News and Trends

Spotify also added personalized prompt suggestions to help users who are unsure what to request, with the system generating three suggestions. Source source https://www.musicbusinessworldwide.com/spotify-adds-text-input-and-spanish-requests-to-ai-dj/

Labels will be able to borrow against existing catalog revenue streams, securing advances for artist signings and more. Source source https://www.musicbusinessworldwide.com/beatbread-unveils-100m-global-indie-fund-in-partnership-with-aim-win-impala/

The two parties will combine ticket presales with flights, hotels and local experiences through a multi-year agreement. Source source https://www.musicbusinessworldwide.com/live-nation-strikes-deal-with-trip-com-to-offer-concert-travel-packages-cross-five-markets-in-asia/

Agreement includes joint venture for new writer signings and catalog administration Source source https://www.musicbusinessworldwide.com/sony-music-publishing-inks-global-administration-deal-with-the-uks-minds-on-fire/

Company combines recorded music businesses in the Netherlands, Belgium, and Luxembourg, with those in Germany, Switzerland, and Austria under the Warner Music Central Europe banner Source source https://www.musicbusinessworldwide.com/warner-merges-benelux-gsa-businesses-niels-walboomers-named-president-as-central-europe-bosses-doreen-schimk-fabian-drebes-exit/

Now that the majors have accused Suno and Udio of stream-ripping, the AI companies are pushing to have the practice declared legal Source source https://www.musicbusinessworldwide.com/facing-stream-ripping-allegations-from-labels-suno-udio-weigh-in-on-separate-case-to-challenge-ruling-that-makes-youtube-downloading-illegal/