RIAA In The News

This AI Drake rip-off already has 250,000 plays on Spotify. How will the music industry respond?

Ghostwriter's heart on my sleeve is bound to ignite intra-industry music biz tensions this week

Position Music sells minority stake to Vesper, whose founders were involved in Kobalt investment

Most historical Kobalt investors exited the company following its majority sale to US-based Francisco Partners in 2022, a deal believed to be worth around USD $750 million

News

From Universal clamping down on AI copycats to Latin music’s $1bn in the US… it’s MBW’s Weekly Round-Up

The biggest stories on MBW from the past seven days

Analysis

Official: Latin music surpassed $1 billion in US recorded music revenue in 2022 (and claimed an 8% market share of streaming revenues)

According to data released today (April 12) by the RIAA, total revenues generated by Latin music in the States came in at just slightly below $1.09 billion last year, an increase of 23.8% YoY from 2021

News

Cordae launches HI-LEVEL Publishing JV with PULSE Music Group

Cordae to head up new company, HI-LEVEL Publishing

News

Canadian fund ICM buys High Society Management catalog including songs by Puerto Rican rapper Anuel AA

ICM was established via a partnership between ICM Asset Management and Crescendo Royalty Corporation in July 2020

News

As AI booms, campaign defending ‘irreplaceable role of human artistry’ sees membership spike

The Human Artistry Coalition's members individually represent IP rightsholders in industries including music, film, sports, graphic design, photography, journalism and more

News

RIAA and over 30 other groups launch AI campaign to support human creativity

Signatories include the RIAA, the Recording Academy, SAG-AFTRA, SoundExchange and more