Music Business Worldwide News

1. UK record industry warns against celebrating UK government’s copyright bill amendments

   A bill that could weaken UK copyright law in favor of AI developers is headed to a vote in Parliament next week

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2. The EU is investigating UMG’s $775m Downtown buyout – but why, and what happens now?

   MBW explains Article 22, and how the investigation process works...

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3. Justin Hunter named Vice President of Avex Music Group

   Avex Music Group was launched in March

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4. Big Loud sells stake in Morgan Wallen catalog to Chord Music Partners; sources pin deal price at $200m+

   Deal worth slightly north of USD $200 million according to sources

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5. Adrian Sarosi joins Luminate as Vice President, General Manager of International

   Based in London, Sarosi will oversee the company’s international expansion strategy

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6. Universal Music adopts newly launched Connex platform for music credit management

   The Connex platform links music creators and their preferred creator tools with labels, distributors, and publishers

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7. UK government to offer concessions on controversial AI copyright rules as vote nears (report)

   Ministers have reportedly drafted amendments to the data bill that include promises to conduct an economic impact assessment of the controversial changes

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8. NMPA says Spotify’s Q1 growth due to ‘undercutting of songwriters’ via audiobook bundling

   The NMPA says Spotify’s global subscriber and revenue growth is "being subsidized by US songwriters”

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9. Luminate strikes music data partnership with Fortnite maker Epic Games

   Partnership sees metrics from Fortnite Jam Tracks added to Luminate Connect platform

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10. Audius strikes global deal with Downtown Music

    The deal unlocks a potential new source of monetization for Downtown's clients on both the recorded music and publishing side of the business

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