Hello everyone, I'm Kimberly Adams.

Welcome back to Make Me Smart, where none of us is as smart as all of us.

Today, we're going to take a look at the music business, and there is a lot going down in that industry,

both with big artists and behind the scenes.

You may have heard recently that the AI company Anthropic agreed to pay authors $1.5 billion

to settle an AI copyright case.

And while yes, this has big implications for the news and the book publishing industries,

we wanted to talk about what this might mean

for the music business, where there are a bunch of copyright fights happening right now.

And for that, we are joined now by Dan Runcie, who is the founder of Trappital, a music

and entertainment research group.

And Dan is here to make us smart about this industry and other industry news.

Dan, welcome to the show. Thank you so much for having me. Excited to be here.

So what does this anthropic settlement mean for the music industry?

The anthropic settlement was big. And I think a lot of people in the music industry,

specifically on the legal side

opened their eyes up because they saw a pathway for what the future could look like,

especially with some of the ongoing legal disputes going on. The major record labels,

Universal Music, Sony and Warner have sued some of the AI companies that are using generative AI music, like

Suno and Udio, because they believe that those companies had trained their models with the

music that Universal Music Group and others own and are the rights holders too.

So what we saw the Anthropic case play out is that there was a settlement that was reached

...