Tag: meta

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UMG talks social media, catalogue values and user-centric payouts

Universal Music Group published its Q2 2022 financial results yesterday, revealing a 17.3% year-on-year growth in its revenues to €2.54bn.
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Meta bundles Beat Saber music game with Quest 2 headsets

Good news for Meta's VR game Beat Saber this morning – and for the artists and labels who have made song packs available for sale within it.
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Facebook launches ‘Music Revenue Sharing’ feature globally

It's been a difficult last week for Meta's music strategy, what with Epidemic Sound suing the company and Kobalt pulling its catalogue in the US.
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Kobalt US pullout gives Meta another licensing headache

Meta is having... let's call it a 'difficult' month for its music-licensing strategy.
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Epidemic Sound sues Meta in $142m infringement lawsuit

Meta is facing a big headache in the form of a $142m copyright infringement lawsuit from production music firm Epidemic Sound.
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Meta changes: Facebook Feeds tab and auto-Reels videos

We think the changes could be significant for music marketers as well as everyone else using the platforms.
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PatchXR launches PatchWorld virtual-reality music-making app

We recently wrote about 33 companies to watch if you're interested in music and the metaverse.
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Post Malone to kick off Meta’s ‘Horizon Block Party’ VR series

Fresh from merging its Horizon Venues VR events app into its Horizon Worlds service, Meta is kicking off a new series of VR performances.
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Report claims that Meta accounts for 90% of VR headset sales

You don't need a virtual reality headset to be playing in the metaverse: from Fortnite and Roblox to The Sandbox and Decentraland.
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Meta tests NFTs on Facebook and Instagram video / Reels swap

Meta's latest tests on its flagship social networks may both be of interest to the music industry.
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Mark Zuckerberg on AR/VR: ‘Getting spatial audio right is key’

As a technology, spatial audio has been higher on the music industry's agenda in recent times, thanks in part to the push for spatial music from Apple Music and Amazon Music.
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Metaverse Standards Forum launches to drive interoperability

Okay, we know this may not be the most inspiring headline you've ever seen from Music Ally, but it's an interesting story.