news and current affairs.
AKG readies new C-Series mics ahead of NAMM
AKG dropped some new mics aimed squarely at the content creator crowd. The C Series includes three models: the C104, C114, and C151. These capacitor microphones promise professional sound with user-friendly operation. Designs are based on their classic C414, with large-diaphragm options and a small-diaphragm cardioid model. The C114 offers multiple polar patterns for flexible recording situations. They boast a transformerless FET circuit for low noise and wide dynamic range. Company officials stated a goal of making mic creators reach for daily, emphasizing ease and inspiration. Sustainability is a big focus, with bodies made from fully recycled material. Packaging and accessories also aim for minimal environmental impact. The...
HYBE eyes share sale as BTS hype lifts stock
HYBE's making a money move, cashing out shares right as the BTS hype train revs up. The South Korean entertainment giant plans to sell over five billion won in stock, capitalizing on a major rally. Share prices have more than doubled since their initial public offering, recently hitting a multiyear high. This surge follows anticipation around the group's upcoming album and massive world tour. The company's operating profit took a hit during the band's hiatus. Executives project a full-scale revenue improvement starting next year, anchored by the group's return. HYBE has worked to diversify its portfolio beyond reliance on the superstar act. Expansion efforts include new international headquarters and investments in global musical acts...
Kobalt exec Derek Cournoyer jumps to AI firm ElevenLabs
A music exec just jumped ship for an AI startup. Derek Cournoyer left indie publisher Kobalt to join ElevenLabs as its Head of Strategy for Music Business Affairs. He will shape the company's industry relations with labels and publishers from Los Angeles. Cournoyer previously helped negotiate a partnership between his old employer and the AI firm, allowing Kobalt artists to participate in training its platform. ElevenLabs runs an AI music generator called Eleven Music Pro. It rivals similar platforms but emphasizes using legally licensed songs for training its models. The company also secured a partnership with licensing organization Merlin. Cournoyer spent years at Kobalt, most recently leading global digital business strategy. There...
Bandcamp bans AI-made music to keep humans center stage
Bandcamp is drawing a hard line against AI-generated music. The direct-to-fan platform announced a ban on audio created wholly or substantially with artificial intelligence. Impersonating other artists or styles using AI tools also violates existing policies. Company leadership stated a desire to protect the vibrant community of human musicians on the service. They want fans to be confident that the music they discover is made by people. A reporting system lets users flag suspected AI content for removal. Bandcamp reserves the right to take down tracks based on suspicion. The policy will evolve as AI technology develops. This follows the launch of their human-curated subscription service, which emphasizes picks from journalists and DJs...
Spotify eyes another price hike for US listeners
Spotify is charging more again, hitting subscribers in the States and a couple of European nations. The streaming service announced increased monthly prices for Premium plans. United States users will see their bill jump from eleven ninety nine to twelve ninety nine. Estonia and Latvia face similar adjustments. Company communications claim the hike helps deliver a great experience and support artists. This follows a pattern of international price increases across numerous markets. Spotify’s global Premium subscriber base reached two hundred eighty-one million accounts. The company recently achieved its first full year of operating profit. Executives signaled that regular pricing adjustments remain a strategic priority for sustained...
Sony snaps up producer Jon Buscema in global deal
Sony Music Publishing just locked down a producer with a serious reputation. They signed Jon Buscema to a global deal through Daniel Nigro's venture, Amusement. This marks an early producer signing for Nigro's company. Buscema has built a name working across genres with artists like Conan Gray and Grace VanderWaal. He played a central role in developing newer acts such as Devon Again and Noah Rinker. Buscema stated he found a team sharing his passion for artist development. Nigro called the producer one of the smartest and most thoughtful he has encountered. A Sony executive praised Buscema's high level of taste and decisive creative nature. The producer began his career playing in bands within the New York City music scene before...
Harare eyes CAF-ready Rufaro as upgrades roll back in
Rufaro Stadium might finally get that major facelift to meet continental standards. Harare Mayor Jacob Mafume announced renovation plans for the facility, aiming to comply with Confederation of African Football requirements. The council temporarily permitted local Premier League matches there due to a critical national stadium shortage. Upgrades will include installing bucket seats and digital screens. Mafume expressed hope that CAF would approve the venue for future Champions League matches. He emphasized the council's refocused commitment to sports like soccer. This initiative plays a key role in fighting drug abuse and aiding youth rehabilitation efforts. The stadium's modernization is a priority project for city officials.
Exiled tycoon Mutumwa Mawere dies at 66
Controversial tycoon Mutumwa Mawere has died after a health battle. The Zimbabwean businessman and founder of Shabanie Mashaba Mines passed away at sixty-six years old. He had been living in exile within South Africa amid a protracted dispute with certain political figures. Mawere suffered from a severe neurological condition requiring constant medical attention. His death occurred at a hospital in Sandton. Close associates confirmed his passing. Mawere marked his sixty-sixth birthday shortly before dying. The industrialist's complex legacy includes building a major mining conglomerate before facing legal and political challenges that forced him abroad. His illness left him in critical condition prior to his death.
Zera hands out 440MW licenses as power woes drag on
Licenses for a big chunk of new power generation just got handed out. The energy regulator approved three independent projects totaling four hundred forty megawatts. Zhong An Coking and Power Company in Hwange scored a license for two hundred forty megawatts from a heat recovery plant. Two Gweru-based firms, Huoyuntong Investments and Changshi Power, will each produce one hundred megawatts. This move addresses the country's persistent electricity shortage. Demand regularly outpaces supply, causing rolling blackouts and forcing imports. Peak need sits around twenty two hundred megawatts, but local generation frequently falls short. Recent output figures showed Hwange Power Station providing most of the national supply, with a smaller...
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