Apple Music Goes Big on Usher Content Ahead of Super Bowl; Luminate Acquires Music Data Firm Quansic
1877 | Your Daily Dose of Music Streaming News
It’s launching a series of exclusive content, including Usher’s full discography in spatial audio; curated playlists; an Usher megamix by Jermaine Dupri (yes, in spatial audio); and a four-day takeover on Apple Music Radio.
UK music rights fintech company Salt has closed a funding round with backers including songwriters and producers, as well as a European investment company.
The delay marks a major blow to artists, authors and musicians in the UK who fear their work will be used by AI models without compensation.
The arrangement is another step in Luminate's efforts to unify data for the entertainment industry.
Because Mogul has already proven it can solve one of the music industry’s toughest problems, the company has attracted significant investment from major music and entertainment companies.
Google is a leader in so many aspects of our digital lives. If you think about it, it's nearly impossible, or at least very difficult, to get through a day on the grid without encountering multiple facets of the Google ecosystem, from your mobile device to search and office productivity. But when it comes to audio, the Google empire feels conspicuously incomplete to us.
"The new deal will badly impact our revenues," an indie record label executive says
The company ended 2023 with 236 million paying premium subscribers, up from 226 million as of the end of September and compared with its forecast that it would reach 235 million in the latest period. “Fourth-quarter net additions of 10 million contributed to a record full year of net additions of 31 million,” the firm highlighted.
This reflects a balance of optimism and skepticism: 43% agreed that AI can open up new forms of creativity, but 64% think the risks of AI use outweigh its potential opportunities, for example. 71% of the creators surveyed also said they are “afraid that the use of AI for music could lead to music creators no longer being able to make a living from their work”.
Headed by Warner Music Group (WMG), the global music and entertainment giant, and Polygon Labs, a Web3 growth and development force behind the Polygon network, this program is set to drive the next evolution of the music industry through blockchain technology.
Paid-for service launched with ‘modest expectations’ in 2015, as YouTube Red.
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