Business

From 75,000 AI tracks hitting Deezer daily to UMG’s copyright lawsuit against Quince… it’s MBW’s weekly round-up

Welcome to Music Business Worldwide’s Weekly Round-up – where we make sure you caught the five biggest stories to hit our headlines...

U.S. Army soldier arrested for insider trading tied to capture of Maduro in Venezuela

Gannon Ken Van Dyke, a soldier stationed at Fort Bragg in North Carolina, helped plan and execute Operation Absolute Resolve, a daring mission...

Southwest Air drops as US airlines contend with soaring fuel

Southwest Airlines Co. reported adjusted quarterly profit and revenue that fell just shy of Wall Street’s expectations, as the US carrier joins rivals...

UMG sues $10B-valued fashion brand Quince for ‘rampant and brazen infringement’ in TikTok posts

Universal Music Group and Concord Music Group have filed a copyright infringement lawsuit against Quince, the direct-to-consumer fashion startup that, according to the...

Chord Music-linked ABS vehicle plans $500M deal, backed by $830M catalog led by Suicideboys, Morgan Wallen, and Ryan Tedder rights

A new issuing vehicle linked to Universal Music Group-backed investment platform Chord Music Partners is set to raise $500 million in debt through...

Jeff Bezos’ Blue Origin grounds New Glenn rocket after a bad engine put a satellite in wrong orbit

Jeff Bezos’ rocket company, Blue Origin, blamed a bad engine Monday for a failed weekend launch that left a satellite in the wrong orbit,...

Oil is back to early war days, S&P 500 jumps to all-time high

Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record Friday after Iran said...

Splice launches AI tools that compensate sample creators when their sounds are used

Music creation platform Splice has launched a new suite of AI-powered tools – and says original sample creators will be compensated when their...

Spotify strikes deal with National Independent Venue Association to boost indie venues in the US

Spotify is partnering with the National Independent Venue Association or NIVA for a year-long initiative aimed at giving independently owned music venues more...
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