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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 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 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 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....
...Universal Music in April urged streaming platforms to prevent AI services scraping their songs without permission or payment, the Financial Times reported....
...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....
...access to a service or bypasses censors....
...As part of the agreement, the two sides will work together on new ways to drive revenues using TikTok’s ecommerce services as well as to develop campaigns supporting UMG’s artists globally....
...Much has been claimed about the impact of generative artificial intelligence technology on professional services....
...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....
...Analysts expect quarterly recorded-music revenues up 6 per cent year-on-year to €2bn, of which about €1.1bn will come from paid streaming services....
...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”....
...Ofcom laid out three options that could sustain the universal availability of TV services: a more efficient, cheaper terrestrial service; cutting it down to a core service, or “nightlight”, of main channels...
...In European countries experiencing recessions, demand for express services fell....
...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....
...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 also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...streaming services such as Spotify....
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