Hook, the fan-powered music creation social platform, has raised $10 million in a Series A funding round led by Khosla Ventures with participation from existing investors Point72 Ventures, Imaginary Ventures, and Waverley Capital, the investment vehicle co-founded by former Warner Music Group CEO Edgar Bronfman, Jr. The new round brings Hook’s total funding to $16m. Existing investors across the music ecosystem include Kygo’s Palm Tree Crew, Three Six Zero, Avex, The Raine Group, and musician an...

Sync platform SourceAudio has entered into an agreement with services company Symphonic giving independent labels, managers and artists signed to Symphonic the possibility to "easily opt-in and participate" in SourceAudio’s AI music dataset licensing marketplace.

SourceAudio provides fully cleared music licensing for AI training. Under the agreement, Symphonic labels and artists who opt in will be able to earn incremental revenue from their songs when they are used to train approved third-par...

It started with a video featuring Brad Pitt and Tom Cruise fighting on a rooftop, it was followed by outrage from copyright holders, then threats of legal action ensued. At the heart of the matter is the new ideo-generating artificial intelligence model Seedance 2.0, released on February 12 by ByteDance, the Chinese parent company of TikTok, which allows users to generate videos and other complex workflows. The system is designed for professional film, e-commerce, and advertising productions, w...