi’s acquisition of Liberty Media’s stake in USA Networks Inc in 2001.
The French company, which also owns video games maker Activision Blizzard, has announced its intention to appeal.
It said in a statement to Music Week: "Vivendi strongly believes that it did no wrong and intends to ...
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