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Business News CMU Digest
Chris Cook Published Sunday 23 April 2023
Last week’s big story in the music business…
Spotify boss Daniel Ek traveled to Washington to urge US lawmakers to support the Open App Markets Act. This will force Google and Apple to relax their app store rules. This is part of Spotify’s long-running effort to address what it sees as anti-competitive behavior from Google, and Apple in particular. The app store rule most opposed by Spotify and other app makers is around in-app payments. For many apps on iOS devices, the app creator must use Apple’s fee-charging transaction system and cannot sign-post alternative payment options elsewhere on the internet. Regulators in multiple jurisdictions are investigating and sometimes intervening in Apple’s rules. The Open App Markets Act, first proposed in 2021, would force Google and Apple to allow app makers to sign using alternative payment options. The need to force this domain change is all the more urgent as it has adversely affected the big move into the book business. [READ MORE]
Universal Music has once again urged streaming services to help the music industry regulate the creation and distribution of AI-generated music. The latest statement came when a fake Drake track went viral. was reacting to the track uploaded by. That track, called “Heart on My Sleeve,” first went viral on TikTok and then appeared on streaming services. We asked you not to train our music-making AI technology by. The music industry has argued that mining data related to existing songs and recordings to train AI technology must be licensed from those who control the copyrights of that existing music. increase. In addition, Major also said this week that streaming services would have to remove tracks created by AI technology that mined existing music files without a license, such as “Heart on My Sleeve.” The fake Drake track has since been removed from the streaming platform. [READ MORE]
The headquarters of K-pop company SM Entertainment has been raided by South Korean financial regulators. Sources told news agency Yonhap that the raid is part of an investigation into allegations that South Korean internet company Kakao manipulated its stock price as part of a recent attempt to gain control of its SM business. For a while, Kakao was competing with another K-pop powerhouse, Hybe. Because both tried to buy enough of his SM shares to get 40% control of him. Kakao’s bid was backed by his SM management and Hybe was backed by his SM founder Lee Soo-man. Hybe eventually abandoned his SM ambitions after Kakao offered a higher price for his SM shares. But before that, he filed a complaint with South Korea’s Financial Supervisory Service, apparently prompting the investigation. SM, Kakao, and Hybe then announced a truce, and as part of that, it was confirmed this week that a number of SM-signed artists will start using Hybe’s direct fan platform, Weverse, starting later this year. [READ MORE]
A New York appeals judge indicated that producer Dr. Luke could be classified as a public figure. Doing so would have implications for his defamation lawsuit against Kesha. Under New York law, if Luke is deemed a public figure, he must prove that he actually acted maliciously when Kesha made his allegations, increasing the burden of proof in court. . However, the judge hearing the case ruled that Luke was not famous enough to be considered a celebrity.Kesha’s attorney took the decision to the New York State Court of Appeals, and one judge said that if Luke gave an interview to a music magazine, “they would show up — in this industry, he would [is] It is essentially a generic name. Luke’s lawyer countered that just because a producer is well known in the music industry doesn’t mean he’s a public figure. We hope that the Court of Appeals will rule that the new free speech laws introduced in New York State as they were underway should apply to this case. [READ MORE]
BMG said it “became the first global music company to abandon the outdated industry distinction between new ‘front lines’ and old catalog recordings”.”. Essentially, the music company is more tightly integrating new releases and recording catalog management. BMG boss Hartwig Masucci said: Music is always music. We believe that great artists and great music have no expiration date and it’s time for the music industry to reflect that. The new restructuring of the company’s operations “will successfully execute on our long-term plan to create the world’s first fully integrated music company. Empowering regional leaders, shortening reporting lines and enabling artists and songwriter clients to be more responsive.” [READ MORE]
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