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Creative Industries

Armada Music launches dance music investment company BEAT

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Dutch-based independent dance music label Armada Music has launched BEAT (Best Ever Acquired Tracks), a new investment company specialising in dance music. The fund is backed by Pinnacle Financial Partners, a US-based financial services firm, which has pledged to invest $100 million in its first two years acquiring recording and music publishing catalogues. Over the next few years, BEAT plans to invest up to $500m. The company’s first acquisitions were the recordings catalogue rights from house ...

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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

American Federation of Musicians sues UMG and WMG over settlements and licensing deals with AI companies

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The American Federation of Musicians (AFM) of the United States and ‌Canada has sued Warner Music Group (WMG) and Universal Music Group (UMG) in the US District Court for the Southern District of New York for "Breach of a Labor Contract" due to their failure to compensate musicians taking part in recordings that have been part of a settlement with, and licensed to AI companies such as Udio and Suno. "The AFM brings this lawsuit because Defendants, two of the largest music companies in the world,...

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Collective Management Organisations

CISAC adopts a declaration calling for human creativity to be protected and respected

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Creators from across the globe have adopted a declaration putting the protection of human creativity at the heart of artificial intelligence policies. The declaration, known as The Paris Commitment, was unveiled in Paris on June 4 during the centenary General Assembly of the International Confederation of Societies of Authors and Composers (CISAC). The declaration states: “At a time when rapid advancements in artificial intelligence risk undermining the value of creative work, we affirm a shared...

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Creative Industries

Chordal

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Chordal, the leading innovator in music rights technology that last year announced partnerships with Kobalt Music and TikTok, today announced a significant wave of new international rightsholder partners joining its platform. Among the latest to come aboard are Warp (UK), Believe Publishing (UK), 3000 Years (UK), AMF Publishing (UK), Material Music (UK), Aura (UK), Bohemia Records (Ireland), Colorburst Records (Germany), German Bulldozer (Germany), Springstoff (Germany), Loudkult (Sweden), Hear...

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