Images: Tony Webster and the Pancake Heaven via MixMag
Get ready to hear some wild drops at EDM festivals. Google and Universal Music, the music industry’s largest record company, have entered into talks to create a tool that would enable individual creators to legally use other artists’ melodies and voices in songs generated by AI, according to the Financial Times.
Warner Music, the third-largest music label, has also reportedly been talking to Google about a similar product.
And while discussions between the groups are in the early stages and don’t mean a deal or product launch is imminent, they’re aimed at addressing what’s become a growing problem for the music industry – people using AI to create and monetize convincing “deepfake” tracks, usually without the artists’ consent (though there are some exceptions).
For example:
🤔 The Blueprint?... Though not created by Jay-Z (iykyk), there’s a blueprint for this type of licensing negotiation. In the early days of YouTube, users began adding popular songs as soundtracks to their videos – and after the platform and the music industry battled it out for a few years, a copyright system was established that now pays the music industry ~$6 billion/year.
🎰🏈 Yesterday, Penn Entertainment signed a $2 billion deal to create ESPN Bet, a sportsbook for audiences in the US. It’ll replace the Barstool Sportsbook; Penn also sold its stake in Barstool to Dave Portnoy.
🏀⚾📺 Per multiple reports citing industry sources, Warner Bros. Discovery is targeting the beginning of the MLB Playoffs (Oct. 3) to debut its new paid sports tier for Max, the company’s flagship streaming service.
🚫🍿 Hollywood’s writers and studios are set to meet on Friday to discuss the possibility of resuming negotiations. It’ll be the first time the two sides are meeting since the writer’s strike began three months ago.
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