Hipgnosis may swerve buyout avoiding recent fate of LA-based rival RHM September 11, 2023 Shares in Hipgnosis Songs Fund rose as much as 16.5 per cent on Friday after it emerged rival music royalty firm Round Hill Music (RHM) had received a cash offer for a multimillion dollar buyout. But analysts say this does not necessarily mean the same fate awaits Hipgnosis. After US company RHM failed to reverse [...]
TikTok: Lawyers hope new data centre can ease privacy fears September 8, 2023 Tiktok has opened a European data centre which lawyers say could quell international privacy fears currently plaguing the app. This week the Chinese video app opened a new data centre based in Dublin as part of an effort to calm European data privacy concerns around the app’s links to China. ‘Project Clover’, as it has [...]
Hipgnosis share price rockets after £376m Round Hill Music takeover September 8, 2023 Shares in Hipgnosis Songs Fund jumped as much as 16.5 per cent on Friday morning following the news that rival music royalty firm Round Hill Music (RHM) is set to be rescued by a multi million dollar buyout. Los Angeles based Alchemy Copyrights has offered to buy US company RHM for $469m (£376m), causing its [...]
Daily Mail said to be in cahoots with Qataris to splash over £500m on Telegraph group September 7, 2023 The Daily Mail is reportedly in talks with Qatari tycoons to table a bid for the Telegraph group, which could cost north of £500m. Daily Mail and General Trust (DMGT), owned by Lord Rothermere, is discussing additional equity to fund a bid for The Telegraph titles and The Spectator, which were put up for sale [...]
Brexit red tape ties up musicians touring EU and cuts into earnings September 7, 2023 Mountains of expensive Brexit-induced paperwork is costing eight in ten British musicians their hard-earned cash, a new report has found. Of 1,500 music artists and professionals touring Europe, one third reported post-Brexit paperwork is hurting their earnings, according to a new study by industry body UK Music, first shared with news site PoliticsHome. Eight in [...]
Spotify slams report of gangs using platform for money laundering as ‘work of fiction’ September 6, 2023 Spotify has hit back at an investigation by a Swedish newspaper that said the music streamer's platform was allegedly being used by gangs to launder their ill-gotten gains via fake streams.
STV expects to score with Rugby World Cup this year September 5, 2023 STV Group said it expects major sporting events including the Rugby World Cup to help claw back some of its falling advertising revenue. The Scottish broadcaster, which is exclusively streaming the Rugby World Cup live, is hoping this will help drive growth and offset weak advertising revenues, which fell 14 per cent in the first [...]
One Media shares soar 18 per cent after Gloria Gaynor and The Drifters amp up catalogue September 5, 2023 Shares in One Media IP rose as much as 18 per cent on Tuesday afternoon, after the digital music rights firm announced it has snapped up a new catalogue of iconic grooves. The AIM-listed content provider bought the licensor’s income share of the “Entertain Me” catalogue of rights which includes over 15,000 tracks from top [...]
Online gambling firm In Touch Games has licences to operate in Britain suspended September 2, 2023 Online gambling firm In Touch Games has had its licences to operate in Britain suspended by the industry regulator. The Gambling Commission suspended the firm’s operating licences as it carries out a review under section 116 of the Gambling Act 2005. It said it suspects the operator failed to follow licence conditions related to money [...]
UK creative industries under threat as AI won’t be subject to copyright rules August 30, 2023 The UK government is under mounting pressure to scrap plans that would grant artificial intelligence (AI) developers free access to use copyrighted artistic materials in training their AI algorithms. Last June, the government’s Intellectual Property Office (IPO) proposed a copyright exemption for the AI industry that would allow the unrestricted use of existing music, literature [...]