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Digital Economy

British audio firm MQA is ‘trading as usual’ after it was put under administration

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British audio sound specialist MQA has been put under receivership. A sign on the company's site reads: "The affairs, business and property of the Company are being managed by Philip David Reynolds and David Hudson who were appointed Joint Administrators on 3 April 2023. The Administrators act as agents of the Company and act without personal liability."

The company, founded by Bob Stuart, was involved in immersive sound. However, the company lost £4.3 million in 2021 and £4.2m in 2020 (figu...

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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).

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Copyright & Regulation

European court confirms TikTok’s status as a ‘gatekeeper’ under the Digital Markets Act

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European Union's Luxembourg-based General Court has affirmed the European Commission's decision to name Bytedance-owned platform TikTok as a "gatekeeper" under the Digital Markets Act (DMA).

TikTok, alongside Meta, challenged in court the decision from the Commission to grant the platforms the "gatekeeper" status, which applies to large online platforms with a significant market share and comes with a specific set of rules — in particular the need to allow interoperability with competitors....

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Digital Economy

Netflix had 277.65 million subscribers at the end of June, up 16.5% year-on-year

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Netflix has added 8.05 million subscribers during the second quarter of 2024, a 16.5% increase year-over-year, beating expectations from analysts. The video streaming company counted 277.65 million subscribers globally at the end of June.

Q2's figures were boosted by a strong release schedule, which included series like 'Bridgerton' S3, 'Baby Reindeer', 'Queen of Tears' and 'The Great Indian Kapil Show', and popular films like 'Under Paris', 'Atlas' and 'Hit Man' and 'The Roast of Tom Brady...

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Creative Industries

AI:OK launches to support an ethical use of AI in music products and services

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Musician and academic Martin Clancy and technology expert David Hughes have launched AI:OK with the goal of "identifying ethically aligned music products and services in the age of AI."

Based in Dublin City University, AI:OK has received funding from the Irish government through Enterprise Ireland via their Commercialisation Fund. “We’ve been working towards this launch with major industry stakeholders for several years now and are elated to step into the light with AI:OK,” said Clancy.

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