Nominations for music's biggest night are officially out. The 68th annual Grammy Awards will feature 95 categories, including two brand new ones, best traditional country album and best album cover. The show is set for February 1st in Los Angeles.And joining us now to help set the stage for you is NBC News entertainment correspondent Khloe Milas. Hi, Chloe. >> Hey.>> Nice to have some good news on a Friday. Let's talk about the big nominations. Yeah, >> I mean the Grammys are so much fun, right Kate.is just ...

Apple Music has been seen as second to Spotify for a long time, but as the music industry looks for growth outside the US and Europe, that could be shifting. https://t.co/o7rSpxDkQL ...

Core Viewpoint - Udio, an AI music company, reached an out-of-court settlement with Universal Music Group (UMG) over copyright infringement allegations, marking a significant shift from litigation to collaboration in the music industry [1][2][3] Group 1: Settlement Details - The lawsuit was initiated by the Recording Industry Association of America on behalf of UMG, Sony Music, and Warner Records, claiming Udio trained its AI on UMG's music catalog [2] - The settlement includes a strategic agreement to develop a new product that will be trained exclusively on UMG's catalog while respecting copyright [3] - The private nature of the settlement leaves uncertainty regarding how compensation for artists will be calculated [4] Group 2: Industry Implications - The agreement reflects the evolving dynamics of the music business, where major labels are increasingly engaging with AI technologies [4][6] - Similar settlements and partnerships are becoming common, as seen with Spotify's recent deal with UMG, Sony, and Warner to create responsible AI products [6] - These arrangements may allow music giants to financially benefit from non-infringing AI uses and receive a share from copyright payments [8] Group 3: Impact on Creators - The engagement of major rights-holders with generative AI products pressures smaller players to participate in the evolving landscape [9] - There is currently no clear model for how attribution and revenue will be distributed to creators whose works are used in AI training [10] - Emerging companies are developing "attribution tracing" technologies to potentially divide royalties based on AI-generated outputs, but this raises concerns about the economic power assigned to algorithms [11][12] Group 4: Broader Considerations - Individual artists lack clear protection against having their work used for AI training, leading to potential power imbalances in the industry [15] - A model trained on UMG's extensive catalog could revolutionize music creation, offering diverse styles and applications [16] - The traditional copyright framework may not adequately support the shared cultural value of music in the age of AI, prompting a need for new support mechanisms for original music [17]

Core Insights - Venu Holding Corporation has partnered with Billboard to present the inaugural 'Disruptor Award' to Khalid, a GRAMMY-nominated artist known for his genre fluidity and chart-topping hits [1] Company Overview - Venu Holding Corporation operates upscale live music venues and premium hospitality destinations, positioning itself as a key player in the entertainment and hospitality industry [1] Industry Context - The collaboration between Venu and Billboard highlights the intersection of live music and recognition of influential artists, emphasizing the importance of awards in promoting talent within the music industry [1]

Core Viewpoint - Wolfe Research upgraded Sony (SONY) to Outperform from Peer Perform with a price target of 5,300 yen, citing a "triple threat" in games, anime, and music as key growth drivers [1] Group 1: Company Analysis - The video games and music segments of Sony are positioned strongly in expanding markets, indicating robust growth potential [1] - Wolfe Research anticipates a re-rating of Sony's stock to higher levels from its current valuation [1] Group 2: Market Position - The analyst highlights that Sony's diverse portfolio across games, anime, and music provides a competitive advantage in the market [1]

A morte que visita um paciente de hospital nos seus últimos minutos miseráveis. Cinco segmentos de mistério teorizado para ser sobre enfrentar os seus próprios problemas interiores com referências à cultura persa. Um hino atemporal de protesto contra a cultura americana. Um homem que levanta barreiras para se esconder de seu passado para evitar toda a dor triste que ele já sofreu. Esse é o Eduardo. >> Essa é Laí. >> E nós somos muito fãs de rock. Vocês podem pensar que tudo que eu disse aqui não faz o menor ...

Well, from viral streaming to Halloween domination, K-pop Demon Hunters is slaying. The animated Netflix hit is smashing records, racking up hundreds of millions of streams, and setting new trends. Our Ununice Yun is in Seoul exploring how this runaway success is rewriting the playbook for South Korea's music and entertainment industry.>> Crowds of people waiting for hours to be a part of the K-pop demon hunters craze. Netflix collaborated with a local theme park here in South Korea to create this zone feat ...

Core Insights - The "KPop Demon Hunters" film has become a significant cultural phenomenon, driving interest in K-pop and contributing to the $10 billion K-pop music industry [2][3] - Netflix reported that "KPop Demon Hunters" is the most popular film on its platform, surpassing 325 million views by October [2] - The collaboration between Netflix and Everland amusement park has created a themed zone to enhance the film's popularity and engage fans [1] Industry Impact - The success of "KPop Demon Hunters" is boosting the K-pop industry, which has evolved from a regional to a global phenomenon, with artists like PSY and BTS achieving remarkable streaming numbers [3][4] - The film's popularity has led to limited theatrical screenings and merchandise deals with major toy companies like Hasbro and Mattel, indicating a strategic move to capitalize on its success [3] - K-pop acts have consistently broken records, with BTS' "Dynamite" exceeding 2 billion streams and BLACKPINK's 2023 tour being the highest-grossing by a female group [4]

Financial Data and Key Metrics Changes - Revenue for Q2 2026 was $45.4 million, representing a 7% year-over-year improvement on an organic basis and a 12% increase including acquisitions [16] - Net income for the quarter was approximately $2.2 million, compared to $152,000 in the prior year [18] - Diluted earnings per share for the quarter was $0.03, compared to $0.00 per share in the prior year [18] Business Line Data and Key Metrics Changes - Music Publishing revenue increased by 8% to $30.9 million, driven by a 47% increase in performance revenue and growth in mechanical and digital revenue [18] - Recorded Music segment revenue grew by 21% to $13 million, primarily due to a 20% increase in digital revenue and synchronization revenue growth [19] Market Data and Key Metrics Changes - The company experienced a 12% growth in total revenue, with 7% from organic growth and 5% from acquisitions [6] - The company noted strong demand for its assets, particularly in emerging markets, contributing to increased engagement and listenership [7] Company Strategy and Development Direction - The company is focused on leveraging a diverse catalog and scaling through catalog development, strategic signings, and global diversification [6] - The acquisition of Miles Davis' catalog is expected to enhance long-term value and create unique value enhancement opportunities [22] - The company aims to expand its geographic footprint, recently entering the MENA region with new catalog deals [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year financial goals, supported by a robust deal pipeline exceeding $1 billion [22] - The company anticipates continued growth driven by strategic acquisitions and effective cash flow management [21] Other Important Information - The company reported total available liquidity of $152.1 million, consisting of cash on hand and revolver availability [20] - Total debt at the end of the quarter was $421.8 million, with net debt of $393.9 million [20] Q&A Session Summary Question: What is driving the strong organic growth of 7% year-over-year? - Management indicated that the 7% organic growth aligns with industry expectations and is influenced by both new asset value maximization and existing catalog performance [28][29] Question: Was the Miles Davis acquisition part of the existing pipeline? - Management confirmed that the Miles Davis acquisition was included in the pipeline and involved a formal process that began in November 2023 [30] Question: Will there be an increase in administrative expenses due to the Miles Davis catalog? - Management stated that there would be no significant impact on administration expenses, as marketing resources would be reallocated internally [31] Question: When will the one-time events like the Monster Mash movie impact the P&L? - Management expects these one-time events to contribute to the P&L starting in calendar year 2026, with a 12 to 18-month window of activations [36] Question: How should G&A expenses be modeled going forward? - Management indicated that G&A expenses are largely driven by management business revenue and are expected to stabilize around the current run rate for the remainder of the year [37] Question: How does organic growth relate to digital subscription pricing? - Management noted that organic growth is influenced by a mix of industry growth factors, including subscriber growth, price increases, and internal initiatives [39]

Financial Data and Key Metrics Changes - Revenue for Q2 fiscal 2026 was $45.4 million, a 7% year-over-year improvement on an organic basis and a 12% increase including acquisitions [15][18] - Net income for the quarter was approximately $2.2 million compared to $152,000 in the same quarter of fiscal 2025, resulting in diluted earnings per share of $0.03 [16][17] - OIBDA increased by 10% year-over-year to $18.2 million, and adjusted EBITDA also rose by 10% to $19.4 million [16] Business Line Data and Key Metrics Changes - Music publishing revenue increased by 8% to $30.9 million, driven by a 47% increase in performance revenue and growth in mechanical and digital revenue [17] - Recorded music segment revenue grew by 21% to $13 million, primarily due to a 20% increase in digital revenue [18] Market Data and Key Metrics Changes - The company reported a total available liquidity of $152.1 million, consisting of $27.9 million in cash and $124.2 million available under its revolver [18] - Total debt at the end of the quarter was $421.8 million, with net debt of $393.9 million, an increase from $366.7 million as of March 31, 2025 [18] Company Strategy and Development Direction - The company is focused on leveraging a diverse, high-quality catalog and scaling through catalog development, strategic signings, and global diversification [5][6] - The acquisition of Miles Davis's catalog is expected to enhance long-term value and create unique value enhancement opportunities [21] - The company aims to expand its geographic footprint, recently announcing deals in the MENA region [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year financial goals, supported by a robust deal pipeline exceeding $1 billion [21][22] - The company anticipates continued growth driven by successful value enhancement efforts and sound capital deployment strategies [20] Other Important Information - The company announced the extension of its publishing deal for Nick Drake's catalog and a new deal with the Drake estate for Molly Drake's catalog [7] - The company is actively pursuing collaborations and marketing initiatives to celebrate the centennial of Miles Davis in 2026 [6][7] Q&A Session Summary Question: What is driving the strong organic growth of 7% year-over-year? - Management indicated that the 7% organic growth aligns with industry expectations and is influenced by both new asset maximization and existing catalog performance [24][25] Question: Was the Miles Davis acquisition part of the existing pipeline? - The acquisition was included in the pipeline, with discussions beginning in November 2023, indicating a formal process around the transaction [26] Question: Will there be an increase in administrative expenses due to the Miles Davis catalog acquisition? - Management clarified that while marketing resources would be reallocated, there would be no significant impact on administrative expenses [27] Question: When will the one-time events related to Miles Davis and "Monster Mash" contribute to the P&L? - These events are expected to begin contributing in calendar 2026, with a 12- to 18-month window of activations anticipated [31] Question: How should G&A expenses be modeled going forward? - Management suggested that the current run rate is expected to continue for the balance of the year, with minor fluctuations [32] Question: How is organic growth influenced by pricing and digital subscriptions? - Organic growth is a mix of industry growth factors, including subscriber growth, price increases, and the company's initiatives to enhance asset value [33]