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☆ Taylor Swift's label UMG to pull music from TikTok, accusing the social media app of bullying
▼ + stars: | 2024-01-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

A music licensing agreement between UMG and TikTok, which is owned by Chinese tech giant ByteDance, expired on Wednesday, and new terms have not been agreed. This means that UMG could pull its music catalog from TikTok. Universal Music Group said on Wednesday that it will cease licensing its music to TikTok and accused the short-form video giant of bullying and intimidation in its contract negotiations. UMG also said that TikTok "makes little effort to deal with the vast amounts of content on its platform that infringe" artists' music. By selectively removing the music of certain of our developing artists, while keeping on the platform our audience-driving global stars."

Persons: UMG, Taylor Swift, Drake, TikTok Organizations: TikTok, Universal Music Locations: UMG, TikTok

☆ TikTok is about to find out if it can survive without Taylor Swift and Ice Spice
▼ + stars: | 2024-01-31 | by ( Hannah Getahun | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Universal Music Group said it could not reach a deal with TikTok to license its music. The label says TikTok pays a "fraction of the rate" that other platforms do for licensing. The current contract between UMG and TikTok expires Wednesday, per the letter. 2", Ice Spice's "In Ha Mood," and Taylor Swift's "Cruel Summer" are a part of the label's catalog. "TikTok has been able to reach 'artist-first' agreements with every other label and publisher," TikTok told Business Insider.

Persons: UMG, TikTok, —, Taylor Swift, Drake, Olivia Rodrigo, Beyonce, Doja, Taylor, Shou Zi, Chew Organizations: Universal Music Group, Service, UMG, Business Locations: UMG, TikTok, China

Universal Music Group, which represents artists including Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish, says that it will no longer allow its music on TikTok now that a licensing deal between the two parties has expired. The licensing agreement between UMG and TikTok is expired as of Wednesday. Political Cartoons View All 253 Images“Ultimately TikTok is trying to build a music-based business, without paying fair value for the music,” UMG said. “Clearly, Universal’s self-serving actions are not in the best interests of artists, songwriters and fans,” TikTok said. Yet Universal Music also called new technology a potential threat to artists and said that TikTok is developing tools to enable, promote and encourage AI music creation.

Persons: Taylor Swift, Drake, Adele, Bad Bunny, Billie Eilish, UMG, ” UMG, TikTok, ” TikTok, ” Organizations: Universal Music Group, ByteDance, Universal Locations: UMG

☆ Universal Music Group pulls Taylor Swift’s songs off TikTok in dispute over payments
▼ + stars: | 2024-01-31 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Universal Music Group has pulled its music off TikTok, preventing more than 1 billion users of the platform from streaming a vast catalog of songs by Taylor Swift, Ariana Grande, Rihanna and other artists. TikTok allows its users to add music to their videos. TikTok, owned by Chinese tech company ByteDance, had proposed paying a “fraction” of the rate that similarly-sized social media platforms pay, Universal said. Like other music companies, Netherlands-based Universal charges royalty fees when its songs are played on social media platforms. TikTok is allowing its platform to be “flooded” with AI-generated music, and provides users with tools to create their own AI-generated recordings, Universal said.

Persons: Taylor Swift, Ariana Grande, Rihanna, Universal, TikTok, Lady Gaga, Justin Bieber, Billie Eilish, J Balvin, Amy Winehouse, ”, ” TikTok, ” Elizabeth Wagmeister Organizations: London CNN — Universal, TikTok, Universal Locations: Netherlands

☆ Universal Music Group Threatens to Remove Music From TikTok
▼ + stars: | 2024-01-31 | by ( Ben Sisario | Derrick Bryson Taylor | ) www.nytimes.com time to read: +1 min

Universal Music Group, the world’s largest music company, said it would revoke the licenses for its vast catalog of songs from TikTok after its current contract expires on Wednesday if the two companies could not reach a new deal addressing Universal’s concerns over artist compensation, artificial intelligence and other issues. In an open letter posted late Tuesday, Universal accused TikTok of responding to its requests with “indifference, and then with intimidation,” creating a public squabble in the remaining hours of the two companies’ existing contract. If the talks fail, TikTok users would be unable to use music by Taylor Swift, Lady Gaga, U2, Bad Bunny and thousands of other artists in their videos. The company says it is used by more than 150 million Americans. For a majority of TikTok users, music is an integral part of the experience, with songs — often comically sped up — playing over the short clips that fill users’ feeds.

