Welcome to Music Enterprise Worldwide’s weekly round-up – the place we ensure that you caught the 5 greatest 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 revenue and scale back their touring prices.
We knew it was coming, and now it’s right here. This week, in partnership with YouTube, Google unveiled its “most superior music technology mannequin to this point” – an AI engine known as Lyria that “excels at producing high-quality music with instrumentals and vocals”.
Google additionally launched particulars of two experimental initiatives it’s working with YouTube. The primary is named Dream Observe, which can enable a restricted variety of YouTube Shorts creators to make “distinctive soundtracks” utilizing the AI-generated vocals of choose artists, together with Alec Benjamin, Charlie Puth, Charli XCX, Demi Lovato, John Legend, Sia, T-Ache, Troye Sivan and Papoose.
The second challenge facilities round a set of AI instruments that Google says it’s designing with artists, songwriters and producers to “assist bolster their artistic processes”.
In the meantime, we reported that Okay-pop big HYBE is increasing into Latin Music, with its acquisition of Latin Music label Exile Music, and the launch of its new Mexico-based HYBE Latin America division.
Plus, TikTok launched a brand new function that hyperlinks the video platform to streaming companies together with Spotify, Amazon Music and Apple Music, whereas Warner Music Group’s FY revenues topped $6 billion for the primary time.
Right here’s what occurred this week…
On Thursday (November 16), Google unveiled what it calls its “most superior music technology mannequin to this point”.
Dubbed Lyria, and constructed by Google DeepMind, the tech big says that the AI mannequin “excels at producing high-quality music with instrumentals and vocals, performing transformation and continuation duties, and giving customers extra nuanced management of the output’s model and efficiency”.
Google additionally launched particulars of two new AI ‘experiments’ in partnership with YouTube, the primary of which is dubbed Dream Observe, an experiment in YouTube Shorts.
The opposite experiment is centered round a set of Music AI instruments that Google says it’s designing with artists, songwriters, and producers “to assist bolster their artistic processes”.
To develop these initiatives, Google says that it has “introduced collectively technical specialists from throughout Google with a various vary of world-renowned artists and songwriters to discover how generative music applied sciences can responsibly form the way forward for music creation”…
Common Music Group isn’t the one main music firm to endorse Deezer’s new ‘artist-centric’ royalties mannequin.
On Monday (November 13) it was confirmed that Warner Music Group – the world’s third-largest music rights firm – has additionally partnered with Deezer on the brand new payout system for recorded music royalties.
That partnership, initially at the very least, facilities on one territory: Deezer’s house market of France.
Deezer’s ‘artist-centric’ mannequin was introduced by the DSP along side Common Music Group in September.
MBW understands that Warner Music Group, like Common, has been receiving royalties from Deezer beneath an ‘artist-centric’ system since October 1 in France…
TikTok has launched a brand new function known as “Add to Music App” that lets its customers save songs they uncover through TikTok on the streaming companies the place they take heed to their music.
In keeping with an announcement from TikTok on Tuesday (November 14), the Add to Music App function is launching “in partnership with the main music streaming companies, together with Amazon Music and Spotify“.
MBW has confirmed that this function can be accessible for Apple Music customers. On Amazon Music, this function is out there for Prime members and Amazon Music Limitless prospects.
Add to Music App will initially be rolled out over the approaching weeks for customers within the US and UK with testing in additional markets to comply with.
South Korea-headquartered music big HYBE has formally expanded into the booming Latin Music market.
On Monday (November 13), the corporate behind Okay-pop megastars BTS confirmed its acquisition of Latin Music firm Exile Music, an affiliate label of Spanish language leisure studio Exile Content material.
Exile Content material is a division of Candle Media, which is led by outstanding leisure executives Kevin Mayer and Tom Staggs.
By buying the Exile Music label, HYBE is launching a Mexico-based Latin Music arm known as HYBE Latin America, which, in line with the Korea Instances can be led by former YG Leisure govt Kah Jong-hyun. The exec takes up the position of CEO on the new division…
Warner Music Group has posted its fiscal This fall (calendar Q3) and FY monetary outcomes ending September 30, 2023.
WMG’s complete revenues for its full fiscal yr (the 12 months ended September 30) “eclipsed” $6 billion ($6.037bn) for the primary time within the firm’s historical past.
That FY determine – encompassing recorded music, music publishing and different actions – was up 3.9% YoY at fixed forex.
In calendar Q3 (the three months ended September 30 and the corporate’s fiscal fourth quarter), WMG generated complete revenues of $1.586 billion throughout recorded music, music publishing and different actions. That Q3 income determine was up 4.5% YoY at fixed forex.
The quarter included profitable releases from the Barbie soundtrack, FIFTY FIFTY, Ed Sheeran, MISAMO and Zach Bryan…
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