Utopia Music R&D Divisions Reportedly Enter Bankruptcy
Utopia Music R&D Divisions Reportedly Enter Bankruptcy As the Troubled Company Delays Paying Salaries: ‘There Have Been Some Hiccups in Internal Processes’
After divesting multiple recently acquired businesses (Absolute and ROSTR among them) and laying off a number of employees, Utopia Music has reportedly delayed paying certain team members, and two of its subsidiaries look to have filed for bankruptcy.