News

SNOOP DOGG JOINS $20M SERIES A FUNDING ROUND FOR MUSIC NFT PLATFORM, SOUND

Sound, a music NFT discovery and direct-to-community monetization platform has raised $20 million in a Series A funding round led by a16z crypto.

The round also saw participation from Palm Tree Crew, A Capital, Sound Ventures, Collab + Currency, Scalar Capital, Snoop Dogg, Ryan Tedder, Tay Keith amongst others.

Accordiing to Sound, its platform provides tools for artists to upload, stream, and monetize their music as NFTs “without third party infringement of any kind”.

Sound also say that it lets artists keep 95% of the proceeds from their work and 10% of every resale “without giving up any ownership of their master or publishing rights”.

FRED RUBENSTEIN JOINS SONY MUSIC NASHVILLE AS VICE PRESIDENT, DIGITAL MARKETING

Sony Music Nashville has appointed Fred Rubenstein as Vice President, Digital Marketing, effective immediately.

Rubenstein will be responsible for overseeing the digital marketing team and leading the strategy, execution and implementation of innovative social media and digital marketing campaigns across the SMN roster.

UNIVERSAL MUSIC GROUP CALLS ON US CONGRESS TO PASS NEW RULES REGULATING AI

Universal Music Group (UMG), the world’s largest music rights holder, has called on the US Congress to enact laws protecting creators and other rights holders against copyright infringement by AI developers and users.

At a hearing of the Senate Judiciary Committee’s subcommittee on intellectual property on Wednesday (July 12), Jeffrey Harleston, General Counsel and Executive Vice President for Business and Legal Affairs at UMG, laid out three specific laws UMG would like to see enacted.

They include: A nationwide right of publicity law; the ability of copyright owners to see what has gone into the training of AI models; and the labeling of AI-generated content.

“Right of publicity” refers to an intellectual property right that protects against the unauthorized use of a person’s likeness, voice or other aspects of their identity.

The concept has become a hot topic now that AI apps have given users the ability to create music that convincingly imitates an artist’s music or vocals – as witnessed earlier this year with the viral “fake Drake” track. Both artists who were imitated on that song – Drake and The Weeknd – are signed to UMG labels.

“Deep fakes and or unauthorized recordings or visuals of artists generated by AI can lead to consumer confusion, unfair competition against the artist that actually was the original creator, market dilution and damage to the artist’s reputation, potentially irreparably harming their career,” Harleston told the senators on the subcommittee.

“An artist’s voice is often the most valuable part of their livelihood and public persona, and to steal it, no matter the means, is wrong.”

TIKTOK LAUNCHES GLOBAL ‘ELEVATE’ RISING ARTISTS PROGRAM TO ‘IDENTIFY THE NEXT WAVE OF EMERGING STARS’

A number of initiatives have also been rolled out to promote artists and drive music discovery on the flagship TikTok app.

In May, TikTok launched a #NewMusic Search Hub, described as a “dedicated space for artists around the world to showcase their new songs and for fans to discover their next favorite track”.

According to TikTok, the term ‘New Music’, searched via the #NewMusic had already amassed over 18 billion views on the platform prior to the launch of this official new hub on the app.

In June, TikTok launched a new ‘new release’ feature that lets artists highlight a new track to fans for up to 14 days before release, and for 30 days after release. BTS became the first act to use the promotion tool.

AMBER DAVIS PROMOTED TO SVP OF WARNER CHAPPELL MUSIC UK, IN ADDITION TO ROLE AS HEAD OF A&R

Warner Chappell Music UK (WCM UK), the music publishing arm of Warner Music Group, has announced the promotion of Amber Davis to the role of Senior Vice President.

She will also continue in her position as WCM UK’s Head of A&R and will report into Shani Gonzales, WCM UK’s Managing Director.

In addition to continuing to oversee the A&R department, Davis will take on a broader role in shaping the publisher’s overall UK strategy.

Davis joined WCM UK in 2014 as Creative Director and was named Head of A&R in 2019.

THOMAS COESFELD TO BECOME CEO OF BMG EFFECTIVE JULY 1, 2023

Bertelsmann is bringing forward the long-planned leadership change at BMG, which was announced in January 2023.

Thomas Coesfeld, the current CFO of BMG, will now become the music company’s new CEO with effect from July 1, 2023.

He succeeds the founding CEO Hartwig Masuch, who, according to the company, is leaving BMG and Bertelsmann “at his own request and on the best of mutual terms”.

According to Bertelsmann, “due to his personal plans for the future, Hartwig Masuch had requested an earlier departure” from the company, but will remain associated with Bertelsmann in an advisory capacity until 2026.

The CEO changeover was originally scheduled for January 1, 2024.