The CEO of Warner Music Group said on Monday the major label plans to create an "e-label," which instead of CD albums will release batches of three songs from artists every few months as digital downloads, CNET News.com reported. The e-label will provide artists with a "supportive, lower-risk environment," commented Warner Music CEO Edgar Bronfman Jr., and not focus on the million-selling hit records sought after by major record labels. In addition, artists on Warner's e-label will retain ownership of the master recordings of their songs and copyrights. "We're trying to experiment with a new business model," said Bronfman. "We're going to try to see where this goes."
Technology is a compelling catalyst for economic growth across the globe. Artificial intelligence (AI) rides a seismic wave of transformation in the Asia-Pacific (APAC) region — a market bolstered by bold government initiatives, swelling pools of capital, and vibrant tech ambition. The latest IDC analysis sheds light on this dynamic market. Despite a contraction in deal volumes through 2024, total AI venture funding surged to an impressive $15.4 billion — a signal of the region’s resilience and the maturation of its digital-native businesses (DNBs). Asia-Pacific AI Market Development The APAC AI sector’s funding story is not just about headline numbers but also about how and where investments are shifting. Even as the number of deals slowed, the aggregate value of investments climbed, reflecting a preference among investors for fewer but larger, high-potential bets on mature or highly scalable AI enterprises. The information technology sector led the AI investment charge. Top area...