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Monday, September 25, 2023

From the Taylor Swift catalog sale saga to music publishers’ $250m lawsuit against Twitter… it’s MBW’s Weekly Round-Up

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Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be certain that you caught the 5 greatest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their earnings and cut back their touring prices.


Twitter and the music trade have lengthy had a fractious relationship.

Following years of criticism for allegedly turning a blind eye to music infringement on the platform, this week, a bunch of 17 music publishers filed a lawsuit towards Twitter in search of over $250 million in damages.

The publishers argue that, “Twitter fuels its enterprise with numerous infringing copies of musical compositions, violating Publishers’ and others’ unique rights below copyright legislation…”

In the meantime, a lot of music distributors, plus streaming platforms like Spotify and Amazon Music, launched a world process power “aimed toward eradicating streaming fraud”.

Elsewhere, researchers at Fb guardian firm Meta developed an AI text-to-music generator known as MusicGen, whereas a brand new sports activities and entertainment-focused SPAC priced its IPO at $100 million.

Additionally this week, MBW uncovered unique information concerning the shopping for and promoting of the catalog of megastar Taylor Swift.

Right here’s what occurred this week…


Photograph credit score: Ascannio/Shutterstock

1) MUSIC PUBLISHERS SUE TWITTER FOR $250M+ ALLEGING ‘RAMPANT INFRINGEMENT OF COPYRIGHTED MUSIC’

Twitter has been hit with a multi-million-dollar lawsuit within the state of Tennessee alleging “rampant infringement of copyrighted music” on its platform.

The 17 entities behind the litigation embrace outstanding unbiased music publishers, in addition to Sony Music Publishing, Common Music Publishing Group and Warner Chappell Music.

Their criticism seeks over $250 million in damages for “a whole lot of 1000’s” of alleged infringements of roughly 1,700 works.


Credit score: Shutterstock/Tinseltown

2) RELIVING THE TAYLOR SWIFT CATALOG SALE SAGA (AND FOLLOWING THE MONEY…)

4 years in the past this month, a significant music enterprise story was effervescent away in Nashville.

Scott Borchetta, founding father of nation indie powerhouse Massive Machine Label Group (BMLG), had put his firm up on the market.

Borchetta and BMLG’s reps had convened with a number of potential suitors, amongst them the three main report firms – Common Music Group, Sony Music Leisure, and Warner Music Group.

The jewel within the crown of BMLG’s catalog again then is now a matter of music biz infamy: The grasp rights to the primary six albums by world pop megastar, Taylor Swift.

Common, stated experiences on the time, bought near buying Massive Machine’s label.

But in response to Music Enterprise Worldwide sources near the finalized deal, just one get together – Scooter Braun’s Ithaca Holdings – was prepared to considerably enhance on the $300 million pricetag Borchetta searched for his firm…”


Photograph credit score: Andrea De Santis

3) META JUST RELEASED AN AI MUSIC GENERATOR THAT WAS TRAINED ON 20,000 HOURS OF LICENSED MUSIC

Researchers at Fb guardian firm Meta have developed an AI text-to-music generator known as MusicGen.

The language mannequin, described by Meta’s Elementary AI Analysis (FAIR) crew as “a easy and controllable mannequin for music technology”, can take textual content prompts like, for instance, ‘up-beat acoustic people’ or “Pop dance observe with catchy melodies” and switch them into new 12-second music clips.

The mannequin, launched as open supply over the weekend, also can use melodic prompts to generate new music. You possibly can see a demo right here.
Meta says that it used 20,000 hours of licensed music to coach MusicGen, which included 10,000 “high-quality” licensed music tracks, and as reported by TechCrunch, 390,000 instrument-only tracks from ShutterStock and Pond5…


4) BELIEVE, EMPIRE, SPOTIFY, AMAZON MUSIC AND MORE TEAM UP TO FORM GLOBAL TASK FORCE ‘AIMED AT ERADICATING STREAMING FRAUD’

Quite a lot of different music firms starting from distributors to different streaming platforms like Spotify and Amazon Music have come collectively in what they name “an unprecedented alliance” to type ‘Music Fights Fraud’, described as a world process power “aimed toward eradicating streaming fraud”.

Amongst the founding members are music firms CD Child and its guardian firm Downtown, TuneCore and its guardian firm Imagine, DistroKid, UnitedMasters, Symphonic, EMPIRE, and Vydia together with digital service suppliers Spotify and Amazon Music.

In keeping with the media assertion asserting the brand new initiative, ‘Music Fights Fraud’ represents “the primary time all corners of the music trade have aligned as a united entrance to fight fraud in music streaming…”


Photograph credit score: Marian Weyo/Shutterstock

5) ENTERTAINMENT AND SPORTS-FOCUSED ESH ACQUISITION CORP PRICES $100M IPO

A brand new sports activities and entertainment-focused Particular Objective Acquisition Firm (SPAC) whose management crew features a former Disney government has priced its IPO within the US at $100 million.

ESH Acquisition Corp’s inventory debuted on the NASDAQ on Wednesday (June 14) below the image ESHA.U, after providing 10 million shares at a value of $10 per share.

ESH is seeking to merge with a enterprise within the music and leisure, sports activities or hospitality industries…


MBW’s Weekly Round-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs.Music Enterprise Worldwide



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