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: #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"


Canada Calls for AI Input With Copyright Needs Still Unmet

Ottawa is working through an AI inquiry while Canada's publishing industry is 'still waiting for ministers to honor their commitment.' The post Canada Calls for AI Input With Copyright Needs Still Unmet appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-01-16 13:58:06 UTC ]
More news stories like this | All news stories tagged with: #publishing industry


Animators say ‘AI isn't going to get you an Oscar’

Comic book writers and animators fear the growing impact of artificial intelligence. Continue reading at BBC World

[ BBC World | 2024-01-11 00:15:56 UTC ]
More news stories like this | All news stories tagged with: #comic book #artificial intelligence


AAP StatShot: US Industry Was Up 1.8 Percent in October

The AAP StatShot report for October shows US book publishing revenues at US$10.6 billion in the first 10 months of 2023. The post AAP StatShot: US Industry Was Up 1.8 Percent in October appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-01-09 20:42:57 UTC ]
More news stories like this | All news stories tagged with: #book publishing #aap statshot #october appeared


Publishing Industry Sales Rose 1.8% in October

Results were buoyed by strong sales in higher education course materials, which were up 17.9%, and at religious presses, which saw a 12.2% bump, in conjunction with a 1.5% increase in sales of adult books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-09 05:00:00 UTC ]
More news stories like this | All news stories tagged with: #adult books #5% increase #religious presses #higher education #strong sales


AI: Copyright Challenges Now Include a New York Times Lawsuit

The newly launched lawsuit of OpenAI and Microsoft by The New York Times parallels legal actions from the book publishing industry. The post AI: Copyright Challenges Now Include a New York Times Lawsuit appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-01-04 19:59:05 UTC ]
More news stories like this | All news stories tagged with: #book publishing #post ai


‘Where does the bot end and human begin?’: what the legendary @Horse_ebooks can teach us about AI

By reusing and repurposing existing writing into viral fragments on Twitter, the account functioned like today’s chatbots. The Guardian spoke to Jacob Bakkila, the human behind the accountMore than a decade before an AI-powered chatbot could do your homework, help you make dinner or pass the bar... Continue reading at The Guardian

[ The Guardian | 2024-01-03 15:00:04 UTC ]
More news stories like this | All news stories tagged with: #ebooks


Beware the ‘botshit’: why generative AI is such a real and imminent threat to the way we live | André Spicer

Unless checks are put in place, citizens and voters may soon face AI-generated content that bears no relation to realityAndré Spicer is professor of organisational behaviour at the Bayes Business School at City, University of LondonDuring 2023, the shape of politics to come appeared in a video.... Continue reading at The Guardian

[ The Guardian | 2024-01-03 12:00:01 UTC ]
More news stories like this | All news stories tagged with: #book business #ron desantis #generative ai #hillary clinton


For all the hype in 2023, we still don’t know what AI’s long-term impact will be | John Naughton

As with the printing press and the dotcom boom, initial frenzy and speculation obscures the lasting legacy of new technologies“Innovation,” wrote the economist William Janeway in his seminal book Doing Capitalism in the Innovation Economy, “begins with discovery and culminates in speculation.”... Continue reading at The Guardian

[ The Guardian | 2023-12-30 16:00:37 UTC ]
More news stories like this | All news stories tagged with: #printing press #awful lot #late 1990s #recent times


How one of the world’s oldest newspapers is using AI to reinvent journalism

Berrow’s Worcester Journal is one of several papers owned by the UK’s second biggest regional news publisher to hire ‘AI-assisted’ reporters On 7 October 1779 a letter appeared in Berrow’s Worcester Journal. “To the printer,” wrote a disgruntled reader. “I take the liberty of informing you and... Continue reading at The Guardian

[ The Guardian | 2023-12-28 14:03:33 UTC ]
More news stories like this | All news stories tagged with: #news publisher #artificial intelligence #anonymous tip #greatly exaggerated #oldest newspapers


Apple is reportedly looking to team up with news publishers to train its AI

Apple has been noticeably missing in the list of companies with their own generative AI product, but based on a new report by The New York Times, it's looking to change that real soon. In recent weeks, Apple has reportedly started negotiating with major publishers and news organizations to ask... Continue reading at Engadget

