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Dan Runcie

๐Ÿ‘ค Speaker
113 total appearances

Appearances Over Time

Podcast Appearances

Marketplace All-in-One
The music industry vs. AI (rerun)

That is the...

Marketplace All-in-One
The music industry vs. AI (rerun)

infrastructure that youtube has built that if you or i were to upload a song or to upload a video that has a song in it they can automatically scan a video and determine whether or not we use this particular song and determine the use of whether or not that song is valid or not the challenge is this even if you are interviewing someone that is the subject of the topic you're talking about you naturally want to include their music in your video or in your clip or in your episode

Marketplace All-in-One
The music industry vs. AI (rerun)

does that person actually own the underlying music?

Marketplace All-in-One
The music industry vs. AI (rerun)

And as ironic as it may seem, that can often be a very debatable issue.

Marketplace All-in-One
The music industry vs. AI (rerun)

And sometimes it's the major record labels that own it.

Marketplace All-in-One
The music industry vs. AI (rerun)

And you would think that there's a case to be made.

Marketplace All-in-One
The music industry vs. AI (rerun)

You're naturally talking about the product.

Marketplace All-in-One
The music industry vs. AI (rerun)

Wouldn't it be fair use that you're actually there for promoting and discussing it?

Marketplace All-in-One
The music industry vs. AI (rerun)

It's not like you're just randomly inserting their music into some background song.

Marketplace All-in-One
The music industry vs. AI (rerun)

But oftentimes you'll see in copyright cases,

Marketplace All-in-One
The music industry vs. AI (rerun)

The side that wins often is a side that can be the most well-funded because of how much money they have, how many resources they have.

Marketplace All-in-One
The music industry vs. AI (rerun)

And that doesn't always lend itself to what the law intended it to be.

Marketplace All-in-One
The music industry vs. AI (rerun)

So there are some misaligned incentives there.

Marketplace All-in-One
The music industry vs. AI (rerun)

That was one of the more interesting cases that happened back in 2024, because as you alluded to and discussed, Universal Music Group did pull its music off of TikTok for a three-month period.

Marketplace All-in-One
The music industry vs. AI (rerun)

And this was over the disputes over payments.

Marketplace All-in-One
The music industry vs. AI (rerun)

And Universal Music Group had used an example several times and said, of all of the revenue that we have, that we get in annually from what they had in 2024, I believe,

Marketplace All-in-One
The music industry vs. AI (rerun)

only 1% of that or maybe even less than 1% of that came from TikTok.

Marketplace All-in-One
The music industry vs. AI (rerun)

And this is a platform that people talk about just growing in its importance and how it truly is the place where a lot of music discovery happens today.

Marketplace All-in-One
The music industry vs. AI (rerun)

And compared to YouTube, because it's a platform that is newer, relatively speaking, and it's more based on short form video as opposed to the long form as well, the monetization just hasn't necessarily caught up in that way.

Marketplace All-in-One
The music industry vs. AI (rerun)

So the major record labels do want to make sure