Musical.ly starts $50 million Creator Fund as its acquisition closes

Musical.ly announced the start of a fund to support its users. The short-form music video and lip syncing app will invest up to $50 million into a Creator Fund over the next two years. The money will go toward a range of programs, from college scholarships to co-development deals to a “creator marketplace” where users can trade creative assets or instruction. Continue Reading

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YouTube and Universal Music Group reach licensing deal; Sony may be next

YouTube has signed a new licensing deal with Universal Music Group. UMG did say that the deal would lead to “growing compensation” for its artists, but neither company has disclosed details. “We’re thrilled to strengthen our partnership with Universal Music Group,” YouTube CEO Susan Wojcicki said. Continue Reading

BMI wins out over Justice Department in appeals court ruling

BMI announced that a Court of Appeals for the Second Circuit has ruled in its favor, meaning the preforming rights organization will be able to continue its use of fractional licensing. That’s a big win for BMI, although understanding why requires some review of legal proceedings and details from the past 18 months. Continue Reading