February, 2024

Tuned Global launches ‘Social Radio’ product that turns listeners into creators
The key to making a successful radio DJ app is to place it on existing, successful platforms, Tuned Global says Source...

Drake files ANOTHER legal petition over Not Like Us; accuses Universal of ‘inappropriate business practices’ including a ‘payola’ scheme to turn Kendrick Lamar’s diss track into a mega-hit. Read the full filing.
'The suggestion that UMG would do anything to undermine any of its artists is offensive and untrue,' said a UMG spokesperson in response to the first filing on Monday (November 25) Source...

Music industry backs new ‘TRAIN Act’ requiring transparency in materials used to train AI
The law would require AI companies to disclose whether or not they used copyrighted works at the request of rightsholders Source...

PlayAI snags $21m in funding to launch AI voice-cloning platform
A news report suggests PlayAI's tech raises ethical concerns about the its ability to clone real people's voices Source...

Twitch co-founder Justin Kan and artist manager Nicholas Parasram launch Thin Ice Entertainment
Both Kan and Parasram are known for their track record of launching startups Source...

Clemens Trautmann promoted to President of Deutsche Grammophon and New Business Strategy
He has served as President of Deutsche Grammophon for the past nine years Source...

The Orchard inks global distribution deal with prominent Zagreb-based independent label, Croatia Records
Company is led by Director Želimir Babogredac and formerly known as Jugoton Source...

TikTok rival Triller says Kevin McGurn won’t be joining the company as CEO after all
The newly publicly listed company offered no explanation for the reversal Source...

Key Spotify executives have cashed out more than $1 billion in stock this year… including $283 million for Daniel Ek.
Following a series of blockbuster earnings reports, Spotify's stock is trading near all-time highs Source...

Spotify paid Warner Music Group $1.16bn in FY 2024. (That’s around the same amount the streamer’s execs have cashed out in stock this year.)
Warner's financial filings reveal Spotify's contribution to the company's revenues in the 12 months to end of September Source...

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