Catch Point Rights Partners, the private-equity backed music rights acquisition firm that has purchased the publishing of such artists/songwriters and/or producers as Brantley Gilbert, Yelawolf and All Time Low, is now offering a program through which it will buy performance rights income streams from songwriters while allowing them to retain ownership and control of all of their other publishing royalties.
Source: Catch Point Launches Program to Buy Performing Rights Royalties From Working Songwriters
AI tech is being used to appropriate and profit off of major Black artists in music (like Drake, The Weeknd & Beyoncé) leaving many to wonder if this is where the industry’s future is headed and if Black creators will even have a place in it. That fear harkens back to the 1950s and 1960s when the music of Black artists like Little Richard, Big Mama Thornton, Chuck Berry, and The Supremes was stolen, whitewashed, and popularized by white acts like Elvis Presley, Phil Collins, The Beach Boys, and Pat Boone.
Exclusivity of content was great for attracting new subscribers, but investors on Wall Street are not solely concerned with subscriber totals any longer, and now streamers are realizing that easy money is there for the taking if they license some titles to other outlets.
Leaders of the U.S. House of Representatives said Tuesday they are forming a bipartisan task force to explore potential legislation to address concerns around artificial intelligence. Efforts in Congress to pass legislation addressing AI have stalled despite numerous high-level forums and legislative proposals over the past year.