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Download the New Sensorium Galaxy App for iOS: Revolutionizing Music Management

The music industry has undergone significant changes in recent years, with the rise of streaming platforms and artificial intelligence (AI) playing a crucial role in shaping its future. In this rapidly evolving landscape, two former Midem executives have teamed up to launch Mngrs, a startup that is exploring the potential of AI as a music manager.

Mngrs uses AI algorithms to analyze data on user behavior, preferences, and listening habits, enabling it to identify emerging trends and patterns in the music industry. This technology allows the platform to automatically add music tracks to playlists without the artists' consent, which can lead to an artificial boost in popularity.

However, this approach has raised concerns among some artists who feel they are being unwittingly targeted by bots and then unfairly punished as a result of the manipulated playlist rankings. The issue highlights the need for greater transparency and accountability in the music industry, particularly when it comes to AI-powered music management.

In response to these concerns, Spotify and music distributors have launched a crackdown on fraud, aiming to eliminate artificial manipulation of playlists and ensure that artists receive fair compensation for their work. Meanwhile, TikTok's parent company Bytedance has acquired AI-music patents in the US, further solidifying its position in the market.

Event booking platform AmptUp has also made significant strides, introducing its new Payouts feature to streamline the booking process for venues and talent alike. The goal is to pay artists their full worth while providing consumers with an exceptional experience.

The streaming game is becoming increasingly competitive, with Qobuz, Marine Snow, and TOKiMONSTA's sonu.stream joining the fray. Suno, a start-up founded by ex-Midem executives, aims to empower anyone to produce professional-level songs – but what does this mean for artists?

Inside Suno, we learn that the company is on a mission to democratize music production, making it possible for anyone to create high-quality tracks. However, this raises questions about the role of AI in music creation and whether it will further erode the already thin margins for artists.

As the music industry continues to evolve at a rapid pace, it's essential that stakeholders – from artists to streaming platforms – work together to establish clear guidelines and best practices around AI-powered music management. With the launch of Mngrs and other innovative platforms like Suno, the future of music may be more uncertain than ever, but one thing is certain: the next generation of music managers will need to be equipped with the skills to navigate this brave new world.

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