Robert Kyncl, former Chief Business Officer at YouTube and current Chief Executive of Warner Music Group (WMG), has announced a significant licensing agreement between WMG and TikTok. This multi-year, multi-product deal allows TikTok to license the repertoire of Warner Recorded Music and Warner Chappell Music, along with other platforms like CapCut and TikTok’s Commercial Music Library.
Hipgnosis Songs Fund, a UK-listed company that holds music rights for artists like Neil Young and Nirvana, is considering selling off some of its catalog to bridge the gap between its share price and asset value. The CEO, Merck Mercuriadis, believes that the company’s potential and value are not adequately reflected in its current share price. In response to pressure from investors and the decline in share price, the company is exploring options to enhance its value.
Luminate’s mid-year report reveals a significant shift in the streaming landscape of the United States, with English language music experiencing a decline in its share of the Top 10,000 on-demand tracks, both in audio and video formats, during H1 2023. The data indicates a 4.2% decrease compared to the previous year.
A top executive at Universal Music Group (UMG), the world’s largest music rights holder, has called on the US Congress to introduce new laws protecting creators and other rights holders against copyright infringement by AI developers and users.
Artificial intelligence. The term has been thrown around for decades, but it’s only in recent years that the idea of artificial intelligence has really started to hold some weight in the world we live in. To many, the idea of AI is still so heavily linked to the science fiction that surrounds it that hearing of the recent advancements in the technology can feel like the end is coming, but we’re here to tell you not to worry (we’re still a few years off skynet or replicants, we promise) and how you can utilise these new and exciting tools to help your independent label excel in the ever changing world of music business.
SoundExchange, the music rights management giant, has added PayPal and Venmo as royalty distribution payment options for creators globally alongside CashApp and Zelle.
Comedian Sarah Silverman is the lead plaintiff in a new lawsuit against OpenAI, creators of Chat GPT, that alleges the company’s AI technology violated copyright laws by training itself on Silverman’s book “The Bedwetter.”
It’s no secret that the music industry can be a maze to navigate. But fear not, because with the advent of digital distribution platforms, there are more opportunities than ever before to get your music out there and make some cash. One tool that can help you do just that is Amuse. Let’s explore how you can use it to maximise your music distribution and monetisation efforts.
Meta’s Twitter-esque Threads app has surpassed 100 million users in its first five days of release. The Zuckerbergian app was released on Thursday morning to generally good reviews, and has taken giant leaps forward since, the likes of which has never been seen before within the industry.
Premium subscription service TikTok Music has launched in Indonesia and Brazil. The new social music streaming service will “harness the power of music discovery on TikTok, helping users to enjoy their favourite viral tracks”, according to their announcement.
