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Digital Economy

Stingray acquires online radio platform TuneIn for $125 million

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Montreal-based music and video content distribution company Stingray Group has entered into a definitive agreement to acquire TuneIn Holdings, an online radio and audio content platform with a global footprint. Following the acquisition, the TuneIn platform will continue to operate under its existing brand.
Stingray will pay $150 million at closing and up to $25 million 12 months following the closing, based on TuneIn’s forecasted sales of $110 million and adjusted EBITDA of $30 million for the...

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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).

Data

Sonovy joins WIN Supporters programme

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Global music technology company Sonovy has joined the WIN Supporters programme, launched by independent labels' global organisation WIN. The scheme is open to those who want to "support WIN’s work, champion the global independent music sector, and engage with its entrepreneurs in a sustainable and mutually beneficial way."
Sonovy provides professional music distribution, rights management, and royalty reporting solutions for independent artists and labels. “Sonovy’s vision is to strengthen the g...

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Creative Industries

Warner Music Group settles with Suno and signs licensing partnership

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Warner Music Group has settled its copyright infringement suit against Suno, and announced a new partnership with the music AI company that will "open new frontiers in music creation, interaction, and discovery, while both compensating and protecting artists, songwriters, and the wider creative community."
WMG said the deal "brings together Suno's best-in-class AI capabilities with WMG's artist development leadership and expertise at the intersection of music and technology." The deal appears to...

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Vobile launches an AI Song Detector to accurately identify AI-generated music

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Digital asset content protection firm Vobile has released its AI Song Detector, a real-time solution designed to accurately identify AI-generated music. The new service is aimed at Digital Service Providers (DSPs), music distributors, and collecting societies to address "the need to distinguish between human-created and AI-generated music."
"AI is unlocking incredible new avenues for human creativity, but that potential must be built on a foundation of fairness and trust," said Amadea Choplin, E...

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