Setlist Complete Music Update (CMU)
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- Music
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SETLIST is the music business podcast from CMU
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US politicians want TikTok to sell up or be banned
On this week's show we discuss proposals voted through the US House of Representatives this week to force TikTok owner ByteDance to sell the video-sharing app or face a ban in country, and the UK Labour Party's pledge to introduce a cap on ticket resale prices if it wins the next election.
SECTION TIMES
01: TikTok ban (00:03:20)
02: News in brief (00:14:21)
03: Ticket resale (00:17:00)
(Timings may be slightly different due to adverts)
THIS WEEK'S MAIN STORIES
• Selling TikTok would be last resort for ByteDance, sources say as House votes through sell-or-be-banned law
• TikTok insists it isn't forcing Americans to phone politicians as ban proposal gets fast-tracked in Congress
• Labour commits to UK ticket touting price cap, as Ed Sheeran's team welcomes guilty verdict in ticket tout court case
NEWS IN BRIEF
• EU AI Act “world-first” say music trade bodies as European Parliament votes it into law
• Texas governor tells SXSW boycotters “don’t come back”
• Joe Rogan is back on Apple and Amazon - so Neil Young is back on Spotify
• Bad Bunny sues fan over unofficial concert recordings on YouTube
• Glastonbury announces headliners, as UK festival cancellations pass 20
ALSO MENTIONED
• Believe x WMG takeover dance warms up as financial regulator is called in -
Apple blames Spotify for €1.8 billion fine
On this week's show we discuss the €1.8 billion fine Apple has been ordered to pay by the EU following an investigation into claims of anti-competitive behaviour made by Spotify, and Live Nation's explanation of why everyone else in the music industry is to blame for rising ticket prices.
SECTION TIMES
01: Apple v Spotify (00:06:26)
02: News in brief (00:20:48)
03: Live Nation (00:25:33)
(Timings may be slightly different due to adverts)
THIS WEEK'S MAIN STORIES
• EU fines €1.8 billion at end of Spotify initiated competition law investigation
• Apple hits out at EU competition ruling that “ignores the realities of a market”
• Live Nation says rising ticket prices definitely not its fault
NEWS IN BRIEF
• WMG is toying with an offer for Believe that would wipe out Warner’s cash reserves - but is it serious, would Believe shareholders sell and can WMG afford to bet the farm?
• Hipgnosis Songs Fund takes a haircut - and might have bigger problems to come
• New US-wide TikTok ban proposed in Congress
• Mean Millennials scrap streaming subscriptions, mail order music is booming - and Apple Music might be making £500 million or more in the UK
• Raye wins record-breaking six BRIT Awards
ALSO MENTIONED
• Tidal phases out HiFi Plus tier, makes higher quality audio part of its standard subscription product
• The Truth About Ticket Pries (Live Nation) -
UK music revenues are back to their CD peak (sort of)
On this week's show we discuss the news that UK music retail revenues are back to where they were at the peak of the CD era in 2001. So long as you imagine that no time has passed in between. Plus, the brewing legal battle of Kanye West’s “shameless” interpolation of a Donna Summer track.
SECTION TIMES
01: UK music revenues (00:06:47)
02: News in brief (00:15:20)
03: Kanye West (00:20:38)
(Timings may be slightly different due to adverts)
THIS WEEK'S MAIN STORIES
• UK music retail revenues reach record high, according to ERA stats
• Donna Summer estate sues Kanye West over “shameless” uncleared sample
NEWS IN BRIEF
• €111 million in TikTok revenue is nothing when you’re Lucian Grainge - but, he says, “my phone is always open” if Shou Zi Chew wants to be friends again
• Warner boss teases superfan app that will be "a cross-platform solution"
• Spotify vs Apple name-calling kicks off again after EU mega-fine rumours
• UK Music again calls for VAT cut on tickets ahead of budget statement
• And Finally! Ed Sheeran has let British music down, and now everyone only likes K-pop
• Miley Cyrus tops IFPI singles list
• Seventeen top IFPI albums list
ALSO MENTIONED
• Trademark dispute over Earth, Wind & Fire tribute shows back in court -
The music business in 2024
In this special edition of Setlist, Andy Malt and Chris Cooke dive into topics covered in CMU's latest series of masterclasses, which look at the music business in 2024. We talk through key trends in streaming, copyright, AI and more.