Persons: TikTok, Taylor Swift, Lady Gaga, Universal, ”, A.I Organizations: Universal Music Group, Universal

☆ Inside TikTok's fight against the most powerful music label in the industry and what could happen next
▼ + stars: | 2024-01-31 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

Music licensing talks are heating up between TikTok and Universal Music Group as negotiations have left the conference room and entered the public sphere. "Their core mission is to generate as much money as they can from their recordings for their shareholders," David Herlihy, a copyright lawyer and music industry professor at Northeastern University, told BI. The company is in the process of launching a dedicated streaming app, TikTok Music, and has worked closely with artists on influencer listening parties, livestreams, and in-person events. But TikTok, as a global social giant, is an important product for music artists and labels. This is why the music industry is seeking to capture more value."

Persons: Taylor Swift, Ariana Grande, TikTok, It's, David Herlihy, David, Goliath, UMG, Tatiana Cirisano, Jonny Kaps, MIDiA's Cirisano Organizations: TikTok, Universal Music Group, Business, Hollywood, Warner Music Group, Sony Music Entertainment, Northeastern University, Music, MIDiA Research, YouTube, Universal, SiriusXM Locations: India, Australia

☆ Workers are sour on the job market — but it may not be warranted
▼ + stars: | 2024-01-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Maskot | Digitalvision | Getty ImagesWorkers are sour on the job market — but that pessimism may be somewhat misplaced. So far in 2024, for example, big technology firms including Amazon, eBay, Google and Microsoft have announced job cuts. U.S.-based companies planned about 722,000 job cuts in 2023, almost double those announced in 2022, according to Challenger, Gray & Christmas, an outplacement and executive coaching firm. watch nowHowever, those recent headlines mask strength in the overall job market, economists said. "It's still a very robust and resilient labor market overall," Pollak said.

Persons: Daniel Zhao, Zhao, it's, Mark Zandi, Zandi, they've, Julia Pollak, " Pollak Organizations: Digitalvision, Getty Images Workers, Amazon, eBay, Google, Microsoft, Citigroup, Universal Music Group, U.S, Challenger, Moody's, Federal Reserve Locations: BlackRock, U.S

☆ Opinion: How Taylor Swift conquered capitalism
▼ + stars: | 2023-12-02 | by ( Opinion Jeff Yang | ) edition.cnn.com time to read: +7 min

CNN —There’s a whole cottage industry in pop culture essay writing dedicated to trying to unpack why Taylor Swift is so successful. Singer-songwriter Taylor Swift performs onstage during Taylor Swift The 1989 World Tour Live In Los Angeles at Staples Center on August 25, 2015 in Los Angeles, California. Taylor Swift performs onstage during night one of Taylor Swift | The Eras Tour at Nissan Stadium on May 05, 2023 in Nashville, Tennessee. Already a billionaire, Swift stands to personally make as much as $4.1 billion from the “Eras” tour, according to estimates cited by the Post. Keep an eye out: “The Tao of Tay: The Swift Path to Success,” coming soon to better airport bookstores everywhere.

Persons: Jeff Yang, Bruce, “, CNN —, Taylor Swift, Jeff Yang CNN, Kim Kardashian, Michael Jackson, Madonna, Britney Spears, Justin Bieber, aplomb, Swift, Ariana Grande, Tay, bestie, she’s, Celine Dion, She’s, Christopher Polk, Scooter Braun, ” It’s, Joan of Arc, John Shearer, “ Taylor Swift, Swift’s, Merrill Lynch, ” Organizations: CNN, Singer, Los, Staples Center, Republic Records, Universal Music Group, Universal, Washington Post, Nissan, Machine Records Locations: Asian America, America, Los Angeles, Los Angeles , California, Nashville , Tennessee, Pennsylvania, Nashville, Tay

