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...The stand-off is among the most heated clashes between tech giants and media groups in recent memory, as they battle for control over the future of entertainment....
...But Anthropic violates these principles on a systematic and widespread basis,” the music groups said in Wednesday’s lawsuit....
...Some of the most influential independent record groups — Beggars Group, the company behind Vampire Weekend and Adele; Secretly, which houses acts including Phoebe Bridgers and Bon Iver; and Partisan Records...
...In a separate antitrust case, Brussels is consulting with Apple’s rivals over the tech giant’s concessions to appease worries that it is blocking financial groups from its Apple Pay mobile system....
...Other investment outfits inside Brookfield’s credit group include European credit manager LCM Partners, a stake in music royalty group Primary Wave, and a technology-focused lender called Pinegrove, in which...
...The EU’s probe into web apps would come after the March 6 deadline for companies to comply with the terms of the DMA, landmark legislation designed to tackle the power of Big Tech groups....
...Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from US rival Concord Chorus....
...Google, Universal Music and Warner Music declined to comment....
...Blackstone over the weekend made a proposal to the company’s board to acquire the music rights group for $1.24 per share in cash to try to derail the recommended offer from Concord....
...Blackstone has won the backing of Hipgnosis Songs Fund’s board as the US private equity group seeks to derail Concord Chorus’s proposed $1.4bn takeover of the UK-listed music rights investment company Blackstone...
...Bank of America has had a go at estimating how much The Tortured Poets Department, Swift’s latest album, is worth to Universal Music Group, her record label since 2018....
...“Streaming has really globalised the business — in the rest of Europe, going into Asia and into Africa, there’s so much happening in terms of culture, media, fashion, music, sports,” he said in an interview...
...By contrast, concert promotion, by far Live Nation’s biggest division with 82 per cent of group revenue, pulled in only 17 per cent of total AOI....
...In 2004 parent company Time Warner sold the music division, but the group retained its copyrights to a trove of songs, such as the soundtracks to the Batman films....
...Blackstone swept in, offering $1.24 per share in cash compared with Concord’s offer of $1.16....
...It was on view in an Apollo deal with Concord Music late last year, at a time when the music publisher needed to refinance its existing debts....
...Universal Music is set to pull its songs from TikTok after a breakdown in negotiations over payment, which would remove the social media platform’s access to music from stars such as Taylor Swift, The Weeknd...
...Taylor Swift has reinstated her music on TikTok, putting her at odds with her own record label, Universal Music, which went to war with the social media group in February, muting her songs and the rest of...
...She said this amounted to abuse of the group’s dominant position for music streaming on its App Store....
...The moves come after the commission hit Apple with a €1.8bn fine for preventing music streaming apps such as Spotify from informing users about cheaper deals....
...Alibaba shares rose after Chinese regulators fined Ant Group. Penalties often end uncertainty about the outcome of investigations....
...Amazon, Microsoft, Meta, Google parent Alphabet and music streaming service Spotify are among the companies that have signalled plans to strike such a balance this year....
...Today’s moves come a few weeks after the EU fined Apple more than €1.8bn for stifling competition from rival music streaming services in a long-running case dating from 2021....
...Apple already sells TV and music streaming, cloud storage, gaming, payments, advertising, etc. What worlds are left to conquer?...
...The landmark lawsuit filed on Thursday in federal court in New Jersey by the US Department of Justice, along with a bipartisan group of 16 state and district attorneys, accuses the group of imposing contractual...
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