Warner Music Group is acquiring Sureel AI, an AI attribution startup that has developed a technology to create "AI DNA" for every work. Terms of the acquisition were not disclosed. Following the completion of the deal, Sureel will continue to operate as a standalone platform serving the broader music and AI ecosystem. Warner Music Group will provide resources, scale, and strategic support. "The acquisition advances WMG’s mission to ensure that artists, songwriters, and rightsholders benefit whe...

Royalty accounting platform Curve Royalty Systems, which is part of the Downtown Music assets acquired by Universal Music Group earlier this year, will be sold to private investment firm Jamen Capital and digital licensing company Merlin. The sale, the terms of which were not disclosed, was a condition to the European Commission’s clearance of UMG’s acquisition of Downtown Music Holdings through Virgin Music Group in February of this year. The transaction remains subject to final Euro...

IFPI, the International Federation of the Phonographic Industry, and US neighbouring rights society SoundExchange have announced a new system enabling the automatic assignment of International Standard Recording Codes (ISRCs), simplifying how these identifiers can be obtained for individual recordings. The new functionality allows an ISRC to be assigned to a recording via an immediate online registration, with the benefit of reducing "administrative burdens for small labels and self-publishing ...