New details are emerging about Amazon Music’s “artist-centric” recalibration, which, like its Spotify counterpart, includes minimum-play thresholds before uploads can begin accruing royalties. Brussels-based IMPALA fired back against the thresholds today, after Amazon Music unveiled an “artist-centric” Universal Music deal late last year.
Source: IMPALA Calls Out Amazon Music Minimum-Play Thresholds
The sale, which finished earlier today, contained 34 lots dating from the 1960s to today and totalled a middling $728,784 (with fees), against a pre-sale low estimate of $600,000 (calculated without fees). By far the top lot was Machine Hallucinations – ISS Dreams – A (2021) by Refik Anadol, the pioneering Turkish-American artist known for his large-scale immersive installations who plans to open the first AI arts museum, Dataland, in Los Angeles later this year.
Source: Christie’s AI art auction outpaces expectations, bringing in more than $728,000
When online journal subscriptions became pervasive in the academic marketplace in the late 1990s, the licensing process was initially inconsistent, cumbersome, and time-consuming. Each license was a bespoke agreement. Even after pricing and business conditions were settled, legal teams from both the publisher and the subscribing library engaged in extensive negotiations over contract specifics. This slow, intricate and expensive process did not scale effectively across numerous publishers, products, and libraries.
ElevenLabs, the software company specializing in AI-generated audio, has launched ElevenReader Publishing, a platform that offers free audiobook production and distribution. Through ElevenReader, rights holders can upload their books as ePub, DOCX, or PDF files, which are then converted to AI-generated audiobooks, for which authors and publishers can choose the voice of the narrator.
Source: ElevenLabs Launches Publishing Platform for AI-Generated Audiobooks
The global generative artificial intelligence (AI) in music market reached a value of nearly $419.85 million in 2024, having grown at a compound annual growth rate (CAGR) of 53.34% since 2019. The market is expected to grow from $419.85 million in 2024 to $4.3 billion in 2029 at a rate of 59.25%. The market is then expected to grow at a CAGR of 39.32% from 2029 and reach $22.57 billion in 2034.
Hanno Basse discussed his company’s work and the evolution of generative AI in filmmaking during this week’s HPA Tech Retreat, saying, “The ultimate goal is to make more movies.” Basse weighed in on subjects such as data provenance and budgets, and spoke about progress being made in filmmaking, predicting that in “probably two years, we’re going to have very high performing open source foundation models.”
Research firm MusicWatch reckons that there are now 103 million music listeners on social-video apps in the US alone, averaging nearly an hour a day discovering and listening to music within those apps. Its study also explores the competitive landscape. According to MusicWatch’s latest ‘audiocensus’ survey, TikTok accounts for a 29% share of weekly social video hours for American music listeners, ahead of YouTube Shorts (26%) and Instagram Reels and Facebook Reels (both 18%).
Source: On social video and music, short vs long-form and pressure on creators…
The question is front of mind on the heels of Spotify’s latest teaser for a superfan-geared offering, which reports have referred to as Supremium, Deluxe, and Music Pro alike over the years. Against the backdrop of streaming-growth slowdowns in established markets, it makes more sense than ever (in theory) to squeeze additional revenue out of diehard fans. But not everyone is on board with Spotify’s expansion ambitions.
Earlier this month, Warner Bros. Discovery and Cutting Edge Group announced they were teaming up to launch a joint venture to generate more money from one of the original Hollywood studios’ catalog of 400,000 movie and television songs. This novel arrangement was inspired by WBD’s need to get more out of its most valuable assets as the rise of streaming shakes the fundamental economics underlying modern media businesses.
Source: How Cutting Edge’s Billion-Dollar Venture With Warner Bros. Discovery Will Work
US performance rights organization BMI has launched a campaign urging its affiliates (songwriters, composers, and publishers) to make their voices heard in the US Copyright Office’s inquiry into PROs. The USCO launched an investigation on Monday (February 10) in an effort to answer “questions related to the increase in the number of PROs and the licensing revenue distribution practices of PROs.”