AI startup Boomy looks to turn the music industry on its ear

Music publishers have been on a spending spree in recent years, buying the catalogs and copyrights for songs of famous musicians at a frantic pace. Last December, Universal Music Publishing Group bought up Bob Dylan’s entire discography in a deal estimated at more than $300 million. Similarly, Stevie Nicks sold an 80 percent share of her works to Primary Wave Music for an estimated $100 million that same month. But as all this money changes hands for the industry’s biggest stars, one songwriting startup has plans to open the firehose of music royalties to the everyman.“You see these huge deals, like the Bob Dylan deal with the publishing rights and all this money,” Alex Mitchell, co-founder and CEO of Boomy told Engadget. “It started with a recognition that most people are going to be left out of that and it caused us to have a conversation about equity in the music industry, 'how do we fairly remunerate artists, what's the role of labels,' there's just chaos happening in the music industry right now.”Mitchell realized that one major obstacle keeping amateur musicians from becoming published musicians was a technological one. Setting up a home recording studio is no small task, and teaching oneself how to navigate the hyper-granular control schemes of professional-grade DAWs (digital audio workstations) like Ableton Live or Pro Tools can take months, if not years, to fully master. But what if you had an AI-based co-writer to handle the heavy technical lifting instead,... Continue reading at 'Engadget'

[ Engadget | 2021-08-22 16:00:37 UTC ]
News tagged with: #michael jackson #user base #moving forward #top line #youtube videos #copyright law

Other news stories related to: "AI startup Boomy looks to turn the music industry on its ear"


AI startup Boomy looks to turn the music industry on its ear

Music publishers have been on a spending spree in recent years, buying the catalogs and copyrights for songs of famous musicians at a frantic pace. Last December, Universal Music Publishing Group bought up Bob Dylan’s entire discography in a deal estimated at more than $300 million. Similarly,... Continue reading at Engadget

[ Engadget | 2021-08-22 16:00:37 UTC ]
More news stories like this | News stories tagged with: #copyright law #youtube videos #top line #moving forward #user base #michael jackson


Record labels sue AI music generators for ‘massive infringement of recorded music’

Major music labels are taking on AI startups that they believe trained on their songs without paying. Universal Music Group, Warner Music Group and Sony Music Group sued the music generators Suno and Udio for allegedly infringing on copyrighted works on a “massive scale.” The Recording Industry... Continue reading at Engadget

[ Engadget | 2024-06-24 17:29:16 UTC ]
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AI Detection Startups Say Amazon Could Flag AI Books. It Doesn't

Amazon has taken some steps to stem the tide of books written with artificial intelligence, but another solution may already exist. Continue reading at Wired

[ Wired | 2023-09-28 11:00:00 UTC ]
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Lionsgate signs a deal with the devil (an AI startup)

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[ Engadget | 2024-09-18 15:10:46 UTC ]
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This startup wants to be the iTunes of AI content licensing

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[ Engadget | 2024-08-23 16:29:42 UTC ]
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AI startup Anthropic gets sued on allegations of ‘large-scale theft’

Book authors Andrea Bartz, Charles Graeber, and Kirk Wallace Johnson are accusing Anthropic of copyright infringement. A group of authors is suing artificial intelligence startup Anthropic, alleging it committed “large-scale theft” in training its popular chatbot Claude on pirated copies of... Continue reading at Fast Company

[ Fast Company | 2024-08-20 12:37:17 UTC ]
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AI startup argues scraping every song on the internet is 'fair use'

When most tech companies are challenged with a lawsuit, the expected defense is to deny wrongdoing. To give a reasonable explanation of why the business' actions were not breaking any laws. Music AI startups Udio and Suno have gone for a different approach: admit to doing exactly what you were... Continue reading at Engadget

[ Engadget | 2024-08-01 23:31:32 UTC ]
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Colin Kaepernick is launching an AI startup to empower manga creators

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[ Fast Company | 2024-07-24 16:00:00 UTC ]
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‘Songwriters deserve a bigger piece of the pie’: the music publishing boss on the threat of AI

Shani Gonzales of Warner Chappell says that although people are ‘having fun’ with creating AI songs, ‘what happens when someone tries to sell it?’Arriving in London in the teeth of the pandemic to take a top music industry job, Shani Gonzales had few opportunities to immerse herself in British... Continue reading at The Guardian

