Marketplace

‘Landmark Victory’: Copyright Office Finalizes Rule Change On Streaming Royalties

The U.S. Copyright Office has finalized a new rule aimed at ensuring that songwriters who invoke termination rights to regain control of their music will actually start getting paid streaming royalties after they do so. The provision, issued on Tuesday, will overturn what the Copyright Office called an “erroneous” earlier policy by the Mechanical Licensing Collective, which critics feared would have kept sending money from streamers like Spotify to former owners in perpetuity, long after a songwriter took back ownership.

Source: ‘Landmark Victory’: Copyright Office Finalizes Rule Change On Streaming Royalties

UK music bodies welcome new government with policy requests

The UK will have a new government this morning, after the Labour party won a landslide in its general election. British music bodies have been quick to welcome the new administration, but also to remind it of their key policy requests. “The incoming Labour Government has been elected on a platform to implement a plan for the creative sector as part of its industrial strategy. The potential of the UK music industry to contribute to growth must be at the heart of this plan,” UK Music head Tom Kiehl said.

Source: UK music bodies welcome new government with policy requests

YouTube now lets you request removal of AI-generated deepfakes of yourself

Meta is not the only company grappling with the rise in AI-generated content and how it affects its platform. YouTube also quietly rolled out a policy change in June that will allow people to request the takedown of AI-generated or other synthetic content that simulates their face or voice. The change allows people to request the removal of this type of AI content under YouTube’s privacy request process. It’s an expansion on its previously announced approach to responsible AI agenda first introduced in November.

Source: YouTube now lets you request removal of AI-generated content that simulates your face or voice | TechCrunch

Hollywood’s Newest Money-Making Scheme Is… Books

Buying and selling movie scripts has been a thing since ‘Pulp Fiction,’ but now, Hollywood is transforming the trend from a nerdy side-hustle to a major source of revenue and prestige. “If the bulk of the proceeds from a screenplay book flow directly to a writer, then they should absolutely publish more of them,” Capps says. “In my experience, the industry has developed very efficient systems to deprive writers of the money they’re owed.”

Source: Hollywood’s Newest Money-Making Scheme Is… Books

Merck Mercuriadis to Exit as Hipgnosis Song Management Chairman 

His departure from the company will be effective upon closing of the proposed acquisition of Hipgnosis Songs Fund Limited by Lyra Bidco Limited, a company owned by Blackstone-managed funds. Blackstone already owns two other elements of Hipgnosis — the investment fund Hipgnosis Songs Capital and the advisor Hipgnosis Song Management.

Source: Merck Mercuriadis to Exit as Hipgnosis Song Management Chairman Ahead of Blackstone Acquisition

MTV News Repository Launched by Internet Archive After Paramount Content Purge

After Paramount pulled MTV News offline, the Internet Archive assembled a searchable index of 460,575 pages previously published at mtv.com/news. You can search the MTV News archive on the organization’s Wayback Machine. In recent weeks, Paramount Global, amid its ongoing financial challenges, similarly yanked down thousands of CMT articles and purged video content from Comedy Central’s site.

Source: MTV News Repository of 460,000 Articles Launched by Internet Archive After Paramount Content Purge

NAB President Pushes Back on Recording Performance Royalties

The National Association of Broadcasters President has pushed back against the idea of recording performance royalties for radio. LeGeyt argues that the AMFA could place financial strain on local radio stations, especially as global digital competitors with consumer subscriptions to cover royalty expenses continue to draw attention away from radio.

Source: NAB President Pushes Back on Recording Performance Royalties

IATSE, AMPTP Reach Tentative Agreement on New Contract

The tentative deal on a new Basic Agreement includes additional benefits plan funding and AI protections, according to a memo to IATSE members. The tentative Basic Agreement — which comes more than a month before the current contract was due to expire on July 31 — will calm fears of another industry shutdown so soon after last year’s double strikes.

Source: IATSE, AMPTP Reach Tentative Agreement on New Contract

The Rolling Stones Launch Beat Galaxy Inside Roblox

Beat Galaxy on Roblox is architected to become a virtual epicenter for a wide range of UMG labels and artist integrations. The Rolling Stones’ takeover will transform the ever-changing virtual world into an immersive experience that embodies the iconic art, styles, and influences from the band’s illustrious career. Users will be able to play a track0runner game featuring the band’s famous hits, compete for prizes, and visit a 24/7 virtual club and social hub.

Source: The Rolling Stones Launch Beat Galaxy Inside Roblox

Over 50 music companies join campaign to promote musicians amid generative AI growth

Over 50 music organizations have thrown their support behind the Principles for Music Creation with AI, a campaign spearheaded by Roland Corporation and Universal Music Group to safeguard musicians’ rights in the era of generative AI. Introduced in March, these principles provide a framework for the responsible use of AI in music creation, emphasizing the protection of the “human spirit” and creativity in music.

Source: Over 50 music companies join Roland and Universal in campaign to promote musicians amid generative AI growth

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