European Commission president Ursula von der Leyen has published her ‘2022 State of the Union Letter of Intent’ setting out plans for potential regulations ahead.
Tag: Meta
Leak reveals Instagram’s concerns over falling Reels engagement
The report is based on internal research from Meta: a document titled ‘Creators x Reels State of the Union 2022’ published in August.
Irish regulator fines Instagram €405m over children’s privacy
Instagram has been fined €405m ($403.2m) by Irish regulator the Data Protection Commission (DPC) following an investigation.
Report: Saregama ditches Meta platforms for YouTube Shorts
Last week, Indian music company Saregama announced a deal to make its catalogue available for use on YouTube Shorts globally.
Meta adds Reels features and expands Horizon Worlds rollout
Intensifying competition around short videos is spurring a blizzard of new features across TikTok, Instagram/Facebook, Snapchat and others.
WMG posts 7% revenue growth and renews its deal with Meta
Warner Music Group is the latest music company publishing its financial results for the second quarter of 2022 – its fiscal Q3.
Meta releases BlenderBot 3 chatbot for ‘in the wild’ tests
It has built and released a chatbot called BlenderBot 3 for people (initially only in the US) to interact with.
Meta financials reveal a year-on-year decline in revenues
News that the FTC wants to block its acquisition of music VR app Supernatural wasn’t the only piece of bad news for Meta yesterday.
The FTC wants to block Meta’s acquisition of Supernatural
Meta announced plans to acquire music-driven VR fitness app Supernatural in October 2021, but the deal is running into some big problems in the US.
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.
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.
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.