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Universal Music Group — which owns the rights to superstars including Taylor Swift, Olivia Rodrigo, Billie Eilish and Drake — threatened to revoke TikTok’s license on Wednesday after the two companies failed to reach a deal on key issues such as artist compensation.

The worlds largest music company wants TikTok to increase payments to its artists, as well as to address the growing trend of using artificial intelligence to create music on the Chinese-owned video-sharing app.

Revoking TikTok’s license, which expires Wednesday, could be a devastating blow for the app as roughly 60% of the videos posted to its platform include music.

“TikTok proposed paying our artists and songwriters at a rate that is a fraction of the rate that similarly situated major social platforms pay,” UMG said.

“As our negotiations continued, TikTok attempted to bully us into accepting a deal worth less than the previous deal, far less than fair market value and not reflective of their exponential growth.”

The company did not say how much it was paid in its previous deal or what increase it is seeking from TikTok, which has an estimated 1.5 billion monthly users.

TikTok shot back early Wednesday with its own scathing response, accusing the music company of putting their own greed above the interests of artists and songwriters.

UMG said TikTok only accounts for 1% of its advertising revenue despite its musicians representing eight out of 10 of the most popular bands and singers on the social media site last year.

In an open letter to its artists Tuesday, titled “Why We Must Call Time Out on TikTok,” UMG wrote: “Ultimately TikTok is trying to build a music-based business, without paying fair value for the music.”

The company added that it was concerned about the growth of artificial intelligence tools used in TikTok videos and their effect on intellectual property, while also griping about the amount of copyright infringement. It also noted the “tidal wave of hate speech, bigotry, bullying and harassment” on the site.

The record giant also alleged that TikTok attempted to intimidate it by “selectively removing the music of certain of our developing artists,” while keeping “audience-driving global stars.”

Although TikTok has not responded specifically to the allegation, it did accuse the label of false narrative and rhetoric and pointed out it was able to sign deals with other major music labels in a statement it posted Tuesday on X.

The company signed a music licensing deal with Warner Music Group, which represents Madonna, Lizzo and Ed