Universal signs two major deals in China – as it launches new label with Tencent Music

August 11, 2020By rightstech

Universal Music Group has signed two important, direct licensing deals in China – one with Tencent Music Entertainment, and the other with TME’s biggest competitor, NetEase Cloud Music. In addition to announcing these deals today (August 10), UMG has also taken the wraps off a new as-yet-unnamed JV label, which it is launching with TME.

Source: Universal signs two major deals in China – as it launches new label with Tencent Music

RightsTech Extra

AI Companies Get the Picture

By Paul Sweeting

One of the biggest challenges facing copyright owners in grappling with the rapid development of generative AI technology, apart from a murky legal status, has been market failure, as discussed here in previous posts. The amount of existing material needed to train gen-AI models is so great, and so varied, that gauging the value of any one piece of it to establish a market price for it for licensing purposes is often effectively impossible. One group of rights owners is finding willing buyers among AI companies, however. An active, albeit for various reasons mostly sotto voce market has begun to emerge for the use of images held in large photo archives and by photo agencies and social media platforms, complete with per-unit industry and at least a nod toward creator attribution... Read More >>

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