The three major music companies have all just banked equity in Stability AI – by joining a USD $76 million Series B investment into the gen-AI company. Universal Music Group, Sony Music Group, and Warner Music Group join a Series B investor coalition that also includes gaming giant Electronic Arts, plus investment firms AMD Ventures … Continued
She joined UMG in 2021 from Regent Street Records, the independent label and publisher she founded in 2014, having spent 15 years as a touring musician.
Universal Music Poland also entered a strategic deal with Kayax's separate management business, Kayax Management, which is not part of the acquisition.
Licenses, secured by Udio and GRAI, will support the development of licensed AI services including covers, remixes, and "a wide range of interactive music experiences"
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The band's corporation, Hyde Lane, is asking the court for treble damages, restitution, Netflix's profits and attorneys' fees, and has demanded a jury trial.
The deal gives KKR a position in the business whose live division, BookMyShow Live, has staged concerts in India by Coldplay, Ed Sheeran, Travis Scott, Guns N' Roses and Post Malone.