Nov 22 (Reuters) - Oscar-winning actor Jamie Foxx was accused of sexual assault in a lawsuit filed in New York City on Wednesday that alleges he groped a woman at a rooftop bar and restaurant in Manhattan in August 2015. Foxx's representatives did not immediately respond to a request for comment on the lawsuit, which seeks unspecified damages. The actor is best known for his Academy Award-winning portrayal of singer Ray Charles in the 2004 film "Ray." Music industry veteran Jimmy Iovine was likewise sued on Wednesday by an woman claiming he sexually abused her. In the Iovine complaint filed in New York state court in Manhattan, a woman identified only as "Jane Doe" said she was sexually abused, forcibly touched and subject to sexual harassment and retaliation in August 2007.

Persons: Jamie Foxx, Jane Doe, Foxx, Ray Charles, Ray, Jimmy Iovine, Iovine, Douglas Wigdor, Dr, Dre, Russell Brand, Bill Cosby, Harvey Weinstein, Donald Trump, Sean, Diddy, Combs, Axl Rose, Sheila Kennedy, Dawn Chmielewski, Steve Gorman, Daniel Wallis, Dan Whitcomb, Robert Birsel Organizations: Interscope Records, West Coast, Universal Music, Beats Electronics, Apple, Thomson Locations: New York City, Manhattan, New York, West, Los Angeles

☆ Spotify to slash royalties for rain sounds, white noise and other non-music tracks
▼ + stars: | 2023-11-22 | by ( Jennifer Korn | ) edition.cnn.com time to read: +3 min

A sound featuring 30 seconds of white noise has thus far been worth the same as an artist’s original music track, creating a “revenue opportunity for noise uploaders well beyond their contribution to listeners,” according to Spotify, and creating frustration throughout the music industry. Until now, creators of functional sounds have been able to game Spotify’s streaming system to maximize revenue with minimal effort. The functional genre includes nature sounds, white noise, sound effects and silence recordings. “Obviously white noise is very different from ‘Bohemian Rhapsody,’ but it, currently under this model, is paid the same,” Marina Guz, chief commercial officer at Endel, an AI-driven functional music company partnered with Universal Music Group, told CNN. Guz explained that there has been rising pressure from labels and artists to change the way Spotify makes distinctions between functional noise and music.

Persons: CNN —, ”, Ed Sheeran, Robert Kync, ” Marina Guz, Guz, “ There’s, ” Guz, Spotify’s Organizations: CNN, Spotify, Warner Music Group, Universal Music Group, Bloomberg

☆ Music industry veteran Jimmy Iovine faces sexual abuse allegation
▼ + stars: | 2023-11-22 | by ( Dawn Chmielewski | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

Jimmy Iovine accepts the Ahmet Ertegun Award on stage at the 37th Annual Rock & Roll Hall of Fame Induction Ceremony in Los Angeles, California, U.S., November 5, 2022. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsNov 22 (Reuters) - Music industry veteran Jimmy Iovine was sued on Wednesday by an woman who claims she was sexually abused. A spokesperson for Iovine said they were "quite shocked and baffled" by the alleged claim. No one has ever made a claim like this against Jimmy Iovine, nor have we been contacted or made aware of any complaint by anyone, including this unknown plaintiff prior to now,” the spokesperson said. The onetime recoding engineer co-founded Interscope Records, a music label associated with West Coast hip hop that is now part of Universal Music Group(UMG.AS).

Persons: Jimmy Iovine, Ahmet Ertegun, Mario Anzuoni, Jane Doe, Iovine, Douglas Wigdor, Dr, Dre, Russell Brand, Bill Cosby, Harvey Weinstein, Donald Trump, Sean, Diddy, Combs, Axl Rose, Sheila Kennedy, Dawn Chmielewski, Daniel Wallis Organizations: Roll Hall, REUTERS, U.S, Interscope Records, West Coast, Universal Music, Beats Electronics, Apple, Thomson Locations: Los Angeles , California, U.S, New York, Manhattan, West, Los Angeles

Copyright Office. Copyright Office, which registered more than 480,000 copyrights last year covering millions of individual works but is increasingly being asked to register works that are AI-generated. So far, copyright claims for fully machine-generated content have been soundly rejected because copyright laws are designed to protect works of human authorship. More than 9,700 comments were sent to the Copyright Office, part of the Library of Congress, before an initial comment period closed in late October. So far, courts have largely sided with tech companies in interpreting how copyright laws should treat AI systems.

