Turntable LIVE raises $7m in seed round to launch social music platform

Music tech startup Turntable LIVE has secured over $7 million in a seed round of funding, which it plans to use to power its new social music platform. The company is targeting a full public launch later this year and says it is currently working with music industry partners to be “fully legal and licensed” for the upcoming launch. In a press release announcing the funding round the company says that, “this funding will allow the platform’s originator to realize his original vision for the viral concept”.

Source: Turntable LIVE raises $7m in seed round to launch social music platform

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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