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Creative Industries

Kobalt posted revenue up 22% in 2021-22

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Music rights company Kobalt posted revenue in excess of $600 million, up 22% in the fiscal year ending June 30, 2022. The company also reported its second year of profitability, and its net revenues grew by 50%. Additional financial details were not disclosed. Kobalt said that in the last fiscal year, the company increased investment in technology and spent over $300m in advances and songwriter catalogues. Willard Ahdritz, Founder and Chairman of Kobalt, said: “We had another strong growth year ...

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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

Warner Chappell Music taps Edward Matthew as VP, International A&R and Head of Creative, WCM Scandinavia 

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Warner Chappell Music (WCM) has appointed Edward Matthew as VP, International A&R and Head of Creative, WCM Scandinavia. Based in Stockholm, Matthew will report to Shani Gonzales, Managing Director, WCM UK & Head of International A&R, and Lars Karlsson, Managing Director, WCM Scandinavia. In his dual role, Matthew will bring “extensive cross-border expertise and entrepreneurial vision to WCM’s global creative operations,” said the company. He will focus on "driving international coll...

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Creative Industries

Dutch authors and journalists send cease-and-desist letter to Meta over the use of copyrighted works to train Llama

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The Dutch Association of Journalists (NVJ), the Authors’ Union (Auteursbond), and writers’ rights organisation Lira Foundation have sent a cease-and-desist letter to Meta, enjoining the parent company of Facebook and Instagram to using copyrighted material written by Dutch authors, reporters, and translators to train its Llama artificial intelligence models. NVJ General Secretary Thomas Bruning said the letter was a first step. If Meta fails to address the issue exposed in the letter, the organ...

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Creative Industries

British media groups launch the SPUR (Standards for Publisher Usage Rights) coalition to promote responsible AI

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Five leaders of British media groups have joined forces to establish the SPUR (Standards for Publisher Usage Rights) coalition, with the mission to establish shared technical standards and responsible licensing frameworks as a response to the development of AI. The guidelines and standards will "ensure AI developers can access high quality, reliable journalism in legitimate, responsible and convenient ways, while guaranteeing that publishers retain practical control of their content and receive ...

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