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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....
...The plans would reduce the burden of the universal service obligation, which forces the company to deliver items everywhere in the UK for the same price....
...The model will aim to compete with several available text-to-video services from start-ups, including Runway, Pika, and Stability AI. These other services already offer commercial uses for content....
...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....
...UBS announced internally on Monday that another Credit Suisse executive, Joanne Hannaford, was moving to Deutsche Bank....
...Several big UK-listed groups are also moving their primary listings to New York, such as the gambling group Flutter and building materials group CRH....
...Big music companies earn billions of dollars a year through royalty payments from streaming services and social media groups including Spotify, Apple and Meta....
...After an unusually warm winter, Washington’s cherry blossoms hit peak bloom about a month ago, the second-earliest flowering in more than a century, according to the National Park Service....
...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....
...Universal Music, the industry leader that is valued at more than $50bn on the stock market, is home to Rodrigo, who signed with Universal’s Interscope Records in 2020....
...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....
...current universal service obligation was “unsustainable”....
...“Particular concerns relate to the BBC moving budgets from its local radio to local online services . . . in effect reducing services for older people or those less able to access online platforms.”...
...Well, I actually think that crossover is a wonderful word because there is nothing more fantastic than treating music as one universal language.”...
...For shareholders, including Křetínský who owns 27 per cent, much rests on the outcome of a plea to regulator Ofcom to lessen the universal service obligation, getting costs down and profits up....
...Italy’s competition watchdog ordered Intesa Sanpaolo, the country’s largest lender, to stop migrating customers to its new online-only service Isybank after receiving more than 5,000 complaints from customers...
...A founder of the taxi app now known as Curb and used car marketplace Shift, Arison points to Uber as a model, citing its expansion into services such as food delivery....
...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....
...“It’s really complicated for consumers, because moving isn’t something we do all the time,” she said....
...The overhaul, which is expected to result in 20,000 job losses by 2026, is moving faster than previously indicated....
...Theft of trade secret claims have become more common as investment firms have become increasingly reliant on technology, algorithms and artificial intelligence to wring profits from fast-moving markets....
...Though much of KKR’s investment activity will be aimed at assets moving off other balance sheets, it has built up its own stable of assets....
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