Topic: artist compensation
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OpenWav's New App Is Fixing the Broken Music Industry
Wyclef Jean criticizes the current music industry as broken, citing unsustainable revenue from streaming services that offer minimal payouts to artists. OpenWav, a new platform, aims to empower artists by providing direct-to-fan monetization tools for releases, merchandise, and events, allowing t...
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Record Labels in Licensing Talks With AI Music Firms Udio and Suno
Major record labels (Universal, Warner, Sony) are negotiating licensing deals with AI music platforms Udio and Suno to establish artist compensation and potential equity stakes. The agreements aim to resolve copyright disputes by balancing AI innovation with label control over music catalogs, avo...
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Universal Teams with AI Startup Udio Post-Copyright Settlement
Universal Music Group has partnered with AI startup Udio, settling copyright disputes and creating a licensed AI music platform that will offer new revenue streams for artists. The agreement resolves previous litigation and includes financial compensation for UMG artists, while Udio prepares to l...
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