Major record labels sue AI companies for allegedly stealing copyrighted music [Los Angeles Times (CA)]
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: Los Angeles Times
Universal Music Group, Sony Music Entertainment, Warner Music Group and other music giants have filed copyright infringement lawsuits against Suno and Udio, the Recording Industry Assn. of America announced Monday. The complaints against the two tech companies allege that they lifted material from copyrighted songs spanning various artists, genres and time periods to train their generative AI models. “The music community has embraced AI and we are already partnering and collaborating with responsible developers to build sustainable AI tools centered on human creativity that put artists and songwriters in charge,” Mitch Glazier, chief executive of the RIAA, said Monday in a statement. “But we can only succeed if developers are willing to work together with us. Unlicensed services like Suno and Udio that claim it's ‘fair' to copy an artist's life's work and exploit it for their own profit without consent or pay set back the promise of genuinely innovative AI for us all.” The la
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News
- Record Labels Sue Two Startups for Training AI Models on Their Songs [Yahoo! Finance]Yahoo! Finance
- U.S. record labels are suing AI music generators, alleging copyright infringement [MSNBC.com]MSNBC.com
- Record labels sue AI music generators for ‘massive infringement of recorded music' [Yahoo! Finance Canada]Yahoo! Finance Canada
- Record Labels Sue Two Startups for Training AI Models on Their Songs [BNN Bloomberg (Canada)]BNN Bloomberg
- How Sport And Entertainment Apps Are Changing Fan Engagement [Forbes]Forbes
WMG
Earnings
- 5/9/24 - Beat
WMG
Sec Filings
- 5/13/24 - Form 8-K
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- WMG's page on the SEC website