Twitch announces a program allowing DJs to split revenue with record labels [Verge, The]
Warner Music Group Corp. - Class A (WMG)
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Source: Verge, The
The streaming platform has signed deals with major and independent labels, who will receive a portion of livestream earnings. Share this story Livestreaming platform Twitch announced a new program aimed at DJs today that will allow creators to use copyrighted music in their streams by paying a fee. Twitch signed deals with major record labels like Universal Music Group, Warner Music Group, and Sony Music as well as “hundreds” of independent labels, the company says. CEO Dan Clancy hinted in April that the company was working on building an official system for DJs. In order to cover the cost of the rights, streamers will pay a percentage of their earnings from a stream to rights holders. The percentage, which Twitch hasn't shared publicly, will vary slightly depending on which monetization methods streamers use. They'll share that cost with Twitch in a 50 / 50 split, though Twitch says that, initially, it will cover “more of the cost.” Some DJs will have access to a one-year s
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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
- Record Labels Sue Two Startups for Training AI Models on Their Songs [BNN Bloomberg (Canada)]BNN Bloomberg
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