[ The Guardian | 2024-06-25 13:00:26 UTC ]
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From ancient Jewish texts to AI, a sequence of figures turns matter into meaning

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[ Fast Company | 2023-10-17 06:00:00 UTC ]
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The Morning After: Industry leaders say AI presents 'risk of extinction' on par with nuclear war

With the rise of AI language models and tools like ChatGPT and Bard, we've heard warnings from people involved, like Elon Musk, about the risks posed by AI. Now, a group of high-profile industry leaders has issued a one-sentence statement: “Mitigating the risk of extinction from AI should be a... Continue reading at Engadget

[ Engadget | 2023-05-31 11:15:45 UTC ]
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How the gun industry’s ‘quick and fearful’ reaction to Columbine foreshadowed its turn to extremism

In this excerpt from ‘Gunflight,’ Ryan Busse, a former firearms exec turned gun-safety activist, explores the industry’s response to America’s first high-profile school shooting, and the shift to today’s radicalized gun landscape. Ryan Busse is a former firearms executive who spent 25 years at... Continue reading at Fast Company

[ Fast Company | 2023-04-26 05:00:00 UTC ]
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Music industry avoids legal battle with new streaming royalty deal

Music publishers, songwriters and musicians have struck a deal with streaming services for US mechanical streaming rates for 2023-2027, the National Music Publishers’ Association (NMPA) has announced. The NMPA, Nashville Songwriters Association International (NSAI) and Digital Media Association... Continue reading at Engadget

[ Engadget | 2022-09-01 12:34:02 UTC ]
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How the Book Industry Turns Its Own Racism into a Marketable Product

The failure of progressive change in contemporary book publishing is so total that there is now a whole string of books about the failure of progressive change in contemporary book publishing, often backed enthusiastically by big corporate publishers, in an elaborate circuit of denial and... Continue reading at Literrary Hub

[ Literrary Hub | 2022-04-20 08:55:05 UTC ]
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Bookstat: music to Moyes' ears as Jojo soars

Jojo Moyes’ Night Music (Hodder & Stoughton) has orchestrated a rise into the Bookstat e-book number one spot, for the week ending 27th February. Continue reading at The Bookseller

[ The Bookseller | 2021-03-05 00:55:29 UTC ]
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Netflix is turning Lupita Nyong’o’s children’s book into an animated musical.

Some welcome news for those of you with little ones running and/or crawling around your ankles right now: Oscar-winner Lupita Nyong’o’s bestselling 2019 children’s book Sulwe is getting a small screen musical adaptation. Netflix announced earlier today that Sulwe will join a roster of upcoming... Continue reading at Literrary Hub

[ Literrary Hub | 2021-02-18 18:28:11 UTC ]
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Doctor Who's sonic pioneers to turn internet into giant musical instrument

The BBC Radiophonic Workshop made the famous science fiction theme tune and worked with the Beatles. Now it is preparing to make historyThe Radiophonic Workshop has always broken new sonic ground, from the Doctor Who theme to the Hitchhiker’s Guide to the Galaxy. Now they’re at it again – this... Continue reading at The Guardian

[ The Guardian | 2020-11-15 10:00:31 UTC ]
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Rolling Stone Tunes Into Music Industry Pros With Latest Product Launch

Since being acquired by PMC Media in 2018, Rolling Stone has undergone a series of changes to transform its business. It invested in writing talent, and hired a new publisher to lead the business-side of the brand. The print magazine reduced frequency from biweekly to monthly, and increased the... Continue reading at Folio Magazine

[ Folio Magazine | 2020-01-28 17:09:10 UTC ]
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Virago to shed light on everyday sexism in the music industry

Virago has acquired pop culture critic and author Amy Raphael’s book, A Seat at the Table, seeking to address gender imbalance at all levels of the music industry. Continue reading at The Bookseller

[ The Bookseller | 2018-12-08 00:00:00 UTC ]
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Harpist's debut music to Transworld's ears

Transworld has pre-empted an “uplifting, heart-warming and accessible” reading group novel by debut author and musician Hazel Prior, born out of a passion for harps. Touching on love, friendship, kindness and generosity, according to Transworld Ellie and the Harp-maker will appeal to readers of... Continue reading at The Bookseller

[ The Bookseller | 2018-09-10 00:00:00 UTC ]
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