AI music startup Boomy has been used to create 10m songs

November 11, 2022By rightstech

We’ve seen a flurry of announcements from streaming services recently about their catalogues reaching 100m tracks: Apple Music, Amazon Music and YouTube Music. Now there’s an announcement about a catalogue that’s a tenth of the size, but potentially as interesting to discuss in the context of the future of the music industry.

Source: AI music startup Boomy has been used to create 10m songs – Music Ally

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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