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...The waiting music ahead of the call included Sophie Ellis-Bextor’s “Murder on the Dance Floor”, a song Universal owns the rights to, which exploded in popularity on TikTok in recent months....
...If [this policy] takes between 5 and 10 per cent off of your global revenues, and not even because the songs aren’t performing but because you lose that money and it goes to Universal, the biggest player...
...Universal and two other music companies allege that Anthropic scrapes their songs without permission and uses them to generate “identical or nearly identical copies of those lyrics” via Claude, its rival...
...Google and Universal Music are in talks to license artists’ melodies and voices for songs generated by artificial intelligence as the music business tries to monetise one of its biggest threats....
...“Listening to a 31-second song by an independent artist, a full three-minute song by a popular artist, and five minutes of the sound of rain is all treated equally,” the Goldman analysts noted....
...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...
...This is the first time in the modern streaming era that Universal has gone so far as to remove its music — which includes millions of songs from many of the biggest music stars — from a tech company’s platform...
...A selection of Swift’s songs was made available again on TikTok on Thursday, ahead of a planned album release next week....
...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....
...Universal, which controls a third of the world’s music, last month stopped licensing its music to TikTok after a year of tense negotiations....
...Amid a months-long battle between Universal and TikTok over royalty payments — which left Universal’s vast catalogue of songs muted from the popular app — Swift last week decided to bring her music back...
...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....
...In the US, streaming has all but decimated radio, which was one of the key levers used by record labels to influence which songs became popular....
...Shares in Universal fell 11 per cent in the first half of 2023 as investors fretted over the consequences of generative AI, including the rise of “deepfake” songs that mimic the voices of professional artists...
...“We are trying to expand our portfolio and create a system based on strong IPs like Universal Music, Warner Music and Sony to compete better on the global stage,” said Park....
...That’s the beauty of covers for me, they live or die on the ability of the songwriter to capture new nuances of the universal human condition....
...Fans are already resorting to using covers of their favourite songs to soundtrack their TikTok posts....
...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...She was chair of the RNC during the 2020 election, and in the aftermath of the vote, she cast doubt on the validity of Joe Biden’s victory....
...The result, 2022’s Song of Songs, has now had its UK premiere at London’s Barbican Theatre....
...It is little wonder, then, that the towering figures of the business, such as Universal Music’s Lucian Grainge, have made it a key priority this year to monetise “superfans” of the biggest stars....
...Under the terms of the deal, streams of songs from professional artists will count as double in royalty calculations. This change is more symbolic than a revenue-changer....
...The three international major labels — Universal, Sony and Warner — are all keen to add to their rosters of artists and music rights as the industry continues to enjoy a surge in revenues on the back of...
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