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Major labels sue Internet Archive over pre-1972 recordings

Universal Music Group (UMG), Capitol Records, Sony Music Entertainment, and Arista Music have filed a copyright infringement lawsuit against the Internet Archive. The heart of this confrontation is a branded section of the Internet Archive’s Great 78 Project, a streaming database of 400,000 streaming, downloadable, and shareable recordings. Click through for the whole story. Continue Reading

Slip.stream music library platform raises $7.5M Series financing; Sony Music involved

Music library platform Slip.stream, which contains over 100,000 tracks and sound effects, has obtained $7.5-million in Series A financing led by Sony Music Entertainment, Third Prime, and Lightshed Ventures. Slip.stream joins an industry segment of music libraries in an addressable market of 22-million YouTube creators and 30-million independent creators who need audio assets for their creations. Continue Reading