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Creative Industries

Disney+’s growth comes to a halt with 161.8m subscribers at the end of 2022

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Walt Disney Co new CEO Bob Iger announced a $5.5 billion cost-cutting plan that will result in the loss of over 7,000 jobs, as the company revealed that for the first time since its launch in 2020, video streaming platform Disney+ lots subscribers from quarter to quarter. The new came as Disney announced that its Direct-to-Consumer division (which includes Disney +), posted revenues for the last quarter of the year up 13% to $5.3 billion and rising operating losses to $1.1bn against $0.5bn the ...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Music organisations agree to a unified approach for the voluntary labeling of AI-generated tracks

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Music industry trade organisations IFPI, RIAA, A2IM, WIN, IMPALA, The Grammys, SAG-AFTRA and the Human Artistry Campaign have unveiled a unified approach to voluntary track labeling to help music user distinguish between “AI-Generated” and “AI-Assisted" sound recordings. These labels apply to the use of generative AI in sound recordings and will be available for use in the near future.In a statement, the organisations explained that the labels were conceived "with broad, global adoption in mind...

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Creative Industries

Believe regroups its activities into two operational units: Global Commercial and Product, Tech and Operations

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Paris-based global music company Believe has unveiled a new unified structure for its Global Commercial and Product, Tech and Operations divisions, led respectively by Elsa Bahamonde Bourgain and Romain Becker. Believe said the new structure will position the company as "One Global Artist Development Company, obsessed with artist success and powered by best-in-class technology." To lead Believe’s global commercial efforts, the company has promoted Bahamonde Bourgain to President Artist Services...

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Creative Industries

Dynamite Songs acquires a bundle of rights from The Association’s Terry Kirkman

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Independent music publisher Dynamite Songs has acquired from the Kirkman Estate the music catalogue of Terry Kirkman, co-founder, multi-instrumentalist, and principal songwriter of The Association. Financial terms of the agreement were not disclosed. The deal includes the acquisition of 100% of the US publishing copyrights of works recorded by The Association in the 1960s as well as worldwide non-PRO songwriter royalties and the writer's share of public performance income across all compositions...

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