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Creative Industries

Quotes of the Week — Week 46, 2023

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"When I decided to join Microsoft, it was clear that was the best path for me and the team. With the new board and with Satya’s (Nadella) support, I’m looking forward to returning to OpenAI, and building on our partnership with Microsoft."By Sam Altman, explaining on X why he is back at the helm of OpenAI three days after being sacked by the board, hired by Microsoft, receiving the support of 700 out of 770 Open AI employees, and re-hired as CEO of the company. Even ChatGPT would not have been ...

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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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Creative Industries

Kobalt plans to raise $266.5m by collateralising music royalties

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Music publishing and asset management company Kobalt Music Group plans to raise $266.5 million by issuing a class of notes through Kobalt Music Assets and collateralising the transaction with royalties from a music catalogue of over 5,000 songs from artists and songwriters such as AJR, YoungBoy Never Broke Again, Busta Rhymes, and Jessie J.

This is Kobalt Music Group’s first music royalty securitisation. The songs are "among the largest in the Catalogue by net publisher share," explained Kro...

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Creative Industries

BMG signs American band New Kids on the Block to a global recording agreement

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American band New Kids on the Block have signed a new global recordings agreement with BMG to release their first new studio album in more than a decade.

In a collective statement, the group said, “We’re super excited to partner with our new label home BMG. We promise 2024 is going to be a big year for NKOTB and our blockheads. New label, big tour, we are just getting started! Much more to come. Very soon. And we couldn’t have asked for a better partner than BMG to usher in this new era!”
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Copyright & Regulation

News/Media Alliance urges US Copyright Office to adopt the proposed rules on group registration of online content

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The News/Media Alliance has asked the US Copyright Office (USCO) on February 20 to immediately adopt on an interim basis the proposed rule on group registrations of updates to a news website.

The claim was made in a filing with the USCO in response to its Notice of Proposed Rulemaking on Group Registration of Updates to a News Website. "The proposed rule paves the way for a long-awaited ability for news publishers to efficiently register all of their online content, something that is effect...

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