Songtradr’s ‘SmartMusic’ is Merging AI and Neuroscience; How Big is the Digital Audio Opportunity?; Tina Turner Tops 40M U.S. Streams

1720 | Your Daily Dose of Music Streaming News

— While music typically represents a small percentage of advertising budgets, Songtradr says it has the data to prove that smartly prioritizing music triggers big wins. Link

— Fans rallied to the late Tina Turner’s catalog in massive numbers in the week following the icon’s death. Her tracks collected more than 40 million U.S. on-demand streams from May 24, the day of her passing, through the six days after, according to preliminary reports to Luminate. Link

— Broadcasters and podcasters have sung from a similar hymnal when complaining that the amount of ad dollars funneled into the two forms of audio has not kept pace with actual consumer usage. But the size of the digital audio opportunity may bring a chorus of hallelujah based on new estimates from Luma Partners. Link

— With the rise of AI music generators, music production and composition have become much more accessible and efficient. In this blog post, we will explore the impact of AI music generators on the music industry and what the future might hold. Link

— Unlike most new technology hype cycles, the impact of AI on the world is already surpassing expectations. The current hype around AI far exceeds that of more recent tech, such as VR, NFTs, and 3D printing. Link

— The Buy Music Club co-founder recently encouraged more DJ-focussed recommendation tools for music browsing. Link

— In recent months, advances in generative AI have allowed softwares to create songs with vocals that sound nearly identical to popular artists. Generators can capture the subtle differences in timbre that help people identify someone's unique vocal profile. Link

— Step into the future of artificial intelligence as we explore its extraordinary potential, from next-generation language models to generative design and gaming. Link

— AI experts issue statement warning about the potential dangers of advanced artificial intelligence. Link

— TCAT, a subsidiary of digital media content provider One Media, who specialises in the active monetisation of music and video intellectual property rights together with copyright protection technology, has launched a new product to its SaaS portfolio, TCAT Insight. Link