Zync Music has filed a lawsuit against Round Hill Music Royalty Fund II, alleging multiple contractual violations and seeking millions in damages following a failed joint venture agreement.

Key Points of the Lawsuit:

• The dispute stems from a 2017 agreement that included an asset purchase and joint venture for sync licensing
• Zync alleges Round Hill failed to provide millions in owed payments
• The lawsuit claims "bullying and mistreatment" from Round Hill's senior leadership
• Issues include denied access to proprietary software and disorganized rights management

Timeline of Events:

• 2017: Initial partnership announced between Zync and Round Hill
• 2019: Zync founder Sanne Hagelsten leaves; Marisa Baldi becomes CCO of Round Hill
• 2022: Joint venture terminated per agreement terms
• 2023 (April): Alleged termination of Marisa Baldi

Financial Dispute:

• Both parties hired separate appraisers to determine the purchase price
• Zync hired Prager Metis
• Round Hill hired Alderbrook Companies
• Disagreement over valuation and expense deductions

Round Hill's Response:

Round Hill denies all allegations, stating this is merely a "commercial dispute over the valuation of their joint venture partnership" and claims Zync's allegations lack merit.

The lawsuit includes eight counts, including breach of contract and unjust enrichment, with Zync seeking substantial damages. The case number is 1:24-cv-03664.

Related Articles

Previous Articles