Welcome to Music Business Worldwide’s weekly round-up – where we make sure you catch the five biggest stories to hit the headlines over the past seven days. MBW collection is supported Centriphelping over 500 of the world’s best-selling artists grow their income and reduce their touring costs.
In a completely unexpected way, this week three music giants – Sony, Universalagain A warning – presented cases against AI music generators Suno again The sound. The move marks the first major attempt by record companies to seek compensation for the alleged unauthorized use of copyrighted songs to train AI.
And while AI tools that can create entire songs in seconds are a clear threat to music rights holders, this week we learned about another potential threat: Probability. declining demand for music streaming services. A YouGov survey in Sweden found that fewer people in Spotify’s home country pay for music streaming today than two years ago.
In other news this week, we learned that Believe it chief Denis Ladegaillerie – who is part of a newly acquired consortium 95% of a French-based digital music company – you’re looking a “transformational” discoverywho might be a music publisher, to add to the Believe business ecosystem.
We also learned that it is a record label, a distribution company and an entertainment network Create a Music Group is raised $165 million in a round of financing which means it is very important $1 billionmaking the nine-year-old company a real unicorn.
Finally, a news report this week says just that YouTube he is in talks Sony, Universal again A warning getting a music license to train new AI technology.
Here’s what happened this week…
1) HOW THE GREAT BIBLES COMBINED TO CREATE SUNO AND UDIO BRIDGES (AND WHY IT ALL STOPPED ON MICHAEL BUBLÉ)
The lawsuits filed by major record companies on Monday (June 24) against AI music companies Suno again The sound leave little doubt that the music industry sees these types of AI tools as an existential threat.
“Unauthorized use of corporate…
In other words, this technology – which allows users to create songs in seconds without text input – could bring down the entire music industry.
For the major music rights holders behind the suits, failure is not an option…
2) WARNING SIGN? SWEDEN HAS FEWER HIGHER-PAID MUSIC WRITERS THAN 2 YEARS AGO, ACCORDING TO YOUGOV SURVEY.
The recorded music industry rising prices of premium streaming services in key markets.
However, a a new survey from the traditionally important broadcast market, in Swedenmay give the wider music industry pause for thought.
According to YouGov research, 56% of Swedes now pay for premium registration – directly or in bulk.
That figure was low compared to 59% of respondents in Sweden who said they would pay for premium music subscriptions in 2022…
3) DENIS LADEGAILLERIE BELIEVED AGAIN IN HIS GUYS – AND LOOKING FOR A BIG BUY.
Prediction: the recorded music industry is likely to see at least one $1 billion-plus acquisitions of the distribution and services player in the next 12-24 months.
Surprise: the company behind said the purchase may be Believe it.
That according to the founder and CEO of Believe, Denis LadegaillerieI am specifically speaking to the Music Business Worldwide.
Ladegaillerie took the call to MBW earlier today following the news that its consortium – which Ladegaillerie jointly owns with EQT and TCV – now owns it. 95% of Believe in the latest share tender process…
4) CREATE A MUSIC GROUP, FOR $1 BILLION, RAISING A $165 MILLION INVESTMENT CYCLE
Create a Music Group get a $165 million a micro-investment round led by a private equity firm Flexpoint FordMBW can reveal.
Unicorn alert! Investment cycle rates Los Angeles-HQ’d Create at $1 billionconfirmed the spokesperson of the department.
A veteran of the music industry Charles Goldstuck has also joined a funding round, which is understood to see the Flexpoint-led group acquire around a fifth of Create’s equity.
Create says it will spend the money on implementation the continued expansion of the world and use the “profit strategy”…
5) YOUTUBE IN TALKS WITH SONY, UNIVERSAL, WARNING LICENSE MUSIC AI TOOLS (REPORT)
Google‘s YouTube is in talks with three music giants – Sony, Universalagain A warning – to license their music to train AI tools that will synthesize the music of famous artists, according to a report on Financial Times.
YouTube wants to offer cash up front in lump sum payments to acquire the rights to certain artists’ music – with the consent of the artists themselves.
The idea is to encourage more musicians to allow their work to be used to create AI music tools. YouTube he wants “a lot” of artists to participatetwo people familiar with the matter told the FT.
YouTube’s first attempts to work with artists on AI tools seem to have fallen short of expectations: Only 10 singers agreed to participate in the training of The Dream Tracka tool designed to bring AI-generated music to YouTube Shorts, a video platform competitor to TikTok…
MBW’s Weekly Round-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists increase their income and reduce their travel costs.Music Business Worldwide