Persons: ”, “ We’ve, Shira Perlmutter, Perlmutter, Justine Bateman, ” Bateman, “, Lilla Zuckerman, craven, Marc Beeson, who’s, Carrie Underwood, Garth Brooks, Beeson, “ ravenous, Heidi Bond, Courtney Milan, Bond, ” Perlmutter Organizations: . Copyright, Technology, Associated Press, U.S . Copyright, Copyright, of Congress, Gentlemen, US Copyright, Hollywood, Universal, Group, New York Times, FAIR, Google, Microsoft, Facebook, U.S, Supreme Locations: U.S, United States, Nashville, American, San Francisco

NEW YORK (AP) — George “Funky” Brown, the co-founder and longtime drummer of Kool & The Gang who helped write such hits as “Too Hot,” “Ladies Night,” “Joanna” and the party favorite “Celebration,” died Thursday in Los Angeles at age 74. Brown died after a battle with cancer, according to a statement released by Universal Music. He had retired earlier in the year, nearly 60 years after the band began, and revealed that he was diagnosed with stage 4 lung cancer. In 2023, Brown produced the band's latest album, “People Just Wanna Have Fun,” and released his memoir “Too Hot: Kool & The Gang & Me.”Political Cartoons View All 1253 ImagesHe is survived by his wife, Hanh Brown, and his five children. In lieu of flowers, his family has asked that donations can be made in his honor to the Lung Cancer Society of America.

Persons: — George “ Funky ” Brown, ”, Joanna ”, Brown, Robert “ Kool ” Bell, Ronald Bell, Charles Smith, Hanh Brown Organizations: Kool, The, Universal Music, Lung Cancer Society of America Locations: Los Angeles

☆ John Legend and Charli XCX agreed to have their voices cloned by YouTube. It's the start of an AI war among musicians.
▼ + stars: | 2023-11-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

YouTube has launched a new AI music tool that will let creators use the voices of famous artists. AdvertisementYouTube has launched a new AI music tool that lets creators use the voices of famous artists. The company's AI experiment, Dream Track, marks one of the first real attempts to commercialize AI-generated music. Launched on Thursday, the tool will allow some creators to use AI versions of artists' voices for soundtracks of up to 30 seconds. AdvertisementIn the blogpost published by YouTube, Puth said he was "excited and inspired" by the project.

Persons: Charlie Puth, Charli XCX, Demi Lovato, —, Alec Benjamin, John Legend, Sia, Troye Sivan, Puth, Drake, Nick Cave Organizations: YouTube, Service, Universal Music Group, Google, Bloomberg, Spotify

☆ Music publishers ask court to halt AI company Anthropic's use of lyrics
▼ + stars: | 2023-11-17 | by ( Dawn Chmielewski | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLOS ANGELES, Nov 17 (Reuters) - Three music publishers are asking a federal court judge to issue a preliminary injunction that would prevent artificial intelligence company Anthropic from reproducing or distributing their copyrighted song lyrics. The three publishers filed a suit against Anthropic on Oct. 18, which accused the San Francisco company of "systematic and widespread" infringement of their copyrighted song lyrics. The publishers allege Anthropic "profits richly" from its infringement of their repertoires of copyrighted works, achieving a valuation of $5 billion while paying "nothing" to publishers or their songwriters. "Anthropic must not be allowed to flout copyright law," the publishers said in a court document supporting its request for a preliminary injunction. "If the court waits until this litigation ends to address what is already clear -- that Anthropic is improperly using publishers' copyrighted works -- then the damage will be done."

