Music Business News: North America

CD Baby ends distribution of vinyl and CDs to focus on streaming

CD Baby to close warehouse and end physical distribution service

Generative AI-powered music startup boombox.io raises $7m

Startup's app leverages generative AI to 'enrich and extend a musician's creative process'

SoundCloud, chasing profitability, cuts another 8% of employee headcount

The news was confirmed today (May 23) in an internal memo to staff from SoundCloud CEO, Eliah Seton, obtained by MBW

Edith Bo named Head of A&R at Rostrum Records

Exec joins Rostrum from SoundCloud

Warner CFO Eric Levin: music streaming business is ready for recurring price increases

Exec discussed streaming prices during a Q&A session at JPMorgan’s Global Technology, Media and Communications Conference on May 22

Universal partners with generative AI startup Endel to create ‘AI-powered, artist-driven functional music’

Companies will use Endel’s proprietary AI technology to let UMG artists "reimagine" their music and create "science-backed soundscapes"

‘Taylor Swift bill’ proposed in Massachusetts to ban dynamic ticket pricing

Massachusetts lawmakers propose new legislation

TikTok sues Montana for alleged violation of First Amendment rights over app ban

Montana ban "unconstitutional," says TikTok