The Chatbot Search Wars Have Begun
Microsoft, Google, and China’s Baidu all showed off ChatGPT-inspired technology to reinvent web search this week.
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Read more: The Chatbot Search Wars Have Begun -
WMG’s New CEO Robert Kyncl Outlines Vision for Music Industry Amid ‘Tough Quarter’
Read more: WMG’s New CEO Robert Kyncl Outlines Vision for Music Industry Amid ‘Tough Quarter’On an earnings call, Kyncl addressed the future of both Warner and the business at large, commenting on AI, subscription streaming and TikTok.
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MusicBird Secures $100 Million Term Loan Facility to Buy More Music Rights
Read more: MusicBird Secures $100 Million Term Loan Facility to Buy More Music RightsThe company, whose catalog already includes songwriter J.R. Rotem and Shaggy, also recently appointed new CEO Paul Brown.
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The Deals: Stevie Van Zandt Signs ‘Multimillion-Dollar’ Primary Wave Pact; BandLab Buys Airbit
Read more: The Deals: Stevie Van Zandt Signs ‘Multimillion-Dollar’ Primary Wave Pact; BandLab Buys AirbitAlso this week: Utopia Music unloads ROSTR, Codiciado signs with Virgin Music U.S. Latin and more.
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BBLatin, Business, Deals, Latin, Nain Music, Record Labels, Rimas Entertainment, Tech Industry, Tech News
Vico C Signs With Nain Music, a Division of Rimas Entertainment
Read more: Vico C Signs With Nain Music, a Division of Rimas EntertainmentThe rapper is set to drop a new album in May.
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Business, Earnings Reports, Finance, Record Labels, Tech Industry, Tech News, Warner Music Gorup, wmg
Warner Music Posts $1.48B Revenue as Publishing Growth Can’t Offset Lower Profits
Read more: Warner Music Posts $1.48B Revenue as Publishing Growth Can’t Offset Lower ProfitsWMG’s net income was off 34% compared to the year-ago quarter, which had an extra week.
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acquisitions, Business, HYBE, Quality Control, Record Labels, Scooter Braun, Tech Industry, Tech News
HYBE Acquires Quality Control, Making Major Move Into Hip-Hop
Read more: HYBE Acquires Quality Control, Making Major Move Into Hip-HopThe label that developed Migos, Lil Baby and others will now fall under HYBE America and the leadership of CEO Scooter Braun.
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Songtradr to Acquire 7digital for $23 Million
Read more: Songtradr to Acquire 7digital for $23 MillionThe deal values 7digital at a 114% premium over the prior day’s closing price.
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The End of the Zoom Boom
Read more: The End of the Zoom BoomZoom was a pandemic star. It’s the latest tech company to find that status isn’t sustainable.
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Reservoir’s Quarterly Revenues Rise 16% on Strength of Music Publishing Division
Read more: Reservoir’s Quarterly Revenues Rise 16% on Strength of Music Publishing DivisionThe company’s robust publishing business helped offset a $4 million net loss related to one-off debt and the higher U.K. tax rate.
