Record Labels Sue Two Startups for Training AI Models on Their Songs [Yahoo! Finance]
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: Yahoo! Finance
intellectual property against technology that makes it easy for people to generate music based on existing songs. Most Read from Bloomberg Jain Global Raises $5.3 Billion, Secures Cash From Abu Dhabi How Long Can High Rates Last? Bond Markets Say Maybe Forever BuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones' Tech Hits Stocks as Nvidia Extends Selloff to 13%: Markets Wrap Nvidia Sales Grow So Fast That Wall Street Can't Keep Up 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
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WMG
News
- 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
- 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