Yeah I was aware of that. I can’t see a reason to buy it and layoff staff other than “maintenance mode” though. Songtradr do licensing so having that catalogue available to them seems very useful.
Assuming they want to run it maintenance mode and have it not burn a hole in their pocket, they probably want people not pushing for raising wages, benefits, etc. in the future or now -- they'll likely sell off what remains to private equity or maybe try to get AI to run the show.
(That's not a rhetorical question, I'm genuininely interested in it from a philosophical and/or legal point of view)