Dylan Smith

Spotify Is Blocking Releases from AI Music Platform Boomy — But Not Because of AI

May 3, 2023

Photo Credit: Markus Spiske Spotify has reportedly pulled a number of songs created through Boomy and ceased allowing new releases from the AI music platform – albeit because of alleged fake streams as oppose... Read More...

Over 15,000 People Have Already Used Grimes’ AI Voice Platform Since Its Beta Launch, Manager Announces

Dylan Smith

May 3, 2023

Grimes performing live. Photo Credit: Caitlyn Ridenour North of 15,000 individuals have already used Grimes’ Elf.tech AI platform to make their vocals sound like those of the Canadian singer-songwriter, accor... Read More...

Duetti Closes $32 Million Round With Support from Roc Nation, Says It’s ‘Uniquely Positioned to Disrupt the Music Financing Market’

Dylan Smith

May 3, 2023

Photo Credit: Roc Nation About four months after reportedly raising $7 million, indie-focused music acquisition company Duetti has formally announced a $32 million round that drew participation from Roc Natio... Read More...

Hybe Stock Jumps As BTS Agency Reports Q1 Revenue and WeVerse Growth Amid Global Buildout

Dylan Smith

May 2, 2023

Hybe stock jumped today after acts including NewJeans (pictured) contributed to a Q1 2023 album-revenue improvement. Photo Credit: SBS Radio Despite the split of K-pop sensation BTS, Hybe (KRX: 352820) genera... Read More...

Centaurify and Universal Music Group Expand NFT Partnership With Eurovision 2023 Digital Collectibles

Dylan Smith

May 2, 2023

Eurovision 2023 contestant Alessandra performing live. Photo Credit: MandyPettersen Notwithstanding the well-documented non-fungible token (NFT) sales falloff and the adjacent “crypto winter,” Universal Music... Read More...

Sound Ventures Announces ‘Oversubscribed’ $240 Million AI Fund, Reveals OpenAI, Anthropic, and StabilityAI Investments

Dylan Smith

May 2, 2023

Sound Ventures has announced the close of a nearly $240 million AI fund as well as investments in startups including ChatGPT developer OpenAI. Photo Credit: Andrew Neel Beverly Hills-headquartered VC Sound Ve... Read More...

Beatles AI Tracks Are Surfacing With Lennon & McCartney Realism — Is Any Artist Safe?

Dylan Smith

May 1, 2023

Paul McCartney performing in the Netherlands in 2009. Photo Credit: Eddie Janssens With the well-documented explosion of artificial intelligence music continuing to evolve, a number of AI tracks made to sound... Read More...

Grimes AI Project Officially Launches in Beta — Complete With Voice-Transformation Tools, Distribution, and More

Dylan Smith

May 1, 2023

The Grimes AI project has released in beta, enabling users to make vocals sound as though they've been recorded by the Canadian artist. Photo Credit: Jordan Uhl As a growing number of artificial intelligence ... Read More...

SiriusXM Reports Q1 2023 Revenue Dip as Self-Pay Subscribers and ARPU Fall

Dylan Smith

April 28, 2023

Photo Credit: SiriusXM SiriusXM (NASDAQ: SIRI) suffered advertising and subscriber revenue declines during Q1 2023 but achieved $233 million in net income for the quarter, according to a new earnings report. ... Read More...

Sony Music Entertainment Annual Revenue Cracks $8.5 Billion As Recorded Music Delivers 32% Income Hike

Dylan Smith

April 28, 2023

A breakdown of Sony Music Entertainment streaming revenue by quarter. Photo Credit: Sony Group Corporation Sony Group Corp. generated ¥1.36 trillion ($10.02 billion at the present exchange rate) from its musi... Read More...

POSH Announces $5 Million Seed Round, Promises ‘To Revolutionize the Events Space’

Dylan Smith

April 28, 2023

Event management platform POSH has announced a $5 million seed raise and touched upon plans to continue building out its offering. Photo Credit: Aleksandr Popov New York City-headquartered event management pl... Read More...

Author Dylan Smith