January, 2023

Warner Music Group Partners With Roblox on Rhythm City

Warner Music Group will launch Rhythm City — a “music-themed social roleplay experience” — on the gaming platform Roblox on February 4th.  Not only will Rhythm City host events and shows from Warner’s artists, it will allow users to take on roles like DJ, producer, or dancer as they explore the virtual world and purchase digital items only available on Roblox. Rhythm City was developed in partnership with Gamefam, a metaverse-focused gaming and content company.

Source: Warner Music Group Partners With Roblox on Rhythm City

Celebrities Who Endorsed Crypto, NFTs Land in Legal Crosshairs After Investor Losses

The use of celebrity promoters heated up in 2021 during the massive bull run in crypto. Last year, celebrity crypto ads filled prominent slots in the Super Bowl, the largest marketing event of the year. Lawyer Sean Masson, of law firm Scott + Scott, who has filed several proposed class-action suits, said celebrities found they could be compensated simply for touting a token, without realizing their legal obligations under federal and state rules governing endorsements and compensation.

Source: Celebrities Who Endorsed Crypto, NFTs Land in Legal Crosshairs After Investor Losses

Are bands dead? How solo stars took over the charts

Only four new songs by groups made it into the official Top 100 singles of last year, which was dominated by solo acts and a smattering of classics by the likes of Fleetwood Mac and Arctic Monkeys. So why have bands struggled to find success compared with solo megastars like Ed Sheeran and Taylor Swift? The obvious culprit is social media, according to Chris Price, head of music for Radio 1 and 1Xtra, and the executive in charge of the stations’ playlists.

Source: Are bands dead? How solo stars took over the charts

Generative AI keeps creative industries on their toes

Artists’ organisations are preparing a push for regulatory changes over concerns that EU law fails to protect the creative industries from fast-developing generative AI technologies such as ChatGPT. Unease has been growing amongst those working in the arts in recent months over the acceleration of generative AI tools that can produce pieces of written or visual content, often controversially dubbed ‘AI Art’. 

Source: Generative AI keeps creative industries on their toes

Universal is investigating new royalty payout models for streaming. Which one will it choose?

One popular alternative to the ‘pro-rata’ streaming royalty model is the so-called ‘user-centric’ (UC) model. Here, the ≈70% royalty-bearing portion of an individual user’s subscription fee is paid out only to artists that specific individual has listened to; there is no central ‘pool’ of royalties. Universal Music Group, however, is on the record as having concerns about the UC model.

Source: Universal is investigating new royalty payout models for streaming. Which one will it choose?

Hollywood in Web3: StoryCo Raises $6M to Decentralize Storytelling

StoryCo also revealed its first narrative experience, The Disco Ball, which will be released in 2023. The “immersive and collaborative storytelling experience” will be produced by the Halo television series writer Kyle Killen and artists shelby and sandy, but invites collaboration from the community to finish the main character’s journey.

Source: Hollywood in Web3: StoryCo Raises $6M to Decentralize Storytelling

Warner’s dismissal of legacy unrecouped advances has already increased earnings of 4,500 artists and producers globally

Warner has now provided an update on its legacy unrecouped advances program, revealing that the program saw around 4,500 artists and related producers benefit globally in its first year. The company says it expects this number to grow “as we connect with all eligible participants”. Additionally, WMG says that it has “also begun to reach out to [Warner Chappell Music] WCM songwriters who could benefit from this program.

Source: Warner’s dismissal of legacy unrecouped advances has already increased earnings of 4,500 artists and producers globally

Meet the Company Blowing Up Catalog Tracks on Spotify

Since 2020, the portion of Spotify’s Global Weekly Top Songs represented by catalog has increased by 155%, according to the company. Insights from the study make it abundantly clear that promoting older tracks is working. Almost a third of 2022’s charting songs are catalog, and fans are now searching for and streaming older tracks. Nearly three-quarters of active streams (from listener playlists, album pages, artist profiles, and liked songs) are catalog.

Source: Meet the Company Blowing Up Catalog Tracks on Spotify

PPL Paid Over $300M to 165,000 Performers and Recording Rightsholders in 2022

PPL announced that in 2022, the company paid out the equivalent of more than $300m to 165,000 performers and recording rightsholders  — a more than 7% increase from £228.7 in 2021. Additionally, this is a 12.2% increase from 147,000 performers and rightsholders in 2021, either as direct members of PPL or indirectly through other collective management organizations (CMOs). The money paid out was collected by PPL for the use of recorded music in the UK and internationally.

Source: PPL Paid Over $300M to 165,000 Performers and Recording Rightsholders in 2022

ChatGPT can’t be credited as an author, says world’s largest academic publisher

Springer Nature, the world’s largest academic publisher, has clarified its policies on the use of AI writing tools in scientific papers. The company announced this week that software like ChatGPT can’t be credited as an author in papers published in its thousands of journals. However, Springer says it has no problem with scientists using AI to help write or generate ideas for research, as long as this contribution is properly disclosed by the authors.

Source: ChatGPT can’t be credited as an author, says world’s largest academic publisher

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