Aquarian and Raven Capital have launched a music investment fund called Raven Music Partners, which has $250 million in committed funding. Reps for the involved parties reached out with word of Raven Music Partners, which is said to have offices in New York, LA, and South Florida. Founded by former Guggenheim VP Rudy Sahay, Aquarian says it has close to $22 billion in AUM across its “strategic portfolio of insurance and asset management solutions.”
Source: Aquarian, Raven Capital Debut Raven Music Partners Catalog JV
Sony Music has challenged the UK government’s proposed copyright reforms, revealing it has already requested the removal of more than 75,000 AI-generated deepfakes of its artists’ content. The music giant warned that proposed changes to copyright laws would be “rushed, unbalanced and irreversible” and could significantly harm the British creative economy.
Sen. Wyden (D-Oregon) wants the guidance to include how long a license lasts, what circumstances might expire or revoke the license, and if a consumer can transfer or resell the license. The letter also calls for the information “before and at the point of sale” in a way that’s easily understandable. “To put it simply, prior to agreeing to any transaction, consumers should understand what they are paying for and what is guaranteed after the sale,” Wyden says.
has launched its video generation tool in the UK amid a deepening row between the tech sector and creative industries over copyright. Beeban Kidron, the film director and crossbench peer, said the introduction of OpenAI’s Sora in the UK added “another layer of urgency to the copyright debate.”
Ministers are planning to offer key concessions to their plans to make it easier for artificial intelligence companies to use copyright-protected work, in a partial climbdown after weeks of lobbying from some of the world’s most famous artists. Sources have told the Guardian that ministers have accepted the need to protect British creative industries from the plans, which would otherwise have made their work available for access by AI companies unless they deliberately opted out.