Persons: Dado Ruvic, ” Anthropic, Anthropic, Claude, Don McLean's, Buddy Holly, Dawn Chmielewski, Mary Milliken, Franklin Paul Organizations: REUTERS, Universal, Concord Music, ABKCO, Reuters, Anthropic, San, Franklin Paul Our, Thomson Locations: San Francisco, Los Angeles

☆ YouTube debuts AI tool that mimics vocals of artists like John Legend, Demi Lovato
▼ + stars: | 2023-11-16 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

The new product, called "Dream Track," is a collaboration with nine musical artists including John Legend, Demi Lovato, T-Pain, and Sia, among others. It will be limited to YouTube Shorts, the platform's short-form video sharing feature which rivals TikTok, owned by Chinese technology giant ByteDance. The company also featured statements from the artists themselves, who framed the platform as a way to have a stake in the emerging AI music space. Lovato added, "The development of AI technology is rapidly changing the way we navigate the landscape and I believe as artists we need to be a part of shaping what that future looks like." In April, Universal Music Group petitioned YouTube and other music sharing sites to remove the song over copyright claims.

Persons: John Legend, Demi Lovato, Sia, Lyor Cohen, Toni Reid, —, Lovato, Drake Organizations: YouTube, TikTok, Google, Universal Music Group, CNBC Locations: U.S

☆ The Beatles to release AI-powered new song with Lennon's voice
▼ + stars: | 2023-11-02 | by ( Alessandro Parodi | ) www.reuters.com time to read: +2 min

REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsNov 2 (Reuters) - The last Beatles song featuring the voice of late member John Lennon and developed using artificial intelligence will be released on Thursday at 1400 GMT alongside the band's first track, record label Universal Music said. Called "Now and Then", the song - billed as the last Beatles song - will be released in a double A-side single which pairs the track with the band's 1962 debut UK single "Love Me Do", Universal Music Group (UMG.AS) said in a statement. The Beatles' YouTube channel premiered late on Wednesday the short film "Now And Then – The Last Beatles Song" ahead of the release of the track. loadingDirected by Oliver Murray, the 12-minute clip features exclusive footage and commentary from members of the band, Lennon's son Sean Ono Lennon and filmmaker Peter Jackson, who directed the 2021 documentary series "The Beatles: Get Back". The song also features parts recorded by surviving members Paul McCartney and Ringo Starr as well as the late George Harrison.

Persons: Paul McCartney, Ringo Starr, Ed Sullivan, Mario Anzuoni, John Lennon, Oliver Murray, Lennon's, Sean Ono Lennon, Peter Jackson, Jackson, Lennon, George Harrison, Alessandro Parodi, Gareth Jones Organizations: REUTERS, Universal Music, YouTube, Thomson Locations: Los Angeles

☆ How generative AI's uncomfortable relationship with copyright law will determine the future of the industry
▼ + stars: | 2023-11-01 | by ( Riddhi Kanetkar | Tasmin Lockwood | ) www.businessinsider.com time to read: +7 min

Rights holders argue that AI using their work without a license should be considered "unauthorized derivative work" — an infringement of copyright law. Meanwhile, AI startups insist that their models comply with fair-use doctrine, which grants them some leeway to others' works. This month, Universal Music Group sued the AI startup Athropic for circulating copyrighted lyrics. He believes that future regulations may explicitly forbid AI data scraping. "They can train models on data that's not universally available to customers, and tell them it's licensed and compliant."

Persons: Eva Toorenent, who's, that's, Simon Menashy, Menashy, Ekaterina Almasque, OpenOcean Almasque, Getty, Sunny Dhillon, Harvey, Horowitz, Andre Retterath, GDPR, CCPA, Taylor, Swift Organizations: Universal Music Group, Getty, Harvard Business, MMC Ventures, Kyber Knight Capital, Nvidia, Earlybird Venture Locations: what's, Europe

☆ 4 stocks that a trio of the world's best money managers are placing massive bets on — plus 4 investing philosophies and strategies that fuel their success
▼ + stars: | 2023-10-27 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Have a concentrated portfolioHaving a concentrated portfolio means investing in a relatively small number of stocks as opposed to a larger number for the sake of diversity. Buy quality stocksSucceeding with a concentrated portfolio relies on one thing: buying quality stocks. A quality stock is a company that's able to consistently post profits and returns on capital. Apple and Alphabet would be considered consensus quality stocks, and Munger is well known for his fondness of shares of Coca-Cola, another stock traditionally classified as quality. Buy stocks with good management teamsOne element of a company that makes it "quality" is its management team.

