UMG's lawsuit accuses the DIY distributor of "deceptive trade practices and blatant copyright infringement", and of flooding streaming services with AI-generated "slop.
Monotone founder Ian Montone – manager of Jack White, Vampire Weekend, LCD Soundsystem, and more – on the flattening of culture, the catalog gold rush, the impact of AI, and what humankind is actually searching for...
US copyright law sets damages for willful infringement at up to USD $150,000 per work. At that ceiling, the 60,202 recordings would carry a theoretical maximum of just over $9 billion.
Apollo-managed funds and affiliates have acquired what Apollo describes as a "noncontrolling interest" in a subsidiary of BMG that holds the legacy Concord asset-backed securities, backed by a catalog of over 1 million songs
"It's not going to be that long where I'm sitting here saying now over half of our artists are not U.S., U.K. English-speaking artists," Berchtold told Goldman analyst Stephen Laszczyk
The best of MBW, plus the most important music biz stories on the web. Delivered for FREE, direct to your inbox each day.
ElevenLabs will launch an AI-powered music platform for fans under the deal, with the two companies also jointly developing AI audio products for artists and songwriters