News TikTok parent ByteDance to spend $2.1bn to develop AI hub in Malaysia Malaysia is becoming a beacon for AI-related investment
News Meta’s new generative AI model can take chords or beats and turn them into songs The company will make the model available to other developers to build tools from it
News 7 in 10 musical artists dissatisfied with streaming music payouts, survey finds The level of dissatisfaction is actually lower than it was a few years ago, an IAO survey found
News Universal Music artists get access to AI voice cloning tool via UMG’s new deal with tech startup SoundLabs SoundLabs' tech will allow artists to sing in languages they don’t speak and perform duets with their younger selves, among other things
News Chris Atlas appointed President of Rostrum Pacific-owned distributor and retailer Fat Beats Exec has held key positions at Tommy Boy Records, Cornerstone Promotion, Def Jam Recordings, and Warner Records
News Music journalist Mark Sutherland launches ‘The Money Trench’ music business podcast Inaugural episode will feature Lorna Clarke, BBC Director of Music
Analysis News TikTok is forming an investment team to acquire music content and companies ByteDance-owned platform is looking for execs with experience at investment banks, management consulting firms, or private equity firms
News Google unveils AI that can automatically sync soundtracks and dialogue to videos The new 'video-to-audio' tech from Google's DeepMind isn't ready for public release just yet
News FUGA inks global distro, marketing deals with France’s Record Makers and Belgium’s Potion Records The deals expand Downtown-owned FUGA's presence in the French and Belgian music industries.
News Warner Music partners with STYNGR on ad-free radio for Roblox The partnership aims to create new revenue streams for artists and songwriters
News Guji Lorenzana to lead business activities in Asia for Symphonic Distribution Lorenzana will be responsible for expanding Symphonic's artist roster and negotiating new business partnerships in Asia
News Three members of K-Pop group EXO countersue SM Entertainment in legal tussle over royalties Both sides have filed lawsuits against each other.
Analysis News What would happen if Spotify started charging a ‘modest fee’ for its ad-funded tier… or shut it down entirely? Music Business Worldwide runs the hypothetical numbers following Rob Stringer's suggestion of a modest fee on Spotify's ad tier
News Royalties generated by Spanish artists on Spotify exceeded $133m in 2023 Spotify data shows Spain surprisingly weak in exporting music, despite strong domestic growth
News After raising $125m, AI music generator Suno is now paying its most popular creators Suno is selling itself as a community of creators, rather than as a music creation tool