Latest posts
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New Agreement Enhances Royalty Flow Between US and UAE Music Markets
SoundExchange has established a reciprocal agreement with MusicNation in the UAE, facilitating royalty collections for artists in both regions. In a significant move for the music industry, SoundExchange has announced a new agreement with MusicNation, a prominent organization in the United Arab Emirates. This partnership aims to streamline the collection and distribution of neighboring rights…
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Suno Appoints Cherry Miao as Its First Chief Financial Officer
In a significant move, Suno has appointed Cherry Miao as its inaugural Chief Financial Officer, emphasizing the importance of music in human experience. Cherry Miao, previously the CFO at Hightouch, brings a wealth of experience to her new role at Suno. During her tenure at Hightouch, she was responsible for overseeing finance, legal, data, and…
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ElevenLabs Introduces Music v2.5 Following UMG Licensing Agreement
ElevenLabs has unveiled its latest version of Music, v2.5, just after securing a licensing deal with UMG. On September 11, ElevenLabs announced that Music v2.5 is now the default model for both prompted and reference generation within its ElevenMusic platform. This update marks a significant step forward for the company, which has been making waves…
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Navigating Independence in a Collaborative Music Landscape
In today’s music industry, independence and collaboration coexist in a complex relationship. Richard Leach, CEO of Curve Royalty Systems, shares insights on the evolving dynamics of independence within the music sector. He emphasizes that while artists strive for autonomy, the interconnected nature of the industry often necessitates collaboration with various stakeholders, including labels, publishers, and…
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Zakk Wylde’s Black Label Society Catalog Acquired by MNRK Music Group
The acquisition marks a significant milestone for both MNRK Music Group and Zakk Wylde’s Black Label Society. MNRK Music Group has officially announced the acquisition of the recorded catalog belonging to Zakk Wylde’s Black Label Society. This extensive catalog spans over two decades and includes 11 studio albums, showcasing the band’s evolution and impact on…
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Key Developments in Music Business: ElevenLabs’ UMG Deal and HYBE Weverse Data Breach
Recent events in the music industry highlight significant business moves and challenges. This week, the music industry witnessed a major financial development as ElevenLabs secured a substantial $11 billion deal with Universal Music Group (UMG). The agreement is expected to bring transformative changes to the music landscape, though specific details of the deal remain under…