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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....
...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...
...Universal, which controls a third of the world’s music, last month stopped licensing its music to TikTok after a year of tense negotiations....
...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....
...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....
...Fans are already resorting to using covers of their favourite songs to soundtrack their TikTok posts....
...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 move by Universal Music to pull its song catalogue from TikTok after a breakdown in negotiations over payment underscores the power imbalance....
...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...
...Google and Universal Music Group are in talks to license artists’ melodies and voices for songs generated by artificial intelligence, four people familiar with the talks have told the Financial Times....
...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...
...Digital music sales at Universal Music Group also slowed last year to 4.5 per cent, according to Visible Alpha, but from a much larger base....
...Several observers were quick to highlight the disquieting timeliness of the world imagined in Prophet Song....
...South Korean prosecutors are seeking a five-year jail term for Samsung chair Lee Jae-yong over charges of accounting fraud and stock manipulation connected to the controversial 2015 merger of two of the...
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