August, 2024

Mahogany launches new fund for indie artists, offering up to £2,500 each
“It’s clear that the music industry needs to do more to help the next generation of storytellers get on their feet..." Source...

Internet service provider Altice settles $1bn copyright infringement lawsuit with music companies
Altice says it plans to "vigorously defend" against a separate lawsuit brought by Warner Music and Sony Music Source...

Ten additional US states join DOJ antitrust lawsuit looking to break up Live Nation and Ticketmaster
A total of 39 states and the District of Columbia are now asking a court to force the break-up of Live Nation and Ticketmaster Source...

Sony Music Germany boss Patrick Mushatsi-Kareba to exit; Christoph Behm named as new CEO for GSA region
Behm will continue to be based in Berlin and will report to Daniel Lieberberg, President, Sony Music Continental Europe and Africa Source...

Blackstone’s Hipgnosis is getting ready for its next phase…
Blackstone officially acquired Hipgnosis Songs Fund from its public shareholders in July Source...

Anthropic asks court to ‘prune’ Universal lawsuit to focus legal battle on ‘whether it is fair use’ to train AI using copyrighted works
Anthropic describes many of the claims against it as "implausible and supported by threadbare and conclusory allegations" Source...

Former Warner Music Group boss Edgar Bronfman Jr. makes $4.3bn bid for Paramount
The former head of Warner Music Group has thrown a last-minute wrench into Skydance's plans to merge with Paramount Source...

YouTube Music emerges as ‘most adopted music streaming service’ in Q2: Kantar
Subscriber loyalty hasn't been impacted by recent price hikes, Kantar's research has found Source...

Audio Chateau Records raises $4.5m; appoints Glen Barros and Jonathan Schulman to board
The company has hired Grayson Flatness as an A&R consultant, and Kate London to head up legal and business affairs Source...

Global streams of anime music have soared 395% on Spotify since 2021
Spotify reveals Anime music stats and partners with Sony-owned Anime platform Crunchyroll Source...

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