profit
Too Little, Too Late? Sony Music Fires Off Blanket Warning Against the AI Mining of Its Catalog
Too little, too late? Sony Music has fired off a blanket warning against the unauthorized training of AI systems on its song catalog and other IP. The overarching Sony Music Group today made that clear-cut announcement on behalf of Sony Music Entertainment (SME) as well as its various subsidiaries and Sony Music Publishing (SMP). Spanning
Pandora Hits Back at MLC Lawsuit Over Streaming Royalties: ‘Legally Incoherent’
Music
In a strongly-worded response, Pandora says the royalties group "thinks it knows better than the entire music publishing industry."
Illustration by Thiago Prudêncio/SOPA Images/LightRocket...
Huey Lewis Calls Musical Inspired by His Band’s Songs a ‘Creative Outlet’ After Losing His Hearing
Music
You may not think of Buddhist philosophy and Huey Lewis as the same time very often, but it works for him when considering...
Profit loss at Readie after ‘incredibly difficult’ year
Readie dilivered a total of 3.8 million square feet of warehouse space in its past financial year Logistics and warehouse specialist Readie has blamed inflation and supply-chain failures for a fall into the red in its financial results for the year ending 31 March 2023. A “disappointing” reduction in margin saw pre-tax profit fall from
Profit Peaks on the Horizon Bitcoin Spark, Dogecoin, and Solana
The DeFi industry has experienced tremendous growth, prompting policymakers and financial watchdogs worldwide to take legal actions to regulate cryptocurrency adoption. The boom of cryptocurrencies came at the right time when the world’s economic situation has become heavily dependent on traditional banking systems, such as fractional reserve banking, that gradually depreciate the buying power of
Amey profit rises despite £109m provision
Infrastructure services and engineering maintenance specialist Amey UK has reported higher pre-tax profit for 2022, despite setting aside more than £100m to cover expected future losses on contracts. In its latest financial statement, covering the year to 31 December 2022, the company reported a pre-tax profit of £86.4m, compared to £82.0m in 2021. It also
Sales and profit dip for Peri
CREDIT: Peri Ltd Essex-based scaffolding, formwork and materials provider Peri Limited has posted decreases in turnover and profit for 2022, although the firm was still able to broaden its pre-tax margin. In its annual financial results for the year ending 31 December 2022, the UK subsidiary of German group Peri SE reported a 7.6 per
M&E specialist’s profit soars after extended reporting period
Halsion's work on the William Harvey Hospital in Kent Halsion grew its turnover and saw its pre-tax profit more than double in its latest set of financial results, although this was partly due to an extended reporting period covering the 18 months ending 30 September 2022. The mechanical and electrical (M&E) specialist reported a £7.3m
NAGA Transforms €4.2M Loss into €4.2M Profit as First-Time Deposits Soar by 100%
The significant increase in EBITDA for the first nine months of 2023 led to a positive reaction among NAGA Group's (XETRA: N4G) shareholders, with the stock price rising nearly 20% during today's trading session. The 15% jump in the number of active clients also contributed to the positive sentiment among investors.NAGA Group Reports EBITDA Growth
What is a Profit and Loss Statement?
If you buy something through our links, we may earn money from our affiliate partners. Learn more.“What is a profit and loss statement?” you might ask. As a business owner, understanding how effectively you’re generating profits is crucial. A Profit and Loss (P&L) statement is a key financial report that provides insights into your business’s
Interim profit up at Yorkshire steelwork specialist
Billington Holdings Plc posted a pre-tax profit of £4.6m for the first half of the year, up from £1.3m for the equivalent period in 2022. The Barnsley-based group of structural steel and safety-solutions companies attributed its performance to the softening of energy price rises and the falling price of steel. Billington chief executive Mark Smith
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Too Little, Too Late? Sony Music Fires Off Blanket Warning Against the AI Mining of Its Catalog
Too little, too late? Sony Music has fired off a blanket warning against the unauthorized training of AI systems on its song catalog and other IP. The overarching Sony Music Group today made that clear-cut announcement on behalf of Sony Music Entertainment (SME) as well as its various subsidiaries and Sony Music Publishing (SMP). Spanning
Business News
Pandora Hits Back at MLC Lawsuit Over Streaming Royalties: ‘Legally Incoherent’
Music
In a strongly-worded response, Pandora says the royalties...
Business News
Huey Lewis Calls Musical Inspired by His Band’s Songs a ‘Creative Outlet’ After Losing His Hearing
Music
You may not think of Buddhist philosophy and...