This week, the civil trial between Likelihood the Rapper and his former supervisor Patrick Corcoran continued in Illinois. MBW reported on seven revelations from the courtroom to date.
In the meantime, Harmony acquired distinguished London-based impartial label Ninja Tune, increasing its presence within the UK and Europe.
Elsewhere, there was large information from Common Music Nordics, a division of Common Music Central Europe, which unveiled a brand new construction, unifying its operations throughout Denmark, Norway, Sweden, Finland, and the Baltics below a brand new ‘One Nordic’ mannequin.
Additionally this week, Stay Nation confirmed particulars of its settlement with the US Division of Justice – round per week into the antitrust trial that had threatened to interrupt up the corporate.
And a group of impartial musicians and songwriters sued Google, accusing the corporate of coaching its new Lyria 3 music-generation mannequin on copyrighted recordings pulled from YouTube with out permission or fee.
Listed here are a number of the greatest headlines from the previous few days…
1. CHANCE THE RAPPER VS. PAT THE MANAGER TRIAL: SEVEN REVELATIONS FROM THE COURTROOM SO FAR
The civil trial between Chancelor Bennett (Likelihood the Rapper) and his former supervisor Patrick Corcoran is now nicely underway within the Circuit Court docket of Prepare dinner County, Illinois — a case MBW has been overlaying since 2020.
On the coronary heart of the dispute is an oral settlement that Corcoran says he struck with Bennett in 2013, entitling him to fifteen% of internet income throughout all earnings streams and together with a three-year post-termination sundown clause.
Corcoran is looking for $3.8 million in unpaid commissions. Bennett doesn’t dispute the 15% association however denies ever agreeing to a sundown clause, and has countersued, alleging that Corcoran breached his fiduciary duties and leveraged the Likelihood model for private enrichment.
MBW has obtained transcripts of the testimony. Listed here are seven key moments from the primary week… (MBW)
2. CONCORD ACQUIRES UK-BASED INDIE LABEL NINJA TUNE RECORDS
Harmony has acquired distinguished London-based impartial label Ninja Tune, increasing its presence within the UK and Europe.
The businesses disclosed the transaction on Thursday (March 12).
The deal brings Ninja Tune’s recorded music operations and its publishing arm, Simply Isn’t Music, below Harmony’s umbrella. The catalog consists of songs launched by the label and works from artists together with The Prodigy, Soulwax and Nova Twins… (MBW)
3. UNIVERSAL MUSIC NORDICS RESTRUCTURES, UNIFYING UNITS IN DENMARK, NORWAY, SWEDEN, FINLAND, AND BALTICS UNDER ‘ONE NORDIC’ MODEL
Common Music Nordics, a division of Common Music Central Europe, has unveiled a brand new operational construction.
The corporate’s models in Denmark, Norway, Sweden, Finland, and the Baltics will unify below what Common has dubbed the ‘One Nordic‘ mannequin. The brand new construction sees Common change its conventional country-based management mannequin within the Nordics with what it describes as “one unified, cross-Nordic setup”.
Joakim Johansson, President Common Music Nordic Area, will proceed to guide the unified area, reporting to Frank Briegmann, Chairman & CEO Common Music Central Europe and Deutsche Grammophon… (MBW)
4. LIVE NATION CONFIRMS SETTLEMENT WITH THE US DEPARTMENT OF JUSTICE; SETS ASIDE $280M FOR DAMAGES CLAIMS FROM STATES
Stay Nation Leisure has confirmed particulars of its settlement with the US Division of Justice within the antitrust lawsuit that had threatened to interrupt up the corporate. The deal permits Stay Nation to retain possession of its ticketing subsidiary Ticketmaster.
The settlement, first reported by Politico, comes round per week right into a trial that had been anticipated to final 5 to 6 weeks.
The corporate mentioned in a press launch on Monday (March 9) that the settlement “resolves all remaining issues with the DOJ, with none admission of wrongdoing”, and might be mirrored in a last proposed judgment submitted to the courtroom for approval. Stay Nation famous {that a} portion of the unique claims have been dismissed by the courtroom earlier than trial started… (MBW)
5. INDIE ARTISTS SUE GOOGLE, CLAIMING IT MINED MUSIC FROM YOUTUBE TO TRAIN LYRIA 3 AI MUSIC TOOL
A bunch of impartial musicians and songwriters sued Google final Friday (March 6), accusing the corporate of coaching its new Lyria 3 music-generation mannequin on copyrighted recordings pulled from YouTube with out permission or fee.
The lawsuit came to visit two weeks after Google introduced the launch of Lyria 3 on February 18, describing it because the ‘most superior’ generative AI music mannequin but. The mannequin operates inside Google’s Gemini chatbot app, permitting customers to create 30-second tracks from textual content prompts or photographs.
Lyria 3 was developed by Google DeepMind, the tech big’s AI analysis division, and is the newest iteration of its generative music know-how… (MBW)
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