Revenue grew 3.3% as reported but 9.9% at constant currency, which accounts for the euro's strength against the dollar and other currencies.
The company is planning changes to its royalty model for 2024 that will disqualify some tracks from payments and increase penalties for fraud.
UMG Commercial Services will handle BMG's vinyl and CD distribution starting in April 2024 as the companies explore "joining forces" in other areas.
Negotiations with major labels are ongoing and slowing down the project's beta release.
The lawsuit is the first major case aimed squarely at whether artificial intelligence platforms can be "trained" on copyrighted music.
For a monthly fee, content creators can have access to 50,000 pre-cleared songs and 200,000 sound effects — although, superstar artists are not included.
The Billboard Global Music Index dropped 1.5% to 1,355.65 this week, bringing its year-to-date gain to 16.1%.
"As an organization that promotes the unifying and healing power of music, we are shocked and heartbroken," the Recording Academy states.
Young’s on-demand audio streams are down a third since he left Spotify, which means he's missing out on about $16,000 in royalties each month.
Deezer's new model doesn't address some of the fundamental issues with the economics of streaming, says former Sony Music exec Thomas Hesse.
