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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

Over-spending and under-pricing: Spotify’s commercial missteps have come back to haunt it.

In his reasoning for cutting 6% of Spotify’s global workforce, Daniel Ek wrote: “In 2022, the growth of Spotify’s [operating expense] outpaced our revenue growth by 2X. That would have been unsustainable long-term in any climate, but with a challenging macro environment, it would be even more difficult to close the gap.” Added Ek: “In hindsight, I was too ambitious in investing ahead of our revenue growth.” That’s something of an understatement.

Source: Over-spending and under-pricing: Spotify’s commercial missteps have come back to haunt it.

DOJ and 8 States Sue Google, Alleging a ‘Monopolistic Grip’ on Digital Ad Market

The Justice Department and eight states filed a lawsuit against Google, alleging the tech giant has a “monopolistic grip” on digital advertising. Google “has corrupted legitimate competition in the ad tech industry by engaging in a systematic campaign to seize control of the wide swath of high-tech tools used by publishers, advertisers, and brokers, to facilitate digital advertising,” according to the lawsuit, filed Tuesday in the U.S. District Court for the Eastern District of Virginia.

Source: DOJ and Eight States Sue Google, Alleging It Holds a ‘Monopolistic Grip’ on Digital Ad Market

Steven Soderbergh Presents Blockchain Award to NFT-Funded Film ‘Calladita’ 

While Web3 has yet to catch on outside of the cryptocurrency space, Film3 had a big moment under the spotlight in Park City, Utah, on Saturday when ‘Calladita,” a new film by director Miguel Faus, was named the winner of the Andrews/Bernard Award. Established by director Steven Soderbergh and the Decentralized Pictures platform, the three-part award provides a total of $300,000, divvied up into three $100,000 checks, in finishing funds for noteworthy films and shorts, for up to three filmmakers.

Source: Steven Soderbergh Presents Blockchain Award to NFT-Funded Film ‘Calladita’ – Decrypt

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