News and Trends

The ChatGPT maker said it has not decided on the timing yet, adding that "there are things we want to do that are likely easier as a private company." Source source https://www.musicbusinessworldwide.com/openai-confidentially-files-for-ipo-a-week-after-rival-anthropic-did-the-same/

Spotify has already begun adding footage from live events, including a Dua Lipa show in Mexico City, Bloomberg reported. Source source https://www.musicbusinessworldwide.com/spotify-seeking-rights-to-show-live-video-of-music-festivals-report/

Suno argued that granting the labels' request would deny the company a timely ruling on whether training its AI model on copyrighted music is fair use. Source source https://www.musicbusinessworldwide.com/suno-asks-court-to-block-umg-and-sony-from-expanding-copyright-lawsuit-to-over-61000-recordings/

Universal Music Group and its subsidiary Virgin Music Group have agreed to sell Curve Royalty Systems to Jamen Capital and Merlin. The sale is the divestment that the European Commission required as a condition of clearing Universal Music Group‘s $775 million acquisition of Downtown Music Holdings in February. It paves the way for Curve, the royalty processing platform used by thousands … Continued Source source https://www.musicbusinessworldwide.com/universal-sells-curve-royalty-systems-to-merlin-and-matt-spetzlers-jamen-capital/

The biggest headlines from the past few days... Source source https://www.musicbusinessworldwide.com/from-sunos-5-4b-valuation-to-bill-ackmans-exit-from-universal-music-its-mbws-weekly-round-up/

El Jelali first joined WMG in 2023 as Head of A&R at Atlantic Records Benelux, where he worked with artists including Diamond-certified Roxy Dekker. Source source https://www.musicbusinessworldwide.com/soraib-el-jelali-appointed-head-of-ar-at-warner-chappell-music-benelux/