Welcome to Music Business World’s weekly roundup – where we make sure you catch the 5 biggest stories that have made our headlines over the past seven days. MBW’s review is supported by China Travel Servicehelping more than 500 of the world’s best-selling artists maximize their income and reduce touring costs.
An unexpected piece of news this week was the announcement by artists and producers Timbaland Joining a generative artificial intelligence company sun Although Suno is embroiled in a legal battle with the recording giant over alleged unauthorized use of copyrighted music, he remains a strategic advisor.
Perhaps less surprisingly, with the licensing agreement in place, Tik Tok and Merlin A major independent music company has signed its own deal with the social media platform, which is set to expire. TikTok announced this week that it has partnered with United Masters.
In other news, SESAC Music Group obtained eaglea media software and services company that provides comprehensive management Youtubeof Content ID system, and Facebook/Instagramof Copyright manager platform.
at the same time, Universal Music Publishing Group Promoted Jennifer Knopfer American A&R Director.
at last, MBW Founder Tim Ingham gave some reasons sony music Estimated spent US$2 billion on directory Queen, pink floydand Michael Jackson. Hint: This has to do with classic rock streaming data and Japanese rates.
Here’s what happened this week…
1) SUNO, valued at $500 million, admitted to using copyrighted music to train its artificial intelligence. It just appointed Timbaland as strategic advisor.
AI music generator sun is one of the most controversial entities in music today.
June, US$500 million The company joins other artificial intelligence companies being sued by major record label shareallegedly used recordings of professionals without permission to train their system — a charge they all but admitted in court documents in August.
The recording industry’s legal woes and negative perceptions don’t seem to be stopping a Grammy-winning artist and producer from working with the company.
Timbaland Established a formal partnership with Suno, joining the platform as a strategic advisor after “becoming a top user of the platform” for “a few months”…
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2) As the time approaches for MERLIN to reach an agreement with ByteDance Platform, UNITEDMASTERS has reached a direct licensing agreement with TIKTOK
Tik Tok Announced multi-year direct agreement with renowned independent artist services and distribution platform United Masters.
An interesting aspect of this story is: UnitedMasters is a Merlin member. MBW It is understood that before this transaction, UnitedMasters obtained the license through Merlin.
The current package licensing agreement between social media giant TikTok and independent music licensing group Merlin will officially expire on October 31.
According to reports earlier this month, TikTok recently canceled re-licensing discussions with Merlin, blaming it on “past operational challenges with Merlin, where the music delivered was not subject to copyright quality control”…
3) SESAC Music Group acquires rights management and UGC monetization company HAAWK
SESAC Music Group Obtained eagleis a media software and services company specializing in rights management and monetization of independent music, film, television and video catalogs.
HAAWK (which stands for “Help All Assets with Knowledge”) provides “full service” management Youtubeof Content ID system and Facebookof Copyright manager platform (including Instagram), and works with multiple record label, publisher and music rights holder clients.
The company also operates a program called Distro and a music licensing platform called Micro Sync key frame audio.
The HAAWK deal marks the latest in a series of acquisitions by SESAC Music Group in recent years…
4) JENNIFER KNOEPFLE promoted to head of U.S. A&R for Universal Music Publishing Group
Universal Music Publishing Group (UMPG) Executive Vice President Jennifer Knopfer Promoted to US A&R Supervisor.
The news was announced on October 23 by UMPG Chairman and CEO Jody GersonKnoepfle reports to. Knoepfle will continue to be based at the company’s Santa Monica headquarters and serve as the company’s executive vice president.
UMPG said that with her promotion, Knoepfle will expand the company’s U.S. A&R team and lead its executives in “identifying, signing and developing new and emerging songwriters, artists and producers, as well as creating and delivering legacy talent.” Opportunities to enhance their art” and careers.
Knoepfle will also focus on growing UMPG’s “catalogue of contemporary hits and iconic songs”…
5) Why is Sony Music willing to spend huge sums of money to purchase the collections of Queen and Pink Floyd?
Earlier this month, with Burundi in Los Angeles, Sony Music Group boss Rob Stringer First public confirmation that Sony has purchased catalog Queen and pink floyd (Even though he didn’t confirm the price).
Stringer further confirms Sony’s recent acquisition Michael Jacksoncatalog, a transaction deemed to be covered 50% The King of Pop’s music rights portfolio.
If you believe industry rumors (MBW including), Sony—backed by cash from Apollo — Cumulative spending exceeds $2 billion A combination of MJ, Queen and Pink Floyd.
So why are Stringer and Sony investing so heavily in these vintage catalogs? And, Jackson aside, why is Sony betting so big on “classic rock” at a time when it’s far removed from the dominant genre on streaming services?
Here are three good reasons…
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