Concord Closes Third Securitisation Offering With $850m Deal

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Music Ally reports: “The latest big number in the world of catalogue acquisitions is $850m, but this isn’t a sum being paid to a storied songwriter or artist for their rights. It’s Concord’s third securitisation offering – turning some of its assets into investments to raise cash. In this case, the assets are music royalties from a pool of catalogues that includes over 1m songs – “including iconic works recorded by The Beatles, Carrie Underwood, Cheap Trick, Creed, Genesis, Kiss, Mike + The Mechanics, Otis Redding, Phil Collins, Plain White T’s, R.E.M., R.E.O. Speedwagon, and The Rolling Stones” according to Concord.”

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Starz, YouTube Renew TV Distribution Deal

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The Hollywood Reporter reports: “Starz and YouTube have renewed their distribution partnership with a new multiyear deal that promises more bundling opportunities. Starz is the U.S. cable and streaming brand behind the Outlander and Power franchises, as well as recently debuted Three Women and the thriller Sweetpea.”

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SAG-AFTRA Announces Agreement With AI Voice Company Ethovox

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Games Industry Biz reports: “SAG-AFTRA has signed a contract with AI voice company Ethovox to ensure that performers are protected and fairly compensated. The agreement will ensure that actors who participate in creating Ethovox’s foundational voice model consent to their voice being used, and are compensated from the outset. Actors will also receive ongoing payments for the life of the model.”

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Meta Is Reportedly Building Its Own AI-Powered Search Engine

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Coin Telegraph reports: “Tech giant Meta is reportedly looking at creating its own AI-powered search engine to reduce its reliance on existing search products, including Google and Microsoft’s Bing. The new search engine will create conversational AI-generated summaries of recent information and current events and deliver them to users through Meta’s AI chatbot, according to an Oct. 28 report from The Information, which cited an anonymous source familiar with the matter.”

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Universal Music Enters Into Strategic Partnership With AI Music Startup KLAY

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Music Business Worldwide reports: “Universal Music Group has announced its latest partnership with an AI company. That company is KLAY Vision Inc., and UMG is working with it on “a pioneering commercial ethical foundational model for AI generated music that works in collaboration with the music industry and its creators,” the companies said in a statement on Monday (October 28).”

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DeepMind And Hugging Face Release SynthID To Watermark LLM-Generated Text

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VentureBeat reports: “Google DeepMind and Hugging Face have just released SynthID Text, a tool for marking and detecting text generated by large language models (LLMs). SynthID Text encodes a watermark into AI-generated text in a way that helps determine if a specific LLM produced it. More importantly, it does so without modifying how the underlying LLM works or reducing the quality of the generated text.”

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Netflix Lets Users Share TV Show, Movie Clips To Social Media

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The Wrap reports: “Netflix is making it easier for its users to bookmark, save and share their favorite scenes from the service’s TV shows and movies with the launch of its new “Moments” feature. “Moments,” which is live on iOS devices and will expand to Android devices in the coming weeks, allows you to save your favorite scenes to their MyNetflix tab with the tap of a button at the bottom of your screen.”

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Samsung Reveals Its Reach: Free Streaming TV Service Is As Big As The Major Players

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The Hollywood Reporter reports: “Samsung wants to send a message to Hollywood: It is officially a major player in streaming video. The South Korean tech giant is for the first time releasing user data on its free ad-supported streaming service Samsung TV Plus, disclosing that the FAST service now has 88 million monthly active users (MAUs), and is the number one app on Samsung TVs in the U.S.”

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Meet Loops: A New Short-Form Video App To Rival TikTok

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NewsBytes reports: “Loops, a new short-form looping video app, is poised to take on TikTok’s dominance in the digital space. The app comes from the same developer – Daniel Supernault – who created Pixelfed – an Instagram alternative. Sign-ups for Loops started earlier this week, letting users post videos as long as 60 seconds.”

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Apple Intelligence Is Out Today

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The Verge reports: “Apple’s AI features are finally starting to appear. Apple Intelligence is launching today on the iPhone, iPad, and Mac, offering features like generative AI-powered writing tools, notification summaries, and a cleanup tool to take distractions out of photos. It’s Apple’s first official step into the AI era, but it’ll be far from its last.”

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