Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be sure you caught the 5 largest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their earnings and cut back their touring prices.
This week, the music enterprise information cycle was dominated by litigation information. The music publishers suing AI agency Anthropic for allegedly copying lyrics with out authorization responded to Anthropic’s movement to dismiss, saying the AI agency simply desires to “stall” the case “as a lot as doable.”
In the meantime, pharma big Johnson & Johnson has been sued by Related Manufacturing Music – which claims a catalog of 1 million tracks and is co-owned by Sony and Common‘s publishing arms – for “rampant” copyright infringement in its social media promo movies.
In different courtroom information, US efficiency rights org BMI has filed a petition in a New York court docket to find out the license charges to be paid by SiriusXM, the end result of a long-running disagreement over the suitable funds to be made by the satellite tv for pc radio big.
There was additionally information this week on the M&A entrance, with MBW uncovering a USD $25-million buy of a 51% stake in an unknown firm by Ok-pop big HYBE.
In the meantime, Harmony Music Group‘s recordings division introduced the merger of Harmony Information and Fantasy Information underneath the Harmony Information model, with the entity to be run by Co-Presidents Margi Cheske and Mark Williams.
The music publishers who sued AI developer Anthropic final yr for allegedly infringing the copyrights on track lyrics have requested a US federal court docket to reject Anthropic’s request to dismiss a lot of the case in opposition to it.
“Anthropic’s protection of this case up to now has been to stall as a lot as doable, mischaracterize the information alleged in publishers’ criticism… and misstate the legislation,” attorneys for Common Music Publishing Group, Harmony Music Group and ABKCO wrote in a response to Anthropic’s movement to dismiss.
Anthropic final month filed a movement with the US District Courtroom for the Northern District of California to have a big a part of the copyright infringement case in opposition to it dismissed, which, if granted, would remove three of the 4 expenses introduced in opposition to it.
Anthropic requested the court docket to remove the fees of contributory infringement, vicarious infringement, and “removing or alteration of copyright administration info,” a violation of the US Digital Millennium Copyright Act (DMCA)…
Pharmaceutical big Johnson & Johnson has been sued for alleged ‘rampant’ copyright infringement.
In its lawsuit, filed in a California court docket on Thursday (September 5), outstanding US manufacturing music home Related Manufacturing Music (APM) claimed that Johnson & Johnson has been utilizing its music in promotional movies posted to YouTube and Fb with out permission.
APM holds a catalog of greater than 1 million tracks. The corporate says within the lawsuit and on its web site that its catalog consists of a number of “numerous and in-demand manufacturing music libraries”, together with KPM Music, Bruton, Sonoton, Cezame, and Kosinus.
The corporate is collectively owned by Sony Music Publishing and Common Music Publishing Group (neither of that are named as plaintiffs within the go well with)…
US efficiency rights group BMI has filed a price court docket motion in opposition to SiriusXM to find out what it says are “honest and applicable charges for a license” with the satellite tv for pc radio service.
Within the petition, filed in a New York court docket on Thursday (September 12) and obtained by MBW, BMI notes that it licenses the general public efficiency rights in the USA of over 22.4 million songs and compositions.
The PRO explains additional that, in Could 2023, it quoted to Sirius XM “the payment and principal phrases BMI deemed affordable” for a BMI license for the interval January 1, 2022 by means of December 31, 2026.
Nevertheless, BMI and SiriusXM “have been unable to conform to remaining phrases”, the submitting added…
In accordance with regulatory filings, HYBE lately spent USD $25 million to accumulate a 51% stake in an unknown firm.
In HYBE’s semi-annual report, in a bit devoted to occasions that “occurred after the date of writing”, it was reported that the “consolidated firm entered into an settlement to accumulate shares of one other company for USD 25 million on August 1, 2024.”
This part of the regulatory submitting added that, “by means of this transaction, the consolidated firm’s [HYBE’s] shareholding is 51%, and it’s scheduled to be included as a subsidiary within the third quarter.”
HYBE’s swooping for a majority stake within the thriller agency follows a development of M&A offers struck by the Ok-Pop big because it expands globally and into numerous verticals apart from music…
The corporate’s Harmony Information and Fantasy Information manufacturers have been merged underneath the unified Harmony Information banner, led by Co-Presidents Margi Cheske and Mark Williams.
Cheske and Williams are based mostly in Los Angeles and report back to Tom Becci, who was appointed final yr to the newly created position of Harmony Label Group Chief Government.
A brand new emblem has additionally been unveiled for the brand new iteration of the Harmony Information label…
MBW’s Weekly Spherical-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their earnings and cut back their touring prices.Music Enterprise Worldwide
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