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Digital Economy

Year-old startup Reflection AI valued at $8 billion after a $2 billion funding round

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Artificial intelligence startup Reflection AI has raised $2 billion in a funding round that values the year-old company developing open-source AI models at $8 billion, according to PitchBook.
Reflection AI's previous funding round, closed seven months ago, valued the company at $545m back then. The current round was led by Nvidia, with contributions from Lightspeed Venture Partners and Sequoia Capital, as well as new investors like DST Global, former Google CEO Eric Schmidt and investment firm 1...

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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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Digital Economy

Spotify and NMPA launch new Opt-In Portal for publishers to enter into direct license deals for expanded AV rights in the US

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2 days ago

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November 11, 2025

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Spotify and the National Music Publishers’ Association (NMPA) launched a new Opt-In Portal allowing NMPA music publishers members to enter into a direct license agreement for expanded audiovisual rights in the US. The NMPA Opt-In Portal is open to eligible publishers from November 11, 2025, with onboarding continuing through December 19.
According to a joint statement, these new agreements "mean higher royalty payouts for independent music publishers and songwriters." In exchange the streaming s...

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Digital Economy

Getty Images signs global multi‑year licensing agreement with Perplexity

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1 week ago

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November 5, 2025

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Getty Images, one of the largest marketplaces for visual content, has announced a global multi‑year licensing agreement with AI company Perplexity. The deal covers display of images from Getty Images across Perplexity’s AI‑powered search and discovery tools.
Getty said the agreement gives Perplexity "rights to display images from Getty Images across its AI‑powered search engine tools, enhancing user experience and improving image attribution."

"Integrated deep into the content creation and d...

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Digital Economy

Online video growth will boost global TV and video market to reach $1 trillion by 2030

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November 5, 2025

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The combined global online video and traditional TV markets are set to reach $1 trillion in annual revenue by 2030, according to two new Omdia reports — 'Global Streaming: Key trends 2025–30' and 'Pay TV & Online Video: Global'.  
The estimated figure includes revenue from subscriptions, on-demand transactions and advertising. During the period 2025-20230, market growth will come from online video, as pay TV growth will be flat.

By 2030, linear TV will account for 11% of the market, while...

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