Music Creation Platform Splice Raises $55M Following Record Year for Payouts

Splice, the music creation platform helping creators make and collaborate on music easily from home, has closed a $55 million Series D funding round led by Goldman Sachs Growth, Splice announced in a blog post yesterday (Feb. 22). Other investors in the round include investment firm MUSIC (a joint venture between SONGS Music Publishing founder/former CEO Matt Pincus and Liontree), USV, True Ventures, DFJ Growth and Flybridge.

Source: Music Creation Platform Splice Raises $55M Following Record Year for Payouts

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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