News and Trends

The three major music companies have all just banked equity in Stability AI – by joining a USD $76 million Series B investment into the gen-AI company. Universal Music Group, Sony Music Group, and Warner Music Group join a Series B investor coalition that also includes gaming giant Electronic Arts, plus investment firms AMD Ventures … Continued Source source https://www.musicbusinessworldwide.com/universal-sony-warner-join-76m-funding-round-in-stability-ai/

Fans had to apply for the seats through a request window that closed on August 21 at 11:59pm ET, according to Ticketmaster. Source source https://www.musicbusinessworldwide.com/olivia-rodrigo-fights-the-scalpers-as-ticketmaster-cancels-batch-of-tickets-that-breached-sale-terms/

Financial terms were not disclosed in the filing, and the agreement between Sony and the retailer has yet to be executed. Source source https://www.musicbusinessworldwide.com/dsw-reaches-settlement-in-principle-with-sony-music-over-music-used-in-social-media-ads/

Landman is based at the company's Los Angeles headquarters and will continue to report to Ryan Press, President, North America, WCM. Source source https://www.musicbusinessworldwide.com/gabz-landman-promoted-to-executive-vice-president-ar-at-warner-chappell-music/

The biggest headlines from the past few days... Source source https://www.musicbusinessworldwide.com/from-apple-musics-ai-labeling-plan-to-spotifys-1-5bn-buyback-boost-its-mbws-weekly-round-up/

The band's corporation, Hyde Lane, is asking the court for treble damages, restitution, Netflix's profits and attorneys' fees, and has demanded a jury trial. Source source https://www.musicbusinessworldwide.com/metal-band-demon-hunter-sues-netflix-and-aeg-over-kpop-demon-hunters/