News European lawmakers close to launching ‘world’s first rules’ on artificial intelligence Under the draft mandate, AI systems with “an unacceptable level of risk to people’s safety” would be strictly banned
News Music by Italian songwriters returns to Facebook and Instagram after ‘transitional’ deal with Meta Music represented by SIAE, the main collecting society for tens of thousands of songwriters in Italy, returns to Meta platforms
News K-pop giant SM Entertainment generated $152m in Q1 revenues, up 20.3% YoY Company publishes investor filing for Q1 earnings
News Annual revenues at UK collection society PRS For Music topped $1.1bn in 2022 PRS welcomed almost 7,000 new writer, composer and publisher members in 2022
News Revenues at UK licensing org, PPL, hit record high in 2022, up 7.8% to £272.6m It was the highest level of revenue in the company’s 89-year history
News TikTok to be banned on government and educational institution devices in US state of Florida TikTok will be banned on public school devices in Florida, effective July 1
News Abbey Road Red tech startup XONE launches metaverse experience for British band easy life Easy life are signed to Universal Music Group's Island Records UK
News Music licensing startup Freshsound raises $2.2m in seed round Investment round was led by Zenith Venture Capital and Aligned
News Warner Chappell Music UK signs rising producer, DJ and songwriter Nia Archives to global publishing deal Her track Forbidden Feelingz has racked up more than 19 million streams on Spotify
News Former Spotify exec David Ecker joins Exceleration Music as Label Development Manager Rachel Cunningham also appointed to lead Fan Engagement and Commerce at Exceleration
News Netherlands-based Pythagoras Music Fund buys catalog from British songwriter Dominic Bugatti PMF has spent approximately €100 million (USD $107m) on music rights since it launched in 2021
News India’s Tips Music inks global deal with Sony Music Publishing SMP to administer and promote Tips Music's catalog of over 30,000 tracks and 5,500 albums
News Jody Gerson to receive ICMP Ralph Peer II Award for Outstanding Contribution to Global Music Publishing Jody Gerson, Chairman and CEO of Universal Music Publishing Group, to be presented with the award at Abbey Road Studios in London on July 10
News Applications reopen for Richard Antwi Scholarship in London with doubled fund including additional stipend Applications for the sixth round of scholarship to the University of Westminster’s MA in Music Business Management are now open for 2023
News UK’s competition watchdog opens review of AI models like ChatGPT The CMA’s review will focus on competition and consumer protection considerations in the development and use of AI foundational models, the authority said in a notice on Thursday (May 4).