The company suggested that “Spotify’s payouts are holding down industry rates” by presenting a table comparing the effecting per-stream rates of Amazon Music, Apple Music, YouTube and Spotify, with the latter at the bottom. “These claims are ridiculous and unfounded,” a Spotify spokesperson responded. “No streaming service pays per stream because that approach would incentivize streaming services to minimize streams. It would mean low engagement, fewer artist connections, and lower overall payouts.”
Source: Spotify slams ‘ridiculous and unfounded’ Duetti report


In June, the three major labels sued the generative AI music companies Udio and Suno for training their software on copyrighted music without a license. Now, GEMA, the German PRO, is also taking legal action against Suno, in a case filed today (Jan. 21) in the Munich Regional Court. In an announcement, GEMA said that it documented that the Suno system outputs content that “largely corresponds to world-famous works whose authors GEMA represents.


Blackstone’s rumored SESAC sale has an over $3 billion price tag and multiple prospective purchasers, according to new reports. Blackstone reportedly began entertaining private equity offers for SESAC after Hellman & Friedman took a majority stake in Global Music Rights (GMR) late last year. SESAC Music Group’s portfolio includes Audiam and the Harry Fox Agency, to name only a couple.
Blackstone Inc. has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that it expects to fetch $3 billion or more, people with knowledge of the matter said. A handful of financial firms, including Apollo Global Management Inc., Warburg Pincus LLC and Temasek Holdings Pte, Singapore’s state-owned investment firm, have expressed interest in the assets.
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