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.
Marketplace
How Cutting Edge’s Billion-Dollar Venture With Warner Bros. Discovery Will Work
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
BMI urges songwriters, publishers to speak out against ‘additional regulation of PROs’
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.”
The End of TV Is Here
On March 2, one of the last pillars of linear TV will fall: the Academy Awards. Hollywood’s biggest night is a celebration of cinema, but this year it may as well double as a requiem for traditional TV. For the first time in the history of the broadcast, the Oscars will be streamed live outside of the pay TV ecosystem, on Disney’s Hulu, alongside its broadcast home on ABC.
Source: The End of TV Is Here
Thousands of Artists Demand Christie’s Cancels AI Art Sale
An open letter to the house signed by almost 4,000 people is demanding Christie’s bins its “Augmented Intelligence” auction, slated to run from February 20 to March 5. It’s billed as the “first-ever AI-dedicated sale at a major auction house.” Artists Kelly McKernan and Karla Ortiz, two signatories the letter. They are taking AI companies to court over claims that the firms’ image generation tools have used their work without permission.
Source: Thousands of Artists Demand Christie’s Cancels AI Art Sale: ‘AI Models Exploit Humans’
Spotify slams the NMPA’s takedown action: ‘This is a press stunt.’
Responding to the announcement on Tuesday, a Spotify spokesperson slammed the NMPA’s takedown action, calling the move “a weak reaction” to the court’s dismissal of the MLC’s ‘bundling’ lawsuit against Spotify last week. “The fact that the NMPA waited months, despite multiple written requests by Spotify for details, which they never bothered to answer, to report these episodes only further emphasizes that this is a press stunt.”
Spotify Hits First Full-Year Profit, Adds 35M Users
The audio giant reported 675 million monthly active users, the largest fourth-quarter increase in Spotify’s history, as the company reported momentum from “strong holiday and Wrapped campaigns.” Paid subscribers grew 11 percent year over year to 63 million, up from 252 million last quarter and 3 million above guidance. Both came in above Spotify’s guidance.
Fox Corp. Expects to Launch New Stand-Alone Streamer by End of 2025
Fox Corporation expects to launch a new stand-alone subscription-based streaming service by the end of 2025, as the company, which has resisted the call to plunge millions into developing premium content for broadband audiences, sees new allure in the business. The plan, said Fox Corp. CEO Lachlan Murdoch, would be to launch a new broadband outlet that helps “put our content in front of everybody who wants it on any platform.”
Source: Fox Corp. Expects to Launch New Stand-Alone Streamer by End of 2025
DeepSeek gives Europe’s tech firms a chance to catch up in global AI race
DeepSeek’s emergence is changing the landscape for AI, offering companies access to the technology at a fraction of the cost, according to interviews with more than a dozen startup executives and investors. It also has the potential to push other AI companies to improve their models and bring down prices. Europe’s tech startups had struggled to adopt the new technology at the same rate as U.S. rivals, which have easier access to funding.Source: DeepSeek gives Europe’s tech firms a chance to catch up in global AI race
Google owes UK news industry £2.2bn from 2023 alone, claims new research
New research has suggested UK news publishers are owed £2.2bn by Google for their contribution to the search platform in 2023 alone. The Public Interest News Foundation worked with FehrAdvice to calculate the value of journalism to Google with a survey of 1,484 people which observed their internet browsing habits. Google responded that such studies are “misleading” and have been “debunked”, insisting it makes very little money from news content.
Source: Google owes UK news industry £2.2bn from 2023 alone, claims new research