WMG and Bain Capital said on Tuesday (July 1) that they will source and acquire the catalogs together, while WMG will manage all aspects of marketing, distribution, and administration. The funds might be deployed swiftly: Warner and Bain are reportedly mulling the acquisition of the Red Hot Chili Peppers’ recorded music catalog for around $350 million.
Source: Warner Music Group and Bain launch $1.2 billion fund to buy rights; each party owns 50% of venture


The battle between technology heavyweights and many of the country’s most famous creative companies and artists is playing out in Washington and in court. At stake are billions of dollars and precedents that could shape the future of AI and U.S. copyright law. While the fight is far from over, some in creative industries fear it might be too late to stop the advance of AI as it roils their professions.
The Danish government said on Thursday it would strengthen protection against digital imitations of people’s identities with what it believes to be the first law of its kind in Europe. It defines a deepfake as a very realistic digital representation of a person, including their appearance and voice. The Danish culture minister, Jakob Engel-Schmidt, said he hoped the bill before parliament would send an “unequivocal message” that everybody had the right to the way they looked and sounded.
Suno announced the acquisition a day after its rival Udio released a visual editing workstation for AI-generated music. Suno’s acquisition of WavTool integrates the latter’s browser-based DAW technology into Suno’s existing AI music generation platform. In a press release Suno described WavTool as “the first browser-based DAW to combine professional-grade music production features” like VST plugin compatibility, sample-accurate editing, and live recording.

