Dylan Smith

BandLab Parent Raises Another $25 Million — This Time At a $425 Million Post-Capital Valuation

May 23, 2023

Photo Credit: BandLab The parent company of cloud-based music-creation platform BandLab has announced a $25 million Series B1 that brought with it a $425 million post-cash valuation. Singapore-headquartered... Read More...

Bad Bunny and Apple Music Kick Off Massive Pepsi Promotional Campaign — $2.11 Million Worth of Prizes

Dylan Smith

May 22, 2023

Photo Credit: Glenn Francis / CC by 4.0 Pepsi has officially kicked off a major ad campaign (“Press Play On Summer”) with Apple Music and the streaming service’s 2022 artist of the year, Bad Bunny. Pepsi, A... Read More...

Meta Slapped With ‘Unprecedented’ $1.3 Billion EU Fine Over Data Transfers: ‘Serious Infringements Have Far-Reaching Consequences’

Dylan Smith

May 22, 2023

Following a lengthy investigation, Ireland's Data Protection Commission has announced a $1.3 billion Meta EU fine over allegedly unlawful data transfers. Photo Credit: Dima Solomin Ireland’s Data Protection C... Read More...

NetEase Cloud Music Announces Dolby Atmos Support, Touts Itself As the Leading Music Platform ‘Among China’s Vibrant Generation Z Community’

Dylan Smith

May 22, 2023

A nighttime shot of Hangzhou, where NetEase is based. Photo Credit: Kana Toyama As competition between China’s foremost streaming players continues to heat up, NetEase Cloud Music has announced support for Do... Read More...

Latest Music Industry Hires: BMG, Chrysalis Records, LiveCo, Ineffable Records, More

Dylan Smith

May 19, 2023

In one of May's music industry hires and promotions, Ineffable Records named Pandora vet Diego Herrera (pictured) director of business development. Photo Credit: Ineffable Records Here’s a recap of recent mus... Read More...

WMG’s Rhino Announces ‘Quarterly Premium Vinyl Series’ — Hi-Fi Reissues from The Cars, John Coltrane, and More

Dylan Smith

May 19, 2023

The Rhino High Fidelity limited-edition reissue of The Cars (1978). Photo Credit: Warner Music Group Warner Music Group’s Rhino Records has announced a high-fidelity “quarterly premium vinyl series” that’s ki... Read More...

ASCAP and BMI Form Joint Task Force Targeting ‘Suspicious Registrations’ Amid An ‘Explosion of Music Being Uploaded to Digital Platforms’

Dylan Smith

May 19, 2023

With AI tracks debuting in droves, performance rights organizations (PROs) ASCAP and BMI have established “a joint task force” designed “to address suspicious registrations associated with musical works acros... Read More...

Music Industry Applauds Supreme Court Ruling in Prince Artwork Case — Emphasizing the Potential Implications for AI

Dylan Smith

May 18, 2023

The Supreme Court building in Washington, D.C. Photo Credit: Joe Ravi In a ruling that may have major implications for the music industry – especially amid the advent of artificial intelligence – the Supreme ... Read More...

Audacy Stock Is Being Delisted from the NYSE Due to ‘An Abnormally Low Selling Price’

Dylan Smith

May 18, 2023

Audacy, previously traded as AUD, is being delisted from the NYSE as a result of “an abnormally low selling price." Philadelphia-headquartered Audacy is being delisted from the New York Stock Exchange (NYSE) ... Read More...

Sting Foresees ‘A Battle We All Have to Fight’ Against AI — ‘The Building Blocks of Music Belong to Us, to Human Beings’

Dylan Smith

May 18, 2023

Sting and Shaggy, who share a manager and are set to play the One Fine Day festival in September, performing live. Photo Credit: S Pakhrin As certain artists continue to embrace artificial intelligence (AI), ... Read More...

SoundExchange Announces $10 Billion Distribution Milestone: ‘We Have Grown Into a Global Music Tech Organization’

Dylan Smith

May 17, 2023

Photo Credit: Joe Mabel / CC by 3.0 SoundExchange says it’s distributed north of $10 billion since debuting as a standalone organization in 2003. The Washington, D.C.-based entity, which collects royalties ... Read More...

OpenAI CEO Sam Altman Says Creators ‘Need to Benefit’ from AI — But His Company Is ‘Still Talking to Artists and Content Owners About What They Want’

Dylan Smith

May 17, 2023

Photo Credit: Jonathan Kemper With artificial intelligence continuing to play an increasingly significant music industry role, Sam Altman has communicated that members of the creative community "deserve contr... Read More...

Author Dylan Smith