Persons: Charlie Munger, Bill Ackman, Michael Baron —, We've, Baron, Ackman, Ron Baron, Warren Buffett, Munger, he's, they've, They've Organizations: CNBC's, Alpha, Pershing Square Holdings, Universal Music, Morningstar, Partners Fund, Nasdaq, Berkshire Hathaway, Apple, Coca Locations: Munger, Ackman, Berkshire

☆ New Beatles song 'Now and Then' gets a little help from AI
▼ + stars: | 2023-10-26 | by ( Sachin Ravikumar | Thomson Reuters | Sachin Ravikumar Is A Correspondent For Reuters In London Covering General News Across The Uk. Over Nine Years At Reuters | ) www.reuters.com time to read: +2 min

REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsLONDON, Oct 26 (Reuters) - Fans of the Beatles might just twist and shout in joy. A new Beatles song will be released next week, featuring the voice of late member John Lennon and developed using artificial intelligence, record company Universal Music Group (UMG.AS) said on Thursday. Called "Now and Then," the song - billed as the last Beatles song - also features parts recorded by surviving members Paul McCartney and Ringo Starr as well as the late George Harrison. The idea to revive the tune followed Peter Jackson's 2021 documentary series "The Beatles: Get Back," which had managed to isolate instruments and vocals using AI. The same technology was applied to "Now and Then," which was then completed by McCartney and Starr, Universal said.

Persons: Paul McCartney, Ringo Starr, Ed Sullivan, Mario Anzuoni, John Lennon, George Harrison, McCartney, Lennon, Harrison, Lennon's, Yoko Ono, Peter Jackson's, Starr, Universal, John, Sachin Ravikumar, Matthew Lewis Organizations: REUTERS, Beatles, Universal Music, Thomson Locations: Los Angeles, New York City, London

☆ Taylor Swift helps fuel Universal Music Group's third-quarter revenue
▼ + stars: | 2023-10-26 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

[1/2] Universal Music Group logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 26 (Reuters) - Cultural phenomenon Taylor Swift helped fuel revenue at Universal Music Group (UMG.AS) in the third quarter, the world's largest record label said on Thursday. Universal Music and a number of its artists also partnered with YouTube on a Music AI Incubator, to explore how to use the technology to enhance artist creativity. EBITDA for the quarter fell 11.3% to 478 million euros, reflecting the impact of non-cash share-based compensation expenses of 103 million euros during the quarter. Revenue from music publishing rose 17.5% to 491 million euros, while merchandise sales increased 20.1% to 227 million euros.

Persons: Dado Ruvic, Taylor Swift, Swift, Lucian Grainge, Grainge, we're, Morgan Wallen, Olivia Rodrigo, King, Prince, Dawn Chmielewski, Chizu Nomiyama, Jonathan Oatis Organizations: Universal, REUTERS, Universal Music, YouTube, Revenue, Thomson Locations: Los Angeles

☆ Earnings will 'make or break' European stocks — here's what to watch, according to analysts
▼ + stars: | 2023-10-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Investors will look to the upcoming earnings season to see whether stocks can recover from recent losses or if more declines are ahead. "All year, we've seen the steady weakening in European soft data and, more recently, hard data. In a note titled "Q3 Earnings - Make or break," Barclays analysts echoed that sentiment, suggesting that despite resilient earnings thus far, more mixed third-quarter economic indicators hint at equally varied results. UBS analysts have identified stocks that could surprise, both positively and negatively, when their earnings results are released in the coming weeks. Fowler said UBS analysts have historically been pretty accurate at predicting surprises, especially when combined with a value investing bias, which has tended to outperform.

