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...The outcome of the TikTok-Universal dispute will affect music revenues for years to come....
...It will ban Apple’s practice of blocking music services from letting users outside its App Store switch to cheaper alternatives....
...But the tech group is not paying more money in total: rather, that extra 10 per cent will come out of a fixed pot of money. As a result, songs that are not “spatial” will receive less money....
...Castlelake’s management team is expected to retain the majority of the carried interest the firm generates and it will operate independently from Brookfield....
...Any divestment will be difficult....
...Next month, the EU is also set to impose its first fine — which people familiar with the matter suggest will be in the region of €500mn — for allegedly breaking EU law over access to its music streaming...
...As AI has gained traction, some big stars have expressed anxiety that their work will be diluted by fake versions of their songs and voices....
...The EU’s action will reignite the war between Brussels and Big Tech at a time when digital groups are being forced to show how they are complying with landmark new rules aimed at tackling the power of Silicon...
...“Hurt” by Nine Inch Nails, a song spawned from self-loathing and addiction, is haunting, but in Johnny Cash’s version, his advanced years and ill health really hit you in the feels....
...Many of us Brits of a certain age will never get over Holly’s premature death, so any reminder of his unique contribution to popular music is welcome....
...According to research by music economist Will Page, stadiums and festivals took about half of the box office spend in 2022 compared with 23 per cent in 2012....
...The music cruises along for over an hour at a midtempo pace, rarely breaking into the sweat implied by the steamier tracks....
...The son of divorced musician parents, he was raised by a grandmother whom he has characterised as mentally ill and violently unstable....
...Appeals mean the case will be in court for years. Apple can argue that its own music service does not dominate the market....
...This basic issue applied to music streaming, transaction steering, watch-phone pairing, digital wallets, and so-called “superapps”....
...“In the future, everyone will be world-famous for 15 minutes,” is a world-famous quote that Andy Warhol probably never said....
...We will continue to defend our approach in the coming months.”...
...(My MySpace page, for example, once host to my dreadful mid-teen music taste and my even worse politics, is now just a series of broken links and inaccessible images.)...
...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....
...Back in Europe, some are sceptical that Brussels’ actions will have the desired effect....
...The Apple car joins Facebook’s phone, Microsoft’s fitness tracker and Amazon’s second headquarters as a dashed company dream that will not be missed....
...Smartphone companies will not hand this market to newcomers....
...It must have been music to Vladimir Putin’s ears....
...Apple already sells TV and music streaming, cloud storage, gaming, payments, advertising, etc. What worlds are left to conquer?...
...No criteria will be perfect, of course....
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