Duetti raises $90 million in new funding to acquire indie artists’ catalogs

In the roughly 18 months since it was founded by Lior Tibon, former COO of Tidal and now Duetti’s CEO, and Christopher Nolte, a former Business Development executive at Apple Music, the company has partnered with more than 250 indie artists, including Olivia O’Brien, Sevyn Streeter and Łaszewo. Now Duetti announced it has raised USD $90 million in new funding, including $15 million in new equity and a $75 million credit facility.

Source: Duetti raises $90 million in new funding to acquire indie artists’ catalogs

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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