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The latest on Music Royalty Payments, Unauthorized AI Soundalike Tracks, Saudi Arabia, Hook, Drake, Fave, more...

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The Daily Snapshot.

October 13th, 2023

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Great News: Music Royalty Payments Are Actually In Better Shape Than You Think

When it comes to music royalties, there’s always been a clear delineation between royalty payouts for recordings versus payouts for the underlying musical composition. But beyond the top-level differences, there’s also another stunning difference that’s rarely highlighted. According to prominent royalty-focused exec Jeff Price, recording payouts are faring much better than composition payouts due to lower data ambiguity — with a far lower percentage of compositions properly matched to their owners. Here, we look at this often-overlooked bright spot in the music royalty landscape.

The Story Continues Here.

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U.S. Senators Target Unauthorized AI Soundalike Tracks With Bipartisan ‘No Fakes Act’

With artificial intelligence music – including a growing number of unauthorized soundalike releases – becoming increasingly prevalent, four U.S. senators have introduced a bill that they say would “protect the voice and visual likenesses of individuals from unfair use.”

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As Saudi Arabia Ramps Up Its Music Industry, Rod Stewart Says ‘No Thanks’

The Kingdom of Saudi Arabia (KSA) is aiming to beef up its music industry after it established the Saudi Music Commission in 2020. But the KSA has faced criticism for attempting to use sports and culture to deflect from human rights abuses within the country.

The Story Continues Here.

AI Music-Remix Startup Hook Draws $3 Million Seed Investment in Waverley Capital-Led Round

AI music-remix startup Hook has reportedly raised $3 million from backers including Edgar Bronfman Jr.-founded Waverley Capital.

The Story Continues Here.

Drake Quietly Ends Grammys Boycott — ‘Her Loss’ Submitted in Multiple Categories

After boycotting the 2022 and 2023 Grammys (including by turning down multiple nominations), Drake has quietly ended his feud with the annual event and the Recording Academy, according to reports.

The Story Continues Here.

Superfan App Fave Raises $2 Million With Backers WMG, Sony Music

Fave, the superfan app for like-minded music lovers, has secured $2 million in an ongoing round of funding, with backers like Sony Music and WMG.

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Travis Scott Officially Sells Out 39-Date ‘Utopia – Circus Maximus Tour’ — With Houston Glaringly Absent

Travis Scott officially sells out his 39-date Utopia – Circus Maximus Tour, kicking off Wednesday in Charlotte, NC — with Houston glaringly off the list.

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European Commission Officially Investigating Elon Musk’s Twitter Over Alleged Disinformation

The European Commission officially opens an investigation into Elon Musk’s Twitter over the alleged spread of disinformation following the escalated conflict between Israel and Hamas.

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The Rolling Stones Team Up with Major League Baseball on Team-Customized Vinyl Album Pressings

The Rolling Stones partner with Major League Baseball to release limited edition team-customized vinyl pressings of their new album, ‘Hackney Diamonds.’

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‘What Would Dolly Do?’—Dolly Parton Launches Apple Radio Series

Since her induction into the Rock and Roll Hall of Fame, the Queen of Country Dolly Parton has remained a busy little bee. Now she’s launching a new radio show on Apple Music 1.

The Story Continues Here.

United Talent Agency (UTA) Signs Fancy Hagood

United Talent Agency (UTA) has announced it has signed singer-songwriter Fancy Hagood for worldwide representation in all areas—swiftly after signing Oliver Anthony.

The Story Continues Here.

Most Read: ‘Fyre Festival II’ Is Full-Steam Ahead—McFarland Announces ‘Crew Trip’ for Just $3,500 (Sorry, No Refunds)

Fyre Festival II is a go according to convicted fraudster Billy McFarland. Now he’s selling front row tickets to a second downfall with the ‘Crew Trip.’

The Story Continues Here.

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