Welcome to and the update is.

I am your host, Ross Golan, and this is the news in the music industry

for the week of June 1st, 2006.

Happy birthday to my wife and to my sister and niece.

It's a big week in the Golan family.

So yeah, we've got some news for Ann the Writers.

We are about to launch our Patreon page.

And if you happen to be in Times Square, you will see a giant billboard with our faces on it to celebrate said fact.

We will be in New York for a live interview on Tuesday. That's going to be fun too.

So in other news, Universal Music Group repurchased that $290 million shares from Pershing Square.

When Pershing Square did I try to take over UMG, that didn't work. And UMG ended up repurchasing that, uh, that giant chunk of

shares. Maybe the most interesting news for the songwriting community right now is that

Suno raised $400 million, which gives them a $5.4 billion valuation.

So I guess AI is worth something to somebody, maybe not to songwriters and to art.

But it is worth a lot to investors.

That funding round comes as the company prepares to launch a new music model developed in

partnership with the music industry.

I'll believe it when I see it.

It's not impossible, but who knows?

Sound Exchange and IFPI simplify ISRC registration process.

That is good for anybody who's actually releasing their own music.

That's a really nerdy update, but it is an actual thing that will help people out.

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