Warner Music Group (WMG), Universal Music Group (UMG), and Sony Music Entertainment (SME) have signed new licensing deals with artificial intelligence (AI) music technology company Klay Vision Inc., making it the first AI music startup to land licensing deals with all three major record companies and their publishing companies. A press release claims Klay willRead More
As ESPN’s future drifts in the direct-to-consumer wind, a deal with Penn Entertainment will let the sportsbook rename existing properties, like its Barstool Sportsbook, to ESPN Bet. In return, Penn is scheduled to pay ESPN $1.5 billion over the next ten years, as well as $500 million in warrants to buy shares of the operationRead More
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