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Digital Economy

Tuney launches stem-based remixing tool Beat Swap in partnership with Audioshake

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Tuney, the music startup developing AI tools, has launched Beat Swap, an AI-powered stem-based remixing tool that produces legal, copyright-safe instrumental beats to be used by artists, creators, labels, and creative media teams.

The new tool uses AudioShake's stems-separation technology. Tuney said the tool will allow to remix and create derivative works from existing catalogues. The tool has already been used by Bacardi's Music Liberates Music Platform, Songfinch Instant songs, WPP’s Amp ...

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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 deals — Week 8, 2024

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Here's a list of some of the music deals announced in the past week:

Universal Music Group (UMG), in partnership with Dundee Partners, will acquire a 25.8% share in Chord Music Partners for $240 million (€223m), in a deal that values Chord at $1.85 billion. Chord was formed in 2021 by investment fund KKR and Dundee Partners, the investment office of the Hendel family, to acquire catalogues of music intellectual property (IP). The bulk of Chord’s catalogue comes from the acquisition in 202...

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Creative Industries

Key figures — Week 8, 2024

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$22.7 billion

That’s Live Nation's revenues for 2023, up 36% year-on-year, according to the company's year-end earnings report. For the fourth quarter, Live Nation reported revenues of $5.84bn, an increase of 36% over the same quarter last year. Live Nation staged more than 50,000 concerts in 2023, attended by more than 145 million people worldwide. 

$1.1 billion

That’s the film box-office (RMB8.02 billion) in China during the Lunar New Year holiday period (Feb...

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Creative Industries

Quotes of the week — Week 8, 2024

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"You have more power than you think. You might not have trucks like the farmers, but you have music instruments."By Georg Häusler, Director for Culture at the DG EAC at the European Commission, in his closing remarks at the Music Moves Europe conference in Brussels, addressing a room full of European creators and industry professionals.

"This is one of a kind, not only within Danish territory but globally. The scale of streaming numbers … has not been seen before. We don’t know for sure...

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