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...“If the opportunity arose to significantly grow BMG by joining forces with another music company, we would consider it.”...
...This is the first time in the streaming era that Universal has gone as far as removing its music from a tech company’s platform....
...Music publishing valuations have declined 14 per cent from their peak in 2019, according to Shot Tower Capital, an investment bank that advises on music transactions....
...Two years ago Vivendi split its most valuable business, Universal Music Group, via a listing....
...Music and publishing executives fear their companies’ output is being scanned and ripped off by tech groups....
...Majority owned by Moross the company also provides music for spas and hotels around the world....
...Sony’s publishing arm has administered West’s music for years....
...entertainment companies.”...
...The payouts include a total of at least €140mn for the 60-year-old Döpfner, the long-serving chief executive who has sought to transform the company from a German-focused publishing house into a global media...
...An ever-louder drumbeat of success had attended her since she signed a publishing deal for songwriting with Sony/ATV at the age of 14, the youngest in the company’s history....
...Today, about 60 per cent of BMG’s revenues come from publishing existing music....
...If the music is anywhere out on the internet, our search engine will find it. It’s entirely free for artists / publishing houses to appear at our digital platform....
...On behalf of 17 music publishers including Sony Music Group and Universal Music Publishing Group, the National Music Publishers’ Association filed a suit in the federal district court of Nashville alleging...
...Thomas Rabe, Bertelsmann’s chief executive, described him as “a great music entrepreneur” who had built a new type of music company....
...The company will pay royalty fees to the biggest publishing houses — Penguin Random House, Hachette, Simon & Schuster, HarperCollins and Macmillan — based on listening on its platform....
...The Winehouse film has been backed by the Amy Winehouse estate, Universal Music Group and Sony Music Publishing, which will no doubt boost the coffers of one and all....
...Masuch has developed BMG into one of the most successful arms of the European publishing group that owns Penguin Random House, the broadcasting group RTL and the services company Arvato....
...Publishing houses may cut it a good deal in hopes of encouraging the growth of a competitor to Amazon’s Audible....
...The uneasy dynamic between two young women in a cynical, self-interested company feels like rich material to carry a story....
...Tech groups are already using “creative” content, such as text and imagery, from newspapers, books, art and music to help train their AI models....
...The mood music could shift a little after the COP28 climate summit, which is starting tomorrow in Dubai....
...Both businesses did well — better than his foray into the music business, when he founded a recording company and managed a reggae band....
...Others in the music, book publishing and broadcasting sectors have similar misgivings about the exploitation of their original works — for example, the creation of “deep fake” AI-generated productions using...
...The company has reduced its holdings in recent years — most notably spinning out Universal Music Group in 2021 — and now its principal assets are PR group Havas, pay-TV provider Canal+ and a clutch of print...
...Several big music companies have been alarmed by the rise of AI-generated songs, which alongside the increased popularity of ambient music has contributed to them losing market share on streaming platforms...
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