Headlines

Sony Files Patent to Use NFT Tech for Keeping Track of in-Game Digital Assets

Sony has filed a patent to use NFT and decentralized ledger technology in order to record the movements and changes undergone by in-game digital assets. The filing, titled “Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger,” introduced in July 2021, describes a system that mints a token to follow the history of each one of these assets in a given environment.

Source: Sony Files Patent to Use NFT Tech for Keeping Track of in-Game Digital Assets; Introduces Moments Market – Blockchain Bitcoin News

Downtown makes strategic investment in ‘LinkedIn for creatives’ Vampr

Vampr, launched in 2016, dubbed itself the “LinkedIn for Creatives.” The startup claims to help creatives and artists find people to work with, create new music and monetize their work through its features including premium subscription service Vampr Pro, its distribution arm Vampr Publishing and Vampr Academy, which offers courses and practical video lessons for creatives.

Source: Downtown makes strategic investment in ‘LinkedIn for creatives’ Vampr

Tunedly Aims to Disrupt the Music Industry With TunedCoin Project

Blockchain technology is rapidly evolving with new use cases. Supply chain tracking and tracing, compliance auditing, and simplified payment processing are all some of the applications for which the technology is being adopted. Now Tunedly aims to disrupt the music industry by introducing blockchain-fueled reward mechanisms to help encourage user engagement.

Source: Tunedly Aims to Disrupt the Music Industry With TunedCoin Project

Meet Unstable Diffusion, the group trying to monetize AI porn generators

Unstable Diffusion, a growing Discord community, is attempting to build AI models tuned for porn generation — and make a profit from them. While the use of AI to create porn isn’t new, Unstable Diffusion’s models are capable of generating higher-fidelity examples than most. The generated porn could have negative consequences particularly for marginalized groups, ethicists say, including the artists and adult actors who make a living creating porn to fulfill customers’ fantasies.

Source: Meet Unstable Diffusion, the group trying to monetize AI porn generators

Authors Guild Applauds Arrest, Indictment of Major E-Book Pirates

Two Russian nationals are now facing criminal charges in the U.S. for their role in running Z-Library, one of the world’s most notorious e-book pirate sites before its domains were seized by U.S. officials earlier this fall. Z-Library, which has been active since 2009, billed itself as “the world’s largest library” and claimed to offer more than 11 million e-books for free download in a variety of file formats via what court documents call a “complex network” of 249 interrelated web domains.

Source: Authors Guild Applauds Arrest, Indictment of Major E-Book Pirates

Libraries Are Launching Their Own Local Music Streaming Platforms

If you’re fed up with streaming behemoths like Spotify, there’s now another place you can go to discover new music: your local library. Over a dozen public libraries in the U.S. and Canada have begun offering their own music streaming services to patrons, with the goal of boosting artists and local music scenes. The services are region-specific, and offer local artists non-exclusive licenses to make their albums available to the community.

Source: Libraries Are Launching Their Own Local Music Streaming Platforms

UK music streaming inquiry returns with follow-up evidence sessions 

Thought you’d heard the last of the UK’s parliamentary inquiry into the economics of music streaming? Sorry, but no. The politicians on the Digital, Culture, Media and Sport (DCMS) committee published their report in July 2021, but yesterday they held a pair of follow-up sessions with six music industry interviewees. The stated aim: to discuss “whether the ‘reset of streaming’ urged in the Committee’s report is underway”.

Source: UK music streaming inquiry returns with follow-up evidence sessions – Music Ally

What Happened to Pink Floyd’s $500 Million Catalog Sale?

According to Bloomberg, which reported on the initial rumblings of Pink Floyd’s hunt for a song-rights deal over the summer, bids for the body of work are smaller now than they were in May, and the list of would-be purchasers has shortened. Per the same source, that’s because Pink Floyd is offering only its recordings and name, image, and likeness rights – not its underlying compositions.

Source: What Happened to Pink Floyd’s $500 Million Catalog Sale?

Reservoir wants to spend $100m on music rights this year. It says deal flow – and multiples – aren’t slowing down just yet.

Reservoir Media spent $224 million on acquisitions of music rights in its previous financial year (to end of March 2022). The US-based firm is now aiming to spend another $100 million on “strategic M&A” this FY – and says wider macroeconomic concerns aren’t hampering its goal.

Source: Reservoir wants to spend $100m on music rights this year. It says deal flow – and multiples – aren’t slowing down just yet.

Tencent Music Entertainment reaches 85.3m paying music users, up 19.8% YoY

The China-based music streaming giant, which operates music services, QQ Music, Kugou and Kuwo, generated total revenues of RMB7.37 billion (USD $1.04 billion) in Q3, representing a 5.6% year-over-year decrease. Revenues from online music services for Q3 2022 increased by 18.8% to RMB3.43 billion (USD $482 million) from RMB2.89 billion in Q3 2021. TME says that this increase was driven by strong growth in music subscription revenues.

Source: Tencent Music Entertainment reaches 85.3m paying music users, up 19.8% YoY

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