Suno Loses in Munich, UMG Loses a Quarter of Its Value — Week of August 3

Email us hereThe music industry's AI reckoning hit a new gear: a Munich court found Suno violated copyright law in the GEMA case, the EU AI Act's watermarking rules took effect, Tyga confirmed his new album was Suno-generated, and Fenix Flexin's charting single faced viral AI-fraud accusations — all while Suno simultaneously launched a vinyl pressing service and signed on as Musixmatch Sentinel's first customer. On the financial front, UMG's stock cratered 25% on slowing organic streaming growth even as headline revenue surged 13%, WMG beat consensus with 80% operating income growth, and Spotify crossed 300 million Premium subscribers but still spooked investors with a soft Q3 outlook. Live Nation posted record Q2 attendance of 49 million fans, JENNIE made K-pop history headlining Lollapalooza, and its Veeps unit quietly guttered BrooklynVegan, Alternative Press, Revolver, and Goldmine in a single round of layoffs. Growth, lawsuits, layoffs, and vinyl made from plastic — just another seven days in the music business.