Record Labels Sue Two Startups for Training AI Models on Their Songs [BNN Bloomberg (Canada)]
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: BNN Bloomberg
intellectual property against technology that makes it easy for people to generate music based on existing songs. The Recording Industry Association of America said it filed twin lawsuits Monday against Suno AI and Uncharted Labs Inc., the developer of Udio AI, on behalf of Universal Music Group NV, Warner Music Group Corp. and Sony Music Entertainment. The complaints allege the companies are unlawfully training their AI models on massive amounts of copyrighted sound recordings. The RIAA, a trade group for record labels, is seeking damages of as much as $150,000 “per work infringed.” That could amount to potentially billions of dollars. “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 officer of the RIAA, said in a statement. “But we can only succeed if developers are willing to wor
Show less
Read more
Impact Snapshot
Event Time:
WMG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WMG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WMG alerts
High impacting Warner Music Group Corp. - Class A news events
Weekly update
A roundup of the hottest topics
WMG
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
- Major record labels sue AI companies for allegedly stealing copyrighted music [Los Angeles Times (CA)]Los Angeles Times
- Record labels sue AI music generators for ‘massive infringement of recorded music' [Yahoo! Finance Canada]Yahoo! Finance Canada
- 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