The combined value of the transactions is believed to be upwards of $25 million. Round Hill said on Thursday (May 29) that these transactions bring its total catalog value under management back to over USD $1 billion ($1.1bn), following the $468.8 million sale of its London Stock Exchange-listed fund to Concord in 2023. Round Hill continues to manage five private funds following the sale of the UK-listed fund.
Source: Round Hill, with $1.1bn music portfolio, strikes flurry of catalog acquisitions
The New York Times Company has agreed to license its editorial content to Amazon for use in the tech giant’s artificial intelligence platforms, the company said on Thursday. Amazon’s use of editorial content from The Times could extend to the Alexa software found on its smart speakers. Material from The Times will also be used to train Amazon’s proprietary A.I. models, the company said.
A coalition of entertainment unions, joined by the Motion Picture Association, urged President Trump on Monday to support tax deductions that benefit the entertainment industry. The unions organized a joint letter to Trump, which was also signed by two of Trump’s three “special ambassadors” to the industry, Jon Voight and Sylvester Stallone.
Despite all the glamour that makes Cannes such a singular experience, there’s palpable anxiety as the festival gets ready to kick off its 78th edition. Many executives fear that Trump’s tariffs will jeopardize their businesses. There’s widespread confusion about how the tariffs on foreign-made films would be administered. If they do go into effect, they threaten to unravel a network of foreign subsidies that studios and indies rely on to finance their movies.