In 1926, the year before The Jazz Singer popularized pre-recorded sound to cinema, theater pits employed 22,000 musicians in the United States; by 1934, there were only 4,100. Fewer musicians’ salaries meant lower ticket prices and more daily showings, and attendance almost doubled. New York City’s Local 802 organized picket lines outside theaters... See more
Although late to the party, this year Universal, through Virgin Music Group, acquired Downtown Music Holdings for $775 million in cash in December 2024. Downtown Music Holdings includes a number of companies, most notably CD Baby, Fuga, AdRev, SongTrust, and Downtown. Through these companies, Universal now owns independent music recordings,... See more
For most of recorded history, there were two ways of making a living as a musician. You could work for a patron—the court, the church, an individual aristocrat—or you could sing for your supper, sometimes literally, as an itinerant minstrel. Then, by the turn of the twentieth century, a third option opened, that of recording artist, in which little... See more
And the hyper-efficient assembly-line techniques that characterised ‘megalithic’ Hollywood filmmaking from the 1910s onward began to corrode as early as 1948, when an antitrust lawsuit successfully forbade the major studios from owning their own cinemas and crowding them with their own relatively low-cost films.
“Attribution shouldn’t start when the song is done — it should start when the model starts learning,” says Sean Power, the company’s cofounder. “We’re trying to quantify creative influence, not just catch copies.”
And in the court’s strenuous efforts to walk that fine line between the iPod and the RIAA, it shamelessly made up an entire copyright law doctrine without batting an eye, a theory of liability that hadn’t existed up until that point in time.
Even the regulatory arena, where Altman publicly champions AI oversight, bears the fingerprints of double-dealing. While testifying in favor of federal regulation, OpenAI lobbied behind the scenes to weaken the EU AI Act and is now advocating for federal preemption of state AI safety laws in the US. Altman has called the very regulatory structure... See more
There is also a slightly subtler impact, noted by labels that we interviewed, on new artists, whereby their growth trajectory has been impacted due to the chilling effect on their ability to monetise the earliest stage of their career, and their access to support and services from platforms. Applying arbitrary thresholds to artists who are just... See more