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Suno hits 2M paid subscribers; $300M annual revenue

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CEO and co-founder Mikey Shulman shared the figures this week, two years after the platform's launch Source source https://www.musicbusinessworldwide.com/suno-hits-2m-paid-subscribers-300m-annual-revenue/
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‘End Streaming Fraud.’

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The following MBW op/ed comes from Victoria Oakley, Chief Executive Officer of the IFPI, and Mitch Glazier, CEO of the RIAA Source source https://www.musicbusinessworldwide.com/end-streaming-fraud/
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Sony Group’s blueprint for AI music detection tech is promising. Here’s what it’s working on…

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MBW reacts to three research papers detailed by Sony AI. Source source https://www.musicbusinessworldwide.com/sonys-blueprint-for-ai-music-detection-tech-is-promising-heres-what-its-working-on/
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Grammy winner Shaboozey signs publishing deal with EMPIRE

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Agreement extends artist’s relationship with EMPIRE beyond recordings following breakout chart success Source source https://www.musicbusinessworldwide.com/grammy-winner-shaboozey-signs-publishing-deal-with-empire/
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Sacem secures ‘landmark’ agreement with UAE-based CMO, the Emirates Music Rights Association (EMRA)

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The deal is said to mark a "turning point" for the protection and fair remuneration of creators, authors, composers, and publishers in the UAE. Source source https://www.musicbusinessworldwide.com/sacem-secures-landmark-agreement-with-uae-based-cmo-the-emirates-music-rights-association-emra/
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Min Hee-jin proposes to forgo $18M court win in exchange for HYBE dropping all lawsuits against her, NewJeans, ex-employees and fans

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Min tells HYBE Chairman Bang Si-hyuk to "meet in the realm of creation, not in the courtroom.” Source source https://www.musicbusinessworldwide.com/min-hee-jin-offers-to-forgo-18m-payout-if-hybe-drops-all-lawsuits-against-her-newjeans-ex-employees-and-fans/
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