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Spotify's AI remix tool is gaining publisher momentum, StubHub's $3.4M lobbying effort just killed California's ticket resale cap, and a federal securities fraud suit lands on Selena Gomez and Wondermind. Meanwhile, Midia Research sees recorded music hitting $121 billion by 2033 — and generative AI claiming 38% of music software revenues along the way.
Deals & M&A
• Spotify signs Kobalt for AI fan-made covers and remixes tool, joining UMG and Merlin.
• AEG Presents partners with Creativeman Productions, operator of Japan's Summer Sonic festival.
• Suno launches Studio 2.0 browser DAW with MIDI, stem separation, and unlimited downloads.
• UMG shares down ~40% over 12 months; HSBC downgrades to "reduce" with €12.10 target.
Lawsuits & AI
• Federal securities fraud suit filed against Selena Gomez, her mother, and Wondermind co-founder over $1.175M in unaccounted investor funds.
• Trump-appointed Kennedy Center board votes to add Trump's name and approve two-year shutdown, defying prior court orders.
• Amazon exec admits Twitch AI training must be opt-out because "nobody would opt in."
Streaming & Tech
• Midia Research forecasts global recorded music revenues reach $121.1B by 2033, up from $74.3B in 2025.
• Generative AI projected to account for 38% of music software and services revenues by 2033.
• India forecast to become the third-largest music subscriber market globally by 2033.
• Spotify India rolling out subscriber rewards to convert free users to paid tiers.
Live & Touring
• California's Fans First Act — 10% resale price cap — dies in Senate committee after StubHub spends $3.4M lobbying against it.
• Anti-bot companion bill AB 1349 survives the same hearing and advances to a California floor vote.
• AEG developing two new Japan arenas: 17,000-cap IG Arena and an 18,000-seat Osaka Arena breaking ground in 2027.
Artists & Releases
• New Music Friday: Ayra Starr, Phoebe Bridgers, Trippie Redd, KATSEYE, Fridayy, and Open Mike Eagle drop albums today.
International
• Summer Sonic's 25th anniversary runs August 14–16 in Tokyo and Osaka, headlined by The Strokes, Jamiroquai, JENNIE, and David Byrne.
• TikTok Music on Stage global emerging-artist competition returns; auditions open August 15 across 20-plus regions.
Five minutes, six categories, zero fluff.