Persons: Gerry Fowler, we've, Fowler, CNBC's, Fowler isn't, Emmanuel Cau, Stocks Organizations: UBS, Barclays, Santander, Ryanair, Siemens Energy, Nordic, Universal Music, AstraZeneca Locations: Europe

☆ Music publishers sue Amazon-backed AI company, accusing it of 'systematic and widespread' infringement of song lyrics
▼ + stars: | 2023-10-19 | by ( Chris Johnston | ) www.businessinsider.com time to read: +4 min

The Amazon-backed AI company is accused of "systematic and widespread infringement" of song lyrics. AdvertisementAdvertisementThe AI company that Amazon recently took a $4 billion stake in is being sued by a trio of music companies, which have accused the startup of "systematic and widespread infringement of their copyrighted song lyrics." The suit against Anthropic was filed in Nashville on Wednesday by Universal Music Group Publishing (UMGP), along with Concord Music Group and ABKCO. UMGP is part of Universal Music Group, the world's biggest music company. The AI company is also accused of infringing material under copyright even when not specifically asked to do so.

Persons: —, Anthropic, Claude, Katy Perry, Matthew J . Oppenheim Organizations: Universal Music Group Publishing, Nashville Wednesday, Business, Service, Amazon, Wednesday, Concord Music, Universal Music Group, Oppenheim Locations: Nashville, UMGP, San Francisco, Anthropic

☆ Anthropic's AI chatbot Claude is posting lyrics to popular songs, lawsuit claims
▼ + stars: | 2023-10-18 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Universal Music has sued artificial intelligence startup Anthropic over "systematic and widespread infringement of their copyrighted song lyrics," per a filing Wednesday in a Tennessee federal court. One example from the lawsuit: When a user asks Anthropic's AI chatbot Claude about the lyrics to the song "Roar" by Katy Perry, it generates an "almost identical copy of those lyrics," violating the rights of Concord, the copyright owner, per the filing. The lawsuit also named Gloria Gaynor's "I Will Survive" as an example of Anthropic's alleged copyright infringement, as Universal owns the rights to its lyrics. Anthropic was founded in 2021 by former OpenAI research executives and funded by companies including Google , Salesforce and Zoom. "We have been focused on businesses, on making Claude as robustly safe as possible," Daniela Amodei, co-founder and president of Anthropic, told CNBC in a July interview.

Persons: Katy Perry, Claude, Gloria Gaynor's, Anthropic's, Anthropic, Kamala Harris, OpenAI's, Daniela Amodei Organizations: Pepsi, University of Phoenix, Farm, Universal Music, Universal, Google, White, Microsoft, CNBC Locations: Glendale , Arizona, Tennessee, Concord, ABKCO

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsCompanies Anthropic FollowAlphabet Inc FollowAmazon.com Inc Follow Show more companiesOct 18 (Reuters) - Music publishers Universal Music (UMG.AS), ABKCO and Concord Publishing sued artificial intelligence company Anthropic in Tennessee federal court on Wednesday, accusing it of misusing an "innumerable" amount of copyrighted song lyrics to train its chatbot Claude. The music publishers' lawsuit appears to be the first case over song lyrics and the first against Anthropic, which has drawn financial backing from Google (GOOGL.O), Amazon (AMZN.O) and former cryptocurrency billionaire Sam Bankman-Fried. The lawsuit accused Anthropic of infringing the publishers' copyrights by copying their lyrics without permission as part of the "massive amounts of text" that it scrapes from the internet to train Claude to respond to human prompts. For example, the lawsuit said that Claude will provide relevant lyrics from Don McLean's "American Pie" when asked to write a song about the death of rock pioneer Buddy Holly. The publishers asked the court for money damages and an order to stop the alleged infringement.

Persons: Dado Ruvic, Claude, Anthropic, Mark Ronson, Bruno Mars, Matt Oppenheim, Sam Bankman, Don McLean's, Buddy Holly, Blake Brittain, David Bario, Bill Berkrot Organizations: REUTERS, Universal Music, Concord Publishing, Beach, Microsoft, Anthropic, Google, Thomson Locations: ABKCO, Tennessee, rightsholders, Washington

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