RG Ingersoll's Hotrax Music Tips - As other music streaming services is making its own AI-generated songs at record pace

 

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Music Business Worldwide: Newsletter

Another music streaming service is making its own AI-generated songs – and it's on course to create over 200,000 of them. How would major music rightsholders react if the companies behind platforms like Spotify, TikTok or YouTube started creating hundreds of thousands of songs via AI technology – and then hosted and promoted these tracks on their services? It's a question that's looking more and more like it might one day require an answer. Last month, MBW reported that Tencent Music Entertainment (TME) – the owner of China's largest music streaming platforms – had created and released over 1,000 tracks containing vocals created by its own AI tech that mimics the human voice. One of these tracks, according to TME, has even surpassed 100 million streams. Today (December 15), we've learned that Tencent isn't the only significant music streaming provider that's started creating stacks of songs created by artificial intelligence. MENA-focused Spotify rival, Anghami, is now taking the concept to a whole other level – claiming that it will soon become the first platform to host over 200,000 songs generated by AI...

MBW Newsletter Sponsors Primary Wave: The Home of Legends. The world's leading independent publisher of iconic music CMS, CRM, Playlists, Royalty Accounting, Analytics: your music business all in one place The next generation label transforming viral moments into long term music careers.  Centtrip: The award-winning account for music payments, royalties, foreign exchange and touring expenses The complete royalty solution for labels and publishers Advancing music with the power of data Voly Music The Bespoke Financial Management Platform for the Music Industry BandLab: Home to 50M creators making and sharing music without limits Technology + Infrastructure + Methodology ➡️ Execution = Results Want your brand here? Contact Rebecca through this link...   Grammy-winning producer Greg Wells sells catalog to South Korea’s Beyond Music Seoul-based Beyond Music, which claims to be Asia’s largest single music IP asset management company, has acquired the music catalog of  Grammy-winning producer/songwriter Greg Wells. Wells has produced and written songs with the likes of Adele, Taylor Swift, John Legend, Dua Lipa, Quincy Jones and Katy Perry, among many others... (MBW) Warner Music Group makes investment in virtual fashion platform DRESSX Warner Music Group has invested in DRESSX, a digital fashion retailer. Under the new partnership, WMG artists will be able to collaborate directly with DRESSX to design and launch 3D and AR virtual clothing... (MBW) Arno Van Berkel appointed Managing Director at Fruits Music Fruits Music, the music and tech company specializing in music playlist promotion via marketing with a variety of proprietary, in-house tech products, has appointed Arno Van Berkel to the position of Managing Director. Based at the company’s European headquarters in Oosterhout, Netherlands, Van Berkel will start his new role on January 23, 2023, and will report directly to Fruits Music Founder & CEO Stef Van Vugt. With over 27 years’ experience in the music industry, he joins the company from his previous position as Managing Director at Warner Chappell Music, Benelux, a role he held for 15 years... (MBW)

MBW'S QUOTE OF THE DAY "Vinyl hasn’t penetrated the mainstream yet – at the moment it is where MP3 players were in the ‘90s before Steve Jobs showed us all how to do it with the iPod and iTunes store."   In the following interview, Steve Rhodes (pictured), Co-Founder and CEO of UK-based ‘vinyl-on-demand’ startup, elasticStage, tells us about challenges in the global vinyl business, how elasticStage is trying to solve those issues with its vinyl-on-demand platform, and how the company has its sights set on global expansion... (Trailblazers supported by Believe)

SPONSORED SPOTLIGHT Exactuals modernizes the way the entertainment industry makes payments, offering an end-to-end solution of innovative products which handle complex transactions. [Click here to find out more]

Don't miss: A year ago, Patrick Moxey sold Ultra Records to Sony Music. Now the label is suing his publishing company. In December 2021, Sony Music fully acquired Ultra Records from Patrick Moxey. Now, Sony-owned Ultra Records is suing Moxey's 18-year-old independent publishing company. The lawsuit, obtained by MBW, was filed in the US by Ultra Records LLC (an entity fully owned by Sony Music) last month. It centers around Moxey's continued use of the 'Ultra' name for his independent publishing company, Ultra International Music Publishing, LLC, which was first incorporated in the US in August 2004. Two months after Moxey's exit from Sony Music, says the lawsuit, in March 2022, Ultra Records "terminate[d] the license [for] the ULTRA trademark granted to Ultra International Music Publishing". In response, Moxey has accused Sony Music of "bullying" him; Sony Music claims that Moxey is "perpetuating a falsehood that he remains affiliated with his former company"... (MBW) Don't miss: SoundCloud's revenues grew 19% YoY to $273m in 2021. The company's predicting that 'fandom will be the next big format for the music business.' According to a financial report obtained by MBW, SoundCloud saw its global revenues grow 19.2% YoY to EUR €230.7 million (USD $273m) in 2021, as the firm’s gross profit grew by 33.7% to €81.7 million ($97m). That represented the third consecutive year of double-digit revenue growth across SoundCloud’s business, and the first year in which its annual revenues topped a quarter of a billion dollars. “We really believe the next big format for the music business is fandom,” says SoundCloud President, Eliah Seton... (MBW)

JOB OF THE WEEK NYU Steinhardt is hiring for a Tenure Track Assistant Professor Of Music Business in the US. This person must have a doctoral degree in music, business, law, digital media, music technology or a closely related field conferred by the time the position starts... [Click here to find out more]

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