Exploration Audio Newsletter - August 20, 2021

Facebook Reels is now being rolled out in the US, a new short-form video feature launched earlier this year in India, Mexico, and Canada. Facebook users can choose songs from the platform's music library, record their own original audio, or even use someone else’s audio if their Reels are set to public.

Spotify has recently hired Copyright Office exec Regan Smith to fill their head of public policy and government affairs role. Smith had worked at the Copyright Office for several years as former general counsel and associate register of copyrights, handling regulation, litigation, and other legal affairs.

On August 17, Pershing Square Tontine Holdings (PSTH) was hit with a lawsuit pertaining to its failed attempt to invest in Universal Music Group (UMG). The suit alleges that PSTH is not a proper special purpose acquisition company (SPAC), but rather an investment firm, and requests damages reflecting PSTH’s "breach of fiduciary obligations" under the Investment Company Act of 1940.

If you are interested in the music industry, you've probably heard about music publishers and record labels. Ever wonder what exactly happens behind the scenes?

In this 8th episode of our series, Aaron Davis talks about Exploration's business operations, "sprints", business review, and a whole lot more!

 

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