News Market for Gen AI outputs to be worth over $16bn annually by 2028, but it could ‘cannibalize’ 24% of music creators’ revenues, CISAC predicts New report says music creators alone stand to lose $10.5bn of their revenue by 2028
News Live Nation announces up to $1.1bn in new convertible bonds Live Nation has a moderate level of debt, but its credit outlook has been under pressure amid an antitrust investigation
News HYBE and Chairman Bang Si-hyuk under investigation by South Korea’s financial regulator over ‘secret’ shareholder contracts in IPO (report) HYBE allegedly made a nearly $340 million profit off an agreement with private equity firms that was apparently not disclosed to investors
News Are Spotify’s changes to third-party developer access meant to combat AI scraping? Third-party app developers have been cut off from numerous data points within Spotify's platform
Analysis News From Drake’s legal action to Spotify execs’ big cash-out… it’s MBW’s Weekly Round-Up The biggest stories from the past week – all in one place…
News NewJeans just held a press conference to announce they’ve left HYBE’s ADOR… but the K-Pop giant says their deal is still ‘in full effect’ "Staying at the agency will only prolong our psychological pain and waste our time," group member Hanni said
Analysis News Key Spotify executives have cashed out more than $1 billion in stock this year… including $283 million for Daniel Ek. Following a series of blockbuster earnings reports, Spotify's stock is trading near all-time highs
News TikTok rival Triller says Kevin McGurn won’t be joining the company as CEO after all The newly publicly listed company offered no explanation for the reversal
News Music industry backs new ‘TRAIN Act’ requiring transparency in materials used to train AI The law would require AI companies to disclose whether or not they used copyrighted works at the request of rightsholders
News At $45.5bn in 2023, music copyright now worth more globally than cinema, new report finds Music copyright's value is up a “jaw-dropping” 26% since 2021, and nearly double the $25 billion in 2014
News Anthropic lands another $4bn investment from Amazon, amid ongoing copyright battle with Universal, Concord and ABKCO Anthropic is embroiled in a copyright lawsuit alleging its Claude chatbot regurgitates copyrighted, sometimes without being asked
Analysis News From Amazon Music’s audiobook bundle to WMG’s subscription streaming growth… it’s MBW’s Weekly Round-Up The biggest stories from the past week – all in one place…
News Miley Cyrus asks court to dismiss copyright suit over ‘Flowers’ arguing case has ‘fatal flaw’ Cyrus' lawyers argue that rightsholder Tempo Music can't sue because they own only part of the copyright on the song
News Warner’s ADA appoints Rasti Sryantoro to head up Indonesia, Arisa Maruekatat to lead Thailand, inks deals with DPM, GMM Music “Expanding our operations in Indonesia and Thailand is a crucial step in our strategy to empower artists and elevate their music on the world stage"
News Kobalt invests in Slipstream as companies sign global publishing admin deal The deal comes weeks after Slipstream acquired a 650,000-strong catalog of production music from Anthem Entertainment