From Deezer’s AI music strategy, to who HYBE might try to buy in Latin Music… it’s MBW’s Weekly Round-Up

Welcome to Global Music Businessour weekly roundup – where we make sure you’ve captured our five biggest headlines over the past seven days. MBW rounding is supported by Centtrip, helping more than 500 of the world’s best-selling artists maximize their income and reduce their touring expenses.

This week, the French music streaming service Deezer lays out a strategy to tackle fraudulent streaming and the rise of AI music on its platform.

Deezer says it’s building a toolkit to detect AI-generated content, and aims to develop an AI-generated music tagging system that starts with songs using the synthetic voice of existing artists.

Somewhere else, after Bloomberg reported last week that HYBE was raising about $380 million “to fund its acquisition in the US and expand its business beyond K-pop,” industry sources later suggested. reported to MBW that the final figure in HYBE’s increase could be even larger.

Many doubt that HYBE will specifically target M&A opportunities in Latin Music with the money, as the genre continues to boom. This week, MBW picked out 10 growing Latin music companies that may or may not be on HYBE’s mind..

Also this week, Firebird – co-founded by formerKKR Nat Zilkha partner and former Ticketmaster CEO Nathan Hubbard, with Raine Group as its lead investor – have revealed the names of several music companies and adjacent to the music in which they bought shares. part.

More, entertainment national anthem expanding a long-term partnership with Timbaland, and at the same time DistroKid faces a possible class action lawsuit over how it handles takedown requests.

Here’s what happened this week…

1) HYBE IS CONTRIBUTING SOME CAPITAL TO BUY LATIN MUSIC COMPANY. WHO CAN IT BE TARGET?

Last week, Bloomberg announced that HYBE is raising about $380 million “to fund the acquisition in the US and expand the business beyond K-pop.”

Industry sources later suggested to MBW that the final figure in HYBE’s pay rise could be even larger.

“I know they have $1 billion committed for this raise,” said a reputable source with knowledge of the HYBE process. “It could be there, or go higher.”

What will HYBE spend – or at least try to spend – this money on acquisition?

2) FIREBIRD CONFIRMED INVESTMENT IN MICK MANAGEMENT, LEX BORRERO’S NTERTAIN, DEFECTED, MORE

Firebird Music Holdings has appeared a few times on MBW headlines over the past year.

In September of last year, we exclusively revealed that the US company had acquired a minority stake in Coran Capshaw’s Red Light Management.

Two months later, we discovered that Firebird had purchased a substantial stake in UK-based Transgressive Records.

On Tuesday (June 6), Firebird — co-founded by former KKR Partner Nat Zilkha and former Ticketmaster CEO Nathan Hubbard, with Raine Group as its lead investor — revealed its name. of several other music and adjacent music companies in which it has acquired shares…”

3) ANTHEM INVESTED IN TIMBALAND’S MUSIC MARKET BEATCLUB, GET SUPPLEMENTARY SUPPLY RATE IN OUR CATEGORY

Canada-based Anthem Entertainment is expanding its long-term partnership with music producer and songwriter Timbaland.

First, as part of the announcement, the company invested in Beatclub, the beat marketplace founded by Timbaland and Gary Marella.

The financial terms of the investment, part of Beatclub’s A-2 funding round, were not disclosed…

4) WHEN AI-REMOVED MUSIC EXPLOs, DEEZER MAKES A STRATEGY TO IDENTIFY THE AI SHOOTS AND ‘REMOVED ILLEGAL AND SCAM CONTENT’ ON IT’S BAS

Deezer says it is building a toolkit to detect AI-generated content on its platform, and aims to develop an AI-generated music tagging system that starts with songs that use vocals. synthesis of existing artists.

The tokens will be used to inform artists, brands and users of what is “real” or AI–created on the platform.

Deezer stated that their plan will reduce fraudulent activity and that they also plan to “develop a remuneration model that differentiates between different types of musical creation…”

5) DISTROKID QUESTIONS ABSOLUTELY POTENTIAL OF THE POTENTIAL COLLECTION ABOUT HOW IT HANDLING REQUESTS TO DELETE

A US indie label is seeking to initiate a class action lawsuit against music distributor DistroKid.

The complaint argues that DistroKid’s policies make it impossible for independent labels and artists to defend themselves against copyright infringement allegations that have resulted in their music being taken down from platforms.

In a complaint filed Wednesday (June 7) in the United States District Court for the Southern District of New York, independent record label Doeman Music Group Media argued that DistroKid had breached its obligations. its fiduciary duty to the firm by failing to provide information that could help it fight a lawsuit. copyright infringement claims.

Along with DistroKid, it designates indie hip-hop artist Raquella George (aka Rocky Snyda) as the defendant. Complaint seeks class action status for lawsuit…

MBW’s weekly summaries are powered by Centtrip, helping over 500 of the world’s best-selling artists maximize their earnings and reduce their touring expenses.Global Music Business