Marketplace

TikTok Music to Shut Down in November After Launching in 2023

TikTok Music is officially set to cease operating on November 28th, 2024, after launching in 2023, TikTok has announced.  Absent from TikTok Music’s website is any mention of the precise cause(s) of the shutdown.
However, it’s possible that licensing problems (or at least friction) of some sort contributed to the decision. TikTok set its standalone streaming ambitions in motion in 2022, and even back then, reports suggested the majors were concerned with the service’s monetization potential.

Source: TikTok Music to Shut Down in November After Launching in 2023

Section 230 Catches Up to AI (Opinion)

Large language models churn out speech by the mile. Chatbots hallucinate and write strange things, spewing statements they think are true but are false—like many politicians. Both OpenAI and Microsoft have been sued for defamation for their chatbot’s output. Congress and courts should label generative AI companies as publishers, which they are, with all the ensuing copyright and liability issues.

Source: Section 230 Catches Up to AI

MPA Adds Amazon Prime Video And MGM Studios As Newest Member

The Motion Picture Association has added Amazon MGM Studios and Prime Video as its newest member. The Amazon outlets will officially join on Oct. 1 as the seventh member of the industry trade and lobbying organization. Netflix joined the association in 2019, a move that reflected the shift of the industry toward streaming, and the influence of tech giants on the business.

Source: MPA Adds Amazon Prime Video And MGM Studios As Newest Member

UMG CEO: ‘Streaming will continue to propel many years of industry growth.’

Universal Music Group hosted its 2024 Capital Markets Day in London on Tuesday at the iconic Abbey Road Studios (which is owned by UMG). The event was kicked off by UMG Chairman and CEO Sir Lucian Grainge. “Fact number one”, according to Grainge, is that “streaming has resulted in a quantum leap forward in music access and monetization and streaming will continue to propel many years of industry growth.”

Source: Read Sir Lucian Grainge’s Universal Music Capital Markets day opening address in full: ‘Streaming will continue to propel many years of industry growth.’

Spotify Video Buildout Continues With Seven-Figure Offers: Report

This newest indication of an aggressive video embrace just recently came to light, though in many respects, Spotify’s visual-media ambitions have long been clear. A growing selection of video podcasts, short clips, and music videos are already live on the platform, which is also placing a greater emphasis than ever on profitability and operational efficiency.

Source: Spotify Video Buildout Continues With Seven-Figure Offers: Report

House Judiciary Committee Asks Copyright Office to Examine ASCAP, BMI

House Judiciary members sent a letter to the Copyright Office requesting an examination of concerns related to performing rights organizations (PROs). In the letter, signed by the committee’s chairmen Rep. Jim Jordan and Rep. Darrell Issa as well as member Rep. Scott Fitzgerald, two particular areas of concern are addressed: the “proliferation” of new PROs and the lack of transparency about the distribution of general licensing revenue.

Source: House Judiciary Committee Asks Copyright Office to Examine PROs, Citing ‘Difficult to Assess’ Royalty Distributions

‘Consent or pay’: Why UK news websites are getting tough with readers over data

Six of the top 50 news websites in the UK are asking people to “consent or pay” if they don’t want to hand over their data for advertising. The “consent or pay” model arrived in the UK this summer after first being introduced by European news titles including Bild and Der Spiegel in Germany. Among UK publishers The Times has put the highest price on opting out of sharing data, at £6.99 per month, ahead of News UK stablemate The Sun’s “Pay to Reject” offering on £4.99.

Source: ‘Consent or pay’: Why UK news websites are getting tough with readers over data

UMG strikes global licensing deal with B2B music streaming tech provider Tuned Global

The expanded agreement builds on a long-standing relationship between the two companies and, according to Tuned Global Managing Director Con Raso, marks “a significant milestone” for Tuned Global and the companies it works with. “Music licensing is an essential part of integrating music into various platforms, and this partnership provides an integrated solution for our clients, giving them direct access to UMG’s extensive repertoire,” said Raso.

Source: Universal strikes global licensing deal with B2B music streaming tech provider Tuned Global

Audius strikes global licensing deal with Kobalt

San Francisco-based blockchain-powered music platform Audius, which says it has 6 million monthly users, has signed a global licensing deal with music publisher Kobalt. The deal gives Kobalt-signed songwriters access to Audius’ decentralized marketplace, providing them with a potential new revenue stream, the companies said in a statement on Tuesday. Audius’ blockchain-powered marketplace offers music fans a way to engage with their favorite artists and support them via US dollar payments and its own crypto token, $AUDIO.

Source: Audius strikes global licensing deal with Kobalt

Local artists dominate EU charts, but Europe falling behind on music exports: IFPI

Europe’s music listeners have become huge fans of domestic artists, with local acts dominating their respective countries’ Top 10 lists. However, the continent is falling behind other parts of the world, both in terms of exporting music and in terms of recorded music revenue growth. So says the inaugural Music in the EU report, released Tuesday (September 10) by global recorded music industry group IFPI.

Source: Local artists absolutely dominate EU charts, but Europe falling behind on music exports: IFPI

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