Jamendo SA and Bridger SA, 100% Subsidiaries of Llama Group SA, Celebrate a Landmark Decision by the Court of Justice of the European Union (CJEU) Overturning Copyright Barriers
04 April 2024 - 7:34PM
Business Wire
Regulatory News:
Llama Group (Paris: ALLAM) (Brussels: ALLAM):
Jamendo, an online music platform active in independent music
licensing, and Bridger, a copyright management company, are
delighted with the landmark decision handed down by the Court of
Justice of the European Union (CJEU), overturning copyright
barriers in Italy.
As a reminder, Italian legislation prohibited independent
management entities (IMEs) established in another member state,
such as Jamendo or Bridger, from engaging in
copyright intermediation activities.
Jamendo challenged this legislation and obtained a referral to
the CJEU.
On March 21, 2024, the CJEU ruled that the Italian legislation
was incompatible with European law. It found that the legislation
constituted an unjustified and disproportionate restriction on the
freedom to provide services.
As we celebrate this historic victory for EMIs and the entire
music community, we must recognize the ruling's transformative
potential.
Beyond its immediate implications for the music industry, the
Court's decision sets a powerful precedent for future legal
challenges against protectionist measures that undermine the
principles of the EU single market.
"Jamendo and Bridger welcome this decision, which will promote
cultural diversity and encourage innovation in the music industry,
and more specifically in the management of the rights of authors,
composers, and publishers. Business models, management methods, and
technologies may well evolve with the arrival of new players, but
they must evolve within a clear legal framework without the
protectionist reflexes too often encountered in this sector. This
will be an evolution for everyone", explains Alexandre Saboundjian,
CEO of Llama Group.
In conclusion, the CJEU ruling represents a triumph for EMIs and
a decisive victory for innovation, fairness, and collaboration in
the music industry. This landmark verdict reaffirms the EU's
commitment to a dynamic, inclusive digital economy based on
creativity, diversity, and respect for intellectual property rights
by removing barriers to competition and encouraging cross-border
cooperation.
Please find below the link to the CJEU press release:
https://curia.europa.eu/jcms/upload/docs/application/pdf/2024-03/cp240052fr.pdf
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About Llama Group
Llama Group is a pioneer and leader in the digital music
industry. With extensive know-how spanning many business sectors,
the group owns the iconic Winamp platform, the Bridger copyright
management company, and the Jamendo music licensing company.
Llama Group's ambition is to build the future of the music
industry through sustained investment in a wide range of innovative
solutions and in the talent and skills of people who love
music.
The Group stands by its brand values: empowerment, access,
simplicity, and fairness.
Winamp's vision is a world where artists and their fans are
connected like never before through a state-of-the-art music
platform.
Bridger's mission is to support songwriters by offering them a
simple and innovative solution for collecting their royalties.
Jamendo enables independent artists to generate additional
revenue through commercial licensing.
Finally, Hotmix offers over sixty thematic and free digital
radio stations.
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version on businesswire.com: https://www.businesswire.com/news/home/20240404901474/en/
Investor Relations Olivier Van Gulck Mail :
investors@llama-group.com
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