HYBE Corporation, the largest K-pop agency globally, has been making significant strides in the music industry since its breakout success with BTS. Known for its strategic acquisitions and expansion efforts, HYBE continues to solidify its position as a major player on the international stage. One of the company’s most impactful moves in recent years was…
In a recent earnings call, Warner Music Group (WMG) revealed a significant financial challenge. Bryan Castellani, WMG’s EVP/CFO, disclosed that the company will experience a negative impact of approximately $10 million per quarter going forward due to Meta’s decision to no longer license premium music videos for its platforms. This translates to a $40 million…
Major record companies worldwide are suing music generation services Suno and Udio, claiming that the businesses are utilizing top artists’ copyrights to train their generative AI engines without their consent. In a recent announcement, the Recording Industry Association of America revealed that Udio and Suno, AI music generators, are the target of lawsuits filed by…
The live music industry is booming, but behind the scenes, a contentious debate rages on: artist representatives claim that venues are taking an unfair cut of merchandise sales. Let’s delve into the issue, explore real-world examples, and discuss potential solutions.Artist reps argue that the 20% to 25% cut venues take from merchandise sales is excessive,…