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...Big music companies earn billions of dollars a year through royalty payments from streaming service and social media platform operators including Spotify, Apple and Meta....
...Universal earlier this year asked Spotify and other streaming services to cut off access to its music catalogue for developers using it to train AI technology....
...Apple introduced spatial audio to its music streaming service in 2021, at no additional cost to subscribers. Amazon’s music service also offers spatial audio....
...The streaming services pay music rights holders such as Universal about two-thirds of every dollar they collect. On average, streamers pay about $0.005 per stream, or $5 for 1,000 streams....
...BMG is the world’s fourth-largest music label — but lags far behind the top three “majors”, Universal, Sony and Warner. The company earned revenues of €905mn in 2023, up 4.5 per cent year on year....
...Universal Music in April urged streaming platforms to prevent AI services scraping their songs without permission or payment, the Financial Times reported....
...The big music companies earn billions of dollars a year through royalty payments from streaming services and social media sites including Spotify, Apple and Meta....
...In September, Universal struck a deal with French music streaming service Deezer that marked the first major change in streaming royalties since the advent of the industry in the late noughties....
...Other music companies have also been cutting jobs — notably Spotify, the streaming service that fired more than 2,000 workers last year....
...The proliferation of low quality content on streaming services poses a threat to artists and music rights holders such as Universal. Examples include the sound of a washing machine....
...streaming services such as Spotify....
...There is no universal definition....
...Financial services back then consisted of intermediaries connecting the bosses of companies with investors to form capital via public markets....
...In April an AI-produced song that mimicked the voices of Drake and The Weeknd was pulled from streaming services after it went viral online....
...In the mid-2000s, as a crop of new music services emerged attempting to fix the piracy problem, Universal Music saw an opportunity to flex its muscles....
...Spotify and other streaming services pay “the industry” billions of dollars a year in royalties....
...Material deprivation, which measures individuals’ ability to afford a range of everyday goods and services, has also risen compared with before the pandemic....
...Budget cuts in other services have left vulnerable children all but unsupported, turning us into de facto social workers. This inspection crisis seems like the last straw....
...That linkage has helped Canal+ to resist US streaming services like Netflix in recent years. The broadcaster has managed to integrate streaming services into its own offering....
...The Washington-based SOC, chaired by Mary Kay Henry, is a group that includes the 2mn-member Service Employees International Union....
...on Britain’s public service broadcasters....
...Critics have accused it of grading on a curve....
...I’ve been sued by Universal in New York and will tell my side of the story there,” he added....
...The option is part of a broader review of the universal service obligation, the Royal Mail’s legal requirement to deliver post across the country six days a week....
...The move comes as the tech giant faces potential EU rules that would force its iMessage to work seamlessly with other messaging services....
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