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...In a statement on Wednesday, TikTok said it remained “committed to reaching an equitable agreement” with Universal but was in the process of carrying out the music company’s requirement to remove all songs...
...Universal Music has struck a deal to reshape the economics of music streaming, with changes aimed at directing more money to professional musicians and away from a “sea of noise” that chief executive Lucian...
...However, the Hipgnosis board is still seeking to terminate its agreement with Mercuriadis, who continues to run Hipgnosis Song Management, the company’s investment adviser....
...This threatened to dilute professional artists’ — and music labels’ — share of royalties paid....
...The consortium of Ladegaillerie and the private equity groups has said that it already has agreements in place to acquire 72 per cent of the French group’s share capital from existing shareholders and that...
..., after failing to agree to a new licensing agreement....
...Under Tuesday’s agreement, Dundee will be the owner of more than 75 per cent of Chord, while Universal will hold a minority stake. Crucially, Universal will administer the songs....
...Altogether, the three have agreements representing about 75 per cent of the share capital. This suffices for a mandatory offer. Any remaining minority shareholders could be squeezed out....
...and Apple Music....
...The agreement, announced on Thursday, values the artists’ share of the music rights and branding at about $300mn, according to a person familiar with its terms....
...“Although the government asserted that it could consider legislating were agreements not reached,” the committee said, “it has not indicated that it will do so....
...The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...[MUSIC PLAYING] Sonja HutsonIndia recently signed a monumental free trade agreement with a group of European countries....
...[MUSIC PLAYING] The US and the UK signed a major agreement on artificial intelligence yesterday. It’s focused on how to assess risks from future AI models....
...[MUSIC PLAYING] Israel’s war cabinet met yesterday to discuss the unprecedented strike by Iran....
...[MUSIC PLAYING] This has been your daily FT News Briefing. Make sure to check back tomorrow for the latest business news. [MUSIC PLAYING]...
...Posting on X, the group said: “We’ve been blocked from receiving significant music funding because a Tory Minister doesn’t like our art. F*ck the Tories.”...
...The show’s theme song is by Metaphor Music. CREDIT: @PTIOfficialPK Read a transcript of this episode on FT.com...
...by Metaphor Music....
...[MUSIC PLAYING] Marc Filippino So the COP28 agreement wasn’t the only last-minute deal yesterday....
...The agreement to enter exclusive talks until December 14 comes after an “extensive search” for financing for Amigo’s lending business, a task that the company concluded was “effectively not possible”....
...Crowe failed to discover that the company was presenting fabricated agreements and fake confirmation letters to its audit team, according to the charges....
...Should no agreement with shareholders be reached — and if investors insist — the trust could ultimately be wound down or sold....
...By contrast, 1980’s Music of Many Colours, another collaboration recorded during a tour of Nigeria by US spiritual jazz hero Roy Ayers, is a highlight....
...[MUSIC PLAYING]...
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