[ Engadget | 2023-12-23 07:43:48 UTC ]
More news stories like this | All news stories tagged with: #novelists #john grisham #rights holders #generative ais #legal issues #news articles


‘A bellwether for the industry’: why Warner-Paramount talk is no surprise

Investors seemed unimpressed but analysts say even talk of a merger reflects moves to consolidate in a tough market Barbie and Tom Cruise’s Top Gun are planning on getting hitched. Warner Bros Discovery, the Hollywood studio that brought us the Batman, Harry Potter and Barbie films, and... Continue reading at The Guardian

[ The Guardian | 2023-12-21 17:19:19 UTC ]
More news stories like this | All news stories tagged with: #harry potter #early stage #companies declined #potential deal #bob bakish #david zaslav #media company #paramount global #hollywood studio


Turning Kids into Readers Requires More than Access to Books

In her farewell as a PW columnist, Sari Feldman reflects on the importance of reading instruction, inspired by her new full-time gig: grandmother. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
More news stories like this |


How Publishers Can Navigate the AI Revolution

Despite the hype, publishing is still looking at what impact large language models and similar technology may bring. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
More news stories like this | All news stories tagged with: #ai revolution


Spotify is testing AI-generated playlists

Spotify is testing an AI-powered feature that creates playlists from text prompts. TikTok user @robdad_ posted a short clip of it, captioned, “I just randomly discovered Spotify’s ChatGPT?” For the chosen guinea pigs, the feature is available as an option under Your Library after tapping the... Continue reading at Engadget

[ Engadget | 2023-12-14 18:18:00 UTC ]
More news stories like this | All news stories tagged with: #audiobook #job cuts #latest chapter #tech industry


Copyright, AI, and Provenance

Generative AI stretches our current copyright law in unforeseen and uncomfortable ways. In the US, the Copyright Office has issued guidance stating that the output of image-generating AI isn’t copyrightable, unless human creativity has gone into the prompts that generated the output. This ruling... Continue reading at O'Reilly Radar

[ O'Reilly Radar | 2023-12-12 10:54:00 UTC ]
More news stories like this | All news stories tagged with: #copyright law #human creativity #copyright office


2023 in books: Protests, bannings and the rise of AI helped shape the story of publishing

The publishing world made plenty of news in 2023, but not only because of the books themselves Continue reading at ABC News

[ ABC News | 2023-12-08 14:55:07 UTC ]
More news stories like this | All news stories tagged with: #publishing world


The Generative AI Copyright Fight Is Just Getting Started

The Authors Guild and other artists’ groups say that it's unfair to train AI algorithms on their work without permission. Tech companies generally argue that it counts as “fair use.” Continue reading at Wired

[ Wired | 2023-12-07 12:00:00 UTC ]
More news stories like this | All news stories tagged with: #authors guild


CBC News analysis finds thousands of Canadian authors, books in controversial dataset used to train AI

A CBC News investigation has found at least 2,500 copyrighted books written by more than 1,200 Canadian and Québécois authors were shared online as part of a massive — and now defunct — dataset used to train artificial intelligence. Continue reading at CBC

[ CBC | 2023-12-07 09:00:49 UTC ]
More news stories like this | All news stories tagged with: #books written #train ai #canadian authors


AAP Calls Big Tech's AI Arguments 'Nonsense'

In comments submitted to the U.S. Copyright Office this week, the Association of American Publishers slammed assertions by the tech industry that fair use permits AI developers to use copyrighted works to train their systems without permission or compensation. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-06 05:00:00 UTC ]
More news stories like this | All news stories tagged with: #copyrighted works #tech industry #copyright office


Why AI, revenue diversification and ad spend are the defining 2024 trends for media companies

Will Barker, manager, strategic customer success, BlueConic The media and publishing industry is constantly evolving. With this, it’s often difficult to keep up with the latest trends, especially with fast-evolving technologies emerging all the time and ripple effects remaining from the global... Continue reading at Digiday

[ Digiday | 2023-12-05 15:08:37 UTC ]
More news stories like this | All news stories tagged with: #publishing industry #global pandemic #latest trends #constantly evolving #ad spend #revenue diversification #media companies