AI Can Hurt, Hinder or (Hopefully) Help the Music Business; Octiive Music’s New AI Tools Put Artists in Control; Hasbro Signs Deal With Sony Music Publishing
1728 | Your Daily Dose of Music Streaming News
— The music industry is once again at the forefront of technological change, the canary in the digital coalmine, this time with artificial intelligence. AI capabilities are evolving at lightning speed, and we as an industry have a window of time to figure out how to harness its power. Link
— The ACE by Octiive AI toolkit will be like having a visionary producer by your side with that unexpected perfect beat, that subtle pad on the keys that adds so much dimension, or an orchestral backing track that will let your writing soar. Link
— If the viral Drake deep-fake brought you to this article, welcome to the fascinating (and admittedly spooky) side of how the Web3 music world is embracing artificial intelligence. Link
— Hasbro, the toy and game company, has announced a worldwide administration deal with Sony Music Publishing to support Hasbro’s entire portfolio of fan and family brands. Link
— The music industry has undergone significant changes in recent years, with the rise of digital music streaming services and the decline of physical music sales. However, the emergence of blockchain technology is set to revolutionize the music industry even further. Link
— Artificial intelligence is not new to classical music. But its recent, rapid developments have composers worried, and intrigued. Link
— TuneCore has become one of the first music distributors to partner with musician Grimes around her recently-launched Elf.Tech project. Link
— Nile Rodgers on AI and Avicii: “He didn’t understand tertiary harmony. He would write the most beautiful songs without knowing what he was doing - his ear was telling him what to do.” Link
— A new partnership will help artists and fans more easily distribute songs that feature Grimes’ AI voice—if she gets half of the royalty revenue. Link
— An organization representing some of the world’s biggest news publishers and broadcasters has outlined some principles for generative AI. Link
— Dream Theater keyboardist Jordan Rudess has expressed his feelings on AI (artificial intelligence) and explained what actually makes him "very excited" about the technology and its potential application in music and visual arts. Link
— If you’re a media company tracking entertainment rights to hundreds, thousands, or perhaps millions of titles, the cybersecurity of your rights management application should probably be at the top of your priorities—if it isn’t already. Link
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