News Triller to pay Sony Music $4.57m as video platform admits liability for breached licensing deal Sony says: "Prompt entry of judgment is needed to protect against any further dissipation of Triller’s assets or, worse still, a bankruptcy filing."
Analysis News Believe generated $213m in Q1, up 22.2% YoY Paris-headquartered music company Believe has published its financial results for Q1 2023 (the three months to end of March)
News Microsoft’s $69bn takeover of Activision Blizzard blocked by UK regulator over cloud gaming concerns The UK’s antitrust regulator has blocked Microsoft’s proposed acquisition of gaming giant Activision Blizzard
News TuneCore and Beatport strike partnership to extend self-releasing artists’ reach to DJs, dance music producers Tunecore artists using Unlimited distribution plans will be able to send their music to the Beatport platform for an add-on fee of $7.99 a month
Analysis The music industry freaked out over ‘fake Drake’. But are these AI tracks just the latest take on remixing? Jessica Powell, CEO of stem music company Audioshake, offers a different perspective on the music biz story of the moment
News Peter Gabriel and Chris Stapleton weigh in on debate around the use of generative AI in music Two prominent artists chime in on the controversy around AI-generated music
Analysis Bill Ackman thinks there’s a lot of growth ahead for Universal Music Group. These analysts agree. Ahead of Universal's Q1 results tomorrow, a number of Wall Street watchers are reiterating their faith in music's biggest company
Analysis News Spotify confirms it’s working with labels to quell copyright threat from AI music Spotify is taking concerns about the impact of AI-generated music on entertainment rightsholders seriously, says Daniel Ek
News Apple wins antitrust court battle against Fortnite maker Epic Games over app store policies The US Court of Appeals sided with Apple in the case
News UK-listed Round Hill Music Royalty Fund posts 32% YOY revenue jump to $32.4m in 2022 Fund has invested in over 120,000 songs across 51 catalogs
News Warner Music UK Announces Joint Venture with Gilles Peterson’s Brownswood Recordings The first release under the new partnership will be Yussef Dayes’ debut album Black Classical Music
News Peermusic sues Sony Music Publishing for cut of Lizzo’s About Damn Time Peermusic and Malcolm McLaren's estate claim they are owed an 8% cut of royalties due for a sample used in the hit track
Analysis The algorithm is your new boss More so in music than any business, a dollar is worth more when it’s made than when it’s paid, says Will Page
Interviews ‘There can be a lot of mystery and complexity around live music and I see our role as demystifying all of that.’ Songkick General Manager Sarah Jones traces the evolution of the Warner Music-owned concert discovery platform and shares her views on the importance and future direction of live music…
News Heath Johns promoted to President, Australia, New Zealand and South-East Asia at BMG Johns was BMG’s first employee in Australia when the company launched in the country in 2016