Music Business Worldwide News

1. With Kid Rock at his side, Trump signs executive order to curb ticket price gouging

   Live Nation welcomed the executive order despite its ongoing legal battle with the federal government over alleged violations of antitrust laws

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2. Udio, the startup sued by record companies last year, unveils tool to clone ‘sonic identity’ of existing songs

   Udio says its cloning technology “only supports uploads of content that users own or control"

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3. Merlin sues TikTok rival Triller for breach of contract over allegedly unpaid music licensing fees

   The digital music licensing org for indie record labels says short video platform Triller owes it $2.55 million

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4. Chance the Rapper’s big money legal battle with ex-manager headed to trial

   A judge in Illinois denied Chance's motion for summary judgment last week.

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5. BABYMETAL ink global deal with Capitol Records, becoming the ‘first Japanese artist to sign a frontline deal with the label’

   The group will release new album METAL FORTH, globally via Capitol Records on June 13

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6. CTS Eventim revenues soared 19.1% YoY to $3bn in 2024

   “Rising demand, organic growth, ongoing synergies and a successful international acquisition policy are the pillars of our robust growth"

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7. European Union’s latest draft AI Code of Practice renders copyright ‘meaningless,’ rightsholders warn

   The third draft no longer requires AI companies to publish a copyright policy, and only “encourages” them to do so

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8. Spotify expands video creator monetization program to nine new markets

   The Spotify Partner Program is expanding to eligible creators in France, Belgium, Luxembourg, Netherlands, Ireland, New Zealand, Germany, Austria, and Switzerland

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9. China’s $6B-valued Kunlun Tech debuts ‘world’s first’ music reasoning model, claims it can outperform Suno

   Kunlun's “chain-of-thought” technology incorporates thinking and self-criticism in the music generation process

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10. Pophouse Entertainment, the firm behind ABBA Voyage, closes $1.3bn music rights buying fund

    Pophouse said it has already deployed about 30% of the fund

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