CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including BTS's announcement that they are going on break to focus on solo projects - but whatever you do, don't call it a hiatus - plus Goldman Sachs' big predictions for music industry growth to the end of the decade.



STORIES DISCUSSED THIS WEEK

• BTS announce hiatus, management insists its not a hiatus

• BTS’s RM insists that group’s break “is not the end for us”

• Goldman Sachs Music In The Air report






ALSO MENTIONED

• Belgium introduces ER right on streams






MORE FROM CMU

• Upcoming CMU webinars

• Buy MMF and CMU Insights’ Dissecting The Digital Dollar book on Amazon

• Sign up to receive the CMU Daily news bulletin

• Listen to the full Setlist theme tune




BTS on a break, but don’t call it a hiatus

SETLIST is the music business podcast from CMU

Business

Investing

Careers

Management & Marketing

Business News

Shopping

Music

News

Music Commentary

Entertainment News

On this week's show we discuss the battle between the music publishers and Spotify as it ramps up another gear, Sony Music's lawsuit accusing the Marriott hotel chain of “rampant” copyright infringement, and more.



SECTION TIMES

01: Spotify (00:04:39)

02: News in brief (00:22:15)

03: Sony Music (00:25:13)

(Timings may be slightly different due to adverts)



THIS WEEK'S MAIN STORIES

• Spotify’s conduct proves US compulsory licence isn’t working, says NMPA boss

• Sony sues Marriott over social media posts



NEWS IN BRIEF

• Leadmill eviction battle in court

• Live industry welcomes ticket tout prison sentences

• TikTok wants its legal case against US “sell-or-be-banned” law fast-tracked

• Scarlett Johansson accuses ChatGPT of stealing her voice



ALSO MENTIONED

• Live Nation monopoly is “anticompetitive” and must be broken up says DoJ lawsuit


“Spotify is not a business partner”, says NMPA boss

On this week's show we discuss the battle between music publishers and Spotify over its plans to reclassify its subscriptions as bundles of music, audiobooks and podcasts, and commercial media companies hit out at the BBC’s plan to sell advertising on its podcasts.



SECTION TIMES

01: Spotify (00:03:48)

02: News in brief (00:15:20)

03: BBC (00:17:48)

(Timings may be slightly different due to adverts)



THIS WEEK'S MAIN STORIES

• The MLC is suing Spotify over audiobook bundling

• Publishers accuse Spotify of licensing gaps in letter the streaming service has dubbed a “misleading press stunt”

• US music publishers ramp up the rhetoric against Spotify's royalty reducing bundling trick

• Media companies hit out at plan for BBC to sell ads alongside its podcasts



NEWS IN BRIEF

• TICKET Act passed by US House Of Representatives

• Universal removed as defendant on explosive Diddy lawsuit

• TikTok creators file lawsuit against US sell-or-be-banned law

• Utopia swings the axe again with significant job losses across remaining non-UK operations

• ATC takes majority stake in Raw Power



ALSO MENTIONED

• Sony Music tells 700+ AI companies to respect its copyrights


Music publishers go to war with Spotify

On this week's show we discuss the UK Parliament’s Culture, Media & Sport Select Committee recommending that a levy on ticket sales for large scale shows be implemented by September and that the government should instigate a VAT cut for grassroots music venues, plus the concerns surrounding the launch of a new SXSW festival in London.



SECTION TIMES

01: Grassroots venues report (00:06:50)

02: News in brief (00:14:18)

03: SXSW London (00:17:38)

(Timings may be slightly different due to adverts)



THIS WEEK'S MAIN STORIES

• MPs set September deadline for ticket levy to support grassroots venues and shows

• SXSW London could disrupt delicately balanced music ecosystem and should reconsider its date



NEWS IN BRIEF

• TikTok sues the US government over sell-or-be-banned law

• Goldman Sachs analysts upbeat about music industry after a “turning point” year

• Lucian’s lunch money under threat as shareholder pressure mounts over “excessive” pay packet

• Nine of the ten wrongful death Astroworld lawsuits now settled, says Live Nation

• OfCom should use Online Safety Act powers to force Facebook to act on ticket scams, says Which?

• Music Venue Properties announces purchase of The Ferret in Preston

• Apple finds out the hard way that not everyone thinks destruction is a form of creation


Arena ticket levy by September, MPs demand

On this week's show we discuss the calls on both sides of the Atlantic for new AI laws to protect creators, the big love-in between Universal and TikTok as they finally resolve their differences, and more.



SECTION TIMES

01: AI laws (00:07:00)

02: News in brief (00:20:29)

03: Universal x TikTok (00:23:20)

(Timings may be slightly different due to adverts)



THIS WEEK'S MAIN STORIES

• MPs call on UK government to create “a pro-creative industries AI bill”

• FKA Twigs and Warner boss tell Senators about the urgent need for a US-wide law to regulate deepfakes

• Universal and TikTok are best buds again

• Universal boss Lucian Grainge talks up the new TikTok deal which “will protect the integrity and value of human artistry”



NEWS IN BRIEF

• EU TikTok ban “is not excluded” says European Commission President, as FCC Commissioner says US ban won’t be scuppered in the courts

• CEO of NewJeans label Ador refuses to convene board meeting as parent company HYBE tries to push her out

• R Kelly fails to overturn Chicago conviction

• Astroworld victims want first trial to be livestreamed

• Taylor Swift and Record Store Day push UK vinyl sales reach highest level since 1994



ALSO MENTIONED

• Could Co-op Group terminate Manchester arena naming rights deal? Fury mounts as safety incident forces yet more Co-op Live show cancellations


Calls for urgent new AI laws in UK and US

On this week's show we discuss the bidding war compounding the latest in a long line of dramas at Hipgnosis, the faltering start for Manchester’s new Co-op Live arena and more. 



SECTION TIMES

01: Hipgnosis (00:04:59)

02: News in brief (00:18:48)

03: Co-op Live (00:12:15)

(Timings may be slightly different due to adverts)



THIS WEEK'S MAIN STORIES

• Hipgnosis debacle might be over as Concord offers to acquire entire share capital of SONG - but there’s a catch…

• Blackstone tops Concord offer for SONG, hints at invoking call option

• The state of Hipgnosis

• To the moon! Concord reaches for the high notes as it ups its SONG bid to $1.25

• Co-op Live GM says grassroots venues are “poorly run”, before cancelling thousands of tickets to test event at the very last minute

• Manchester’s new Co-op Live arena cancels launch shows as power issues delay opening



NEWS IN BRIEF

• The clock is now TikTokking as US Senate votes through sell-or-be-banned law

• Amazon AI employee claims she was told to breach copyright rules because “everyone else is doing it”

• Moving BBC radio to an ad-funded model would be a disaster, says Radiocentre

• Drake threatened with legal action over AI Tupac in Kendrick diss track



ALSO MENTIONED

• AI and music one year later: What happened? And where are we at? (Spot Festival, 3 May, 1pm)

• Dissecting The Digital Dollar: What’s changed? (Spot Festival, 4 May, 11.45am)

• The new pay-out models: What are the consequences for you as an artist and as a songwriter? (Spot Festival, 4 May, 1.15pm)

• The great streaming swindle: That’s how much money is swindled every year in the music industry (Spot Festival, 4 May, 2.15pm)

BTS on a break, but don’t call it a hiatus

Download our free app to listen on your phone