Music Business Worldwide News

1. From Suno being sued by GEMA to Weverse’s 150m lifetime downloads… it’s MBW’s Weekly Round-Up

   The biggest stories from the past week – all in one place…

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2. 10,000 AI tracks uploaded daily to Deezer, platform reveals, as it files two patents for new AI detection tool

   CEO Alexis Lanternier said the company plans to 'exclude' fully AI-generated tracks 'from algorithmic and editorial recommendation'

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3. Court rejects crucial part of Limp Bizkit’s claim in $200m lawsuit against Universal Music Group

   Limp Bizkit's lawyers have until February 3 to amend their lawsuit, or face total dismissal of the case, a federal court judge has ordered

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4. Weverse hit 150m lifetime downloads, saw 19% user growth in 2024, as Ariana Grande, Dua Lipa join superfan platform

   '2024 was a transformative year for Weverse,' said Joon Choi, President of Weverse Company

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5. India’s Tips Music reports 20% revenue jump in latest quarter

   TikTok users worldwide will gain access to Tips Music’s 'diverse library, featuring Bollywood classics and regional hits'

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6. Splice, which hit nearly 350m downloads in 2024, reveals the fastest-growing genres on its platform

   Splice was valued at nearly USD $500 million in 2021 after securing $55 million in funding

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7. Daniel Ek sells another $29m in Spotify stock as total cash-out nears $600m

   The Spotify boss divested $57.1 million worth of company stock in January, bringing his total share sales since July 2023 to $597.3 million

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8. IFPI rolls out Official Southeast Asia Charts, including new charts for Philippines and Vietnam

   The IFPI has also rebranded its existing charts from Indonesia, Malaysia, Singapore, and Thailand.

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9. Robin Ch’i named MD of Warner Music Hong Kong, as Gordon Lee retires after 20 years in the role

   Robin Ch’i steps into the role after a 15-year career on the label side at Warner Music Group

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10. UMG’s Frank Briegmann advocates for robust copyright protection on ‘AI and Content Creation’ panel at Davos

    Exec spoke on the 'AI and Content Creation' panel at the World Economic Forum event

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