SECTION TIMES
01: The music business in 2024 (00:04:58)
02: Music streaming in 2024 (00:12:51)
03: News in brief (00:19:55)
04: Music copyright in 2024 (00:22:51)
05: Music and AI in 2024 (00:33:01)
(Timings may be slightly different due to adverts)
CMU'S 2024 MASTERCLASS SESSIONS
Get an expert overview of the topics that will define the music business in 2024, including copyright, streaming and AI, as well as economics of streaming developments.
The four sessions discussed on this edition of Setlist are available to watch on demand, with four more still to come.
Find out more and book all eight sessions for just £299 including VAT here
NEWS IN BRIEF
• Apple faces €500 million fine after Spotify-prompted EU competition investigation
• EU to investigate TikTok over online safety concerns
• Universal splurges almost quarter of a billion dollars to buy KKR out of Chord Music
• Music industry’s billion dollar damages win in Cox case overturned
• Sam Mendes’ Beatles biopics -
When arts funding and politics collide
On this week's show we discuss questions and potential legal action over the politicisation of arts funding, as Kneecap are denied money by the British government and Arts Council England issues new guidance for anyone thinking of being controversial, plus the legal battle over royalties currently brewing between MLC and Pandora, and more.
SECTION TIMES
01: Arts funding (00:04:23)
02: News in brief (00:14:54)
03: MLC v Pandora (00:16:46)
(Timings may be slightly different due to adverts)
THIS WEEK'S MAIN STORIES
• UK Business Secretary Kemi Badenoch’s decision to block MEGS funding for Kneecap “unlawful” says band as it prepares legal action
• Arts Council says free speech and controversy is fine, but please follow a detailed risk assessment first
• MLC sues Pandora over unpaid royalties
NEWS IN BRIEF
• Tributes pour in as BBC radio presenter Steve Wright dies
• Musicians' Union reluctantly reaches deal with English National Opera over orchestra cutbacks
• NTIA says nightlife faces cultural crisis after 400 club closures since 2020
• As another grassroots venue closes, MVT renews calls for a ticket levy
ALSO MENTIONED
• Music industry welcomes German ruling holding TikTok liable for unlicensed content -
AI developments cause celebration and concern
On this week's show we discuss new developments on AI in the EU and UK that have given the music industry cause for both celebration and concern, and the commercial radio industry's anger as BBC Radio looks to give music fans more choice.
SECTION TIMES
01: AI regulation (00:05:24)
02: News in brief (00:15:52)
03: BBC Radio (00:19:11)
(Timings may be slightly different due to adverts)
THIS WEEK'S MAIN STORIES
• Music industry welcomes EU member states agreeing AI Act
• Planned UK code of practice on copyright and AI shelved
• Government needs to "urgently reconsider" approach to copyright and AI, says culture committee Chair
• Commercial radio sector calls on OfCom to block BBC's plans for four new radio stations
NEWS IN BRIEF
• Spotify CEO slams Apple in earnings calls and hints at more job cuts
• Warner Music’s Kyncl goes big on importance of major labels and data, says he is confident UMG TikTok dispute will be resolved
• Michelle Jubelirer stands down as Capitol CEO as Universal Music restructure goes into effect
• Indie labels say Apple's new payment model will take money from their artists to benefit the majors
• Megan Thee Stallion marks “beginning of a new chapter” with Warner deal
ALSO MENTIONED
• Music mogul Irving Azoff and Apple exec Eddy Cue build their ultimate golf course (Golf Digest)
• And Finally! Irving Azoff and Eddy Cue’s new golf course is open for business. And no, you can’t join
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