From Universal Music’s $3.83B quarter to Suno’s German court defeat… it’s MBW’s Weekly Round-up
This week’s music industry headlines focused on strong financial results for major companies and growing efforts to regulate generative AI’s role in music.
– Universal Music Group reported €3.294 billion ($3.83 billion) in second-quarter revenue, up 13.3% year on year at constant currency.
– A German court ruled that AI music company Suno infringed copyright in a case brought by collecting society GEMA.
– Major labels and leading independents proposed chart rules to distinguish human-led music from purely synthetic or unauthorised AI-generated tracks.
– Sony’s recorded music and publishing revenues reached an estimated $3.12 billion in calendar Q2, up 12.7% year on year.
– BTS declined to submit its album *Arirang* for Grammy consideration, removing it from this year’s awards race.
- UMG and Sony reported another strong quarter.
- Suno lost a significant German copyright case.
- Labels proposed AI music chart rules.