All articles tagged with #licensing agreement
NVIDIA announced a non-exclusive licensing deal with AI chip startup Groq, which includes bringing key Groq personnel to NVIDIA to integrate their low-latency inference technology, viewed by analysts as a strategic 'tech and talent grab' rather than a traditional acquisition, aimed at strengthening NVIDIA's position in AI inference technology amid rising competition.
Nvidia has entered into a $20 billion non-exclusive licensing agreement with Groq, a high-performance AI chip designer, allowing Nvidia to license Groq’s inference technology and incorporate key Groq personnel, while Groq continues to operate independently. This move suggests Nvidia's strategic focus on expanding AI inference capabilities beyond traditional GPUs, with industry analysts viewing it as a potentially significant, though non-traditional, partnership.
The IOC and SEGA have announced a multi-year licensing deal featuring Sonic the Hedgehog, with a first look at artwork combining Sonic and Olympic symbols, and plans for merchandise releases in 2026, emphasizing the values of sport and play.
Kobalt has signed a groundbreaking licensing deal with ElevenLabs' AI music platform, Eleven Music, establishing a 50/50 revenue split between publishing and recorded music, with a Most Favored Nation clause to ensure equal terms for future negotiations. This deal aims to create fairer licensing terms for generative AI music, potentially reshaping industry standards and negotiations.
Taylor Swift's discography has returned to TikTok just ahead of the release of her new album, The Tortured Poets Department, after being pulled in February due to a licensing agreement lapse. The return includes official audio for some of her hits, but not for songs released before her album Lover. Swift's ownership of her catalog has been a topic of discussion, particularly after her first six albums were sold to Scooter Braun in 2019. The dispute between Universal Music Group and TikTok over artist compensation also played a role in the temporary removal of Swift's music from the platform.
TikTok is removing songs written or co-written by artists signed to Universal Music Group (UMG) as the platform’s battle over music rights continues. This move impacts not only UMG artists but also those with publishing deals with the label, including Harry Styles, Steve Lacy, and SZA. The fallout from the failed music licensing agreement has left many TikTok videos with UMG songs silent, while YouTube is attempting to attract shortform video makers with a new music video remix feature featuring UMG's catalog.
Universal Music Group and TikTok are in a standoff over royalties, resulting in UMG's songs being removed from the platform, including those published by the company. The battle, which began earlier this month, affects a vast number of recordings and artists, with videos featuring UMPG songs either being removed or muted. The situation has led to a war of words between the two parties, with UMG claiming TikTok proposed paying artists and songwriters a fraction of the rate that other major social platforms pay, while TikTok accuses UMG of putting their own greed above the interests of artists and songwriters. The impact on artists and songwriters has been significant, and a quick resolution to the standoff is not expected.
TikTok is removing more music from its platform due to a dispute over royalties with Universal Music Group, affecting not only artists signed to the label but also those who have collaborated with Universal-signed songwriters. The dispute has raised concerns about the impact on artists who gained popularity through TikTok, with some supporting Universal's position while others express frustration over the situation. The row highlights the complex relationship between music and social media platforms, as well as the ongoing challenges in the music industry regarding fair compensation for artists.
Former President Donald Trump launched his own line of tennis shoes, called Trump Sneakers, at Sneaker Con in Philadelphia, aiming to reach out to younger supporters. The line includes high tops and laceless athletic shoes, priced at $399 and $199 respectively, and comes with extra laces and a Trump “superhero charm.” The sales are not affiliated with Trump's presidential campaign or the Trump Organization, as his name, image, and likeness have been licensed to CIC Ventures LLC. This move follows Trump's previous licensing agreement for NFT trading cards and comes shortly after incurring a $350 million penalty for financial fraud. Sneaker Con, a prominent event in sneaker culture, hosted the debut of Trump's sneaker collection, a rare venture for a politician.
Jojo Siwa expressed surprise after learning that all her music had been removed from TikTok due to Universal Music Group's failed licensing agreement with the platform. She took the news in stride, noting that her hit song "Boomerang" was still available. The removal sparked discussions among her followers, some of whom were unaware of her music career. Universal Music Group accused TikTok of not fairly compensating artists and songwriters, while TikTok criticized UMG for prioritizing greed over the interests of their talent. Other artists affected by the removal include Taylor Swift, Bad Bunny, and Drake.
Spotify has reportedly secured Joe Rogan in a new "multiyear" contract worth up to $250 million, allowing the company to sell ads for and distribute "The Joe Rogan Experience" on various platforms, including Apple, Amazon, and YouTube. The deal includes an upfront minimum guarantee and a revenue-sharing agreement based on ad sales, aiming to maximize Spotify's audience and podcasting revenue model. This move comes as Spotify looks to bolster its profits and expand its reach in the competitive podcasting industry, following previous costly investments and layoffs.
Universal Music Group is removing its licensed songs from TikTok due to a failed negotiation for a new licensing agreement, impacting popular artists like The Weeknd and Taylor Swift. The dispute revolves around compensation for artists and songwriters, protection from A.I. music creation, and safeguarding users from hate speech and harassment. TikTok and Universal have not reached an agreement, and the removal process is expected to take several days, potentially affecting user experience on the platform.
TikTok has begun removing all music from Universal Music Group, including artists like Taylor Swift and Drake, after the two companies failed to renew a licensing pact. Universal Music accused TikTok of trying to "bully" them into a deal worth less than their previous agreement, while TikTok criticized Universal's actions as not in the best interests of artists and fans. The removals currently affect recorded music licensed to UMG, and if a deal isn't reached soon, content from the Universal Music Publishing Group catalog will also be pulled. Universal Music emphasized the need for appropriate compensation for artists and songwriters, as well as addressing AI and piracy concerns, while TikTok claimed to have "artist-first" agreements with every other label and publisher.
TikTok has started removing all music from Universal Music Group, including artists like Taylor Swift and Drake, after the two companies failed to renew a licensing pact. Universal Music accused TikTok of trying to "bully" the music company into a deal worth less than their previous agreement, while TikTok criticized Universal's actions as not in the best interests of artists, songwriters, and fans. The removals currently affect only recorded music licensed to UMG, and if a deal isn't reached soon, content licensed from the Universal Music Publishing Group catalog will also be pulled.
Universal Music Group's negotiations for a renewed licensing agreement with TikTok have failed, potentially leading to the removal of Taylor Swift and other artists' music from the platform. UMG cited issues of fair compensation for artists and songwriters, protection from AI-generated content, and online safety as reasons for the breakdown. TikTok accused UMG of prioritizing money over artists' best interests, while UMG accused TikTok of undervaluing music and attempting to intimidate them into accepting a lesser deal.