The International Confederation of Societies of Authors and Composers (CISAC) has unveiled AVR+, a new machine-readable technical format designed to enhance the accuracy of the sharing and processing of music data across the global audiovisual industry. CISAC said the new format will ensure that creators are "more accurately identified and fairly paid" and marks "a major step toward more consistent and interoperable metadata exchange across the audiovisual value chain." AVR+ is based on the Glob...

Warner Music Group is acquiring Sureel AI, an AI attribution startup that has developed a technology to create "AI DNA" for every work. Terms of the acquisition were not disclosed. Following the completion of the deal, Sureel will continue to operate as a standalone platform serving the broader music and AI ecosystem. Warner Music Group will provide resources, scale, and strategic support. "The acquisition advances WMG’s mission to ensure that artists, songwriters, and rightsholders benefit whe...

Royalty accounting platform Curve Royalty Systems, which is part of the Downtown Music assets acquired by Universal Music Group earlier this year, will be sold to private investment firm Jamen Capital and digital licensing company Merlin. The sale, the terms of which were not disclosed, was a condition to the European Commission’s clearance of UMG’s acquisition of Downtown Music Holdings through Virgin Music Group in February of this year. The transaction remains subject to final Euro...