Sony’s spent $1.4bn on music acquisitions in the last six months

Speaking at Sony Corporation‘s Investor Relations (IR) day May 27, Sony Music chairman Rob Stringer confirmed the $1.4 billion figure while also discussing Sony’s investment activities and the wider music market. Grilled by an investor about what Sony Music Group plans on spending its cash on going forward – and where geographically it plans on investing – Stringer responded “everything and anywhere”.

Source: Sony’s spent $1.4bn on music acquisitions in the last six months… and Rob Stringer’s not stopping there

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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