The U.S Copyright Office has finalized its rule change on streaming royalties, delivering a long-awaited clarification on who receives streaming royalties when songwriters exercise termination rights that allow authors and heirs to terminate copyright grants — including transfers or licenses — for their music. The rule clarifies who is entitled to collect mechanical royalties paid by streaming platforms after the termination has been invoked. Specifically, the final rule confirms “that the derivative works exception to termination rights under the Copyright Act does not apply to the statutory blanket mechanical license established under the Music Modernization Act.” Read more

DreamFlare has emerged from stealth to launch what is being billed as the first streaming platform for GenAI video. In addition to the consumer-facing subscription platform, the business model includes a sort of AI studio where creators can tap the expertise of professional storytellers to produce AI video using third-party tools like Runway, Sora and Midjourney. The company will feature two types of content: Flips, which are animated narratives with audio that viewers can also examine frame-by-frame, as with comic books, and Spins, described as “short movies” featuring branched narratives that provide interactive plot choices. Read more

Generative video creation and editing platform Captions has raised $60 million in Series C funding. Founded in 2021 by former Microsoft engineer Gaurav Misra and Goldman Sachs alum Dwight Churchill, the company’s technologies — Lipdub, AI Edit and the 3D avatar app AI Creator — have amassed more than 10 million downloads for mobile, the firm says. The C round brings its total raise to $100 million for a stated market valuation of $500 million. With the new funding, Captions plans to expand its presence in New York City, which is “emerging as the epicenter for AI research,” according to Misra. Read more

Federal regulators have taken the unprecedented step of banning the NGL messaging platform from providing service to users under 18. The action is part of a legal settlement between NGL Labs, the Federal Trade Commission and the Los Angeles District Attorney’s Office. NGL, whose niche is “anonymous” communication and features the tagline “Ask me anything,” has also agreed to pay $5 million in fines. An FTC investigation found that in addition to fraudulent business claims about divulging the identities of message senders for a fee, NGL also falsely claimed it used artificial intelligence to filter out cyberbullying and harmful messages. Read more

Samsung announced eight new devices in Paris this morning during its latest Galaxy Unpacked event. The products — all featuring Galaxy AI — include new Samsung folding smartphones, the Galaxy Z Fold6 and Galaxy Z Flip6; the Galaxy Watch7 smartwatch series in two sizes and a new Galaxy Watch Ultra; the Galaxy Buds3 and Galaxy Buds3 Pro wireless earbuds; and a $400 health-tracking smart ring called Galaxy Ring, marking a new product category for the company. The IP68 and 10 ATM water-resistant Galaxy Ring is a lightweight titanium ring that will be available later this year in nine size options in black, silver and gold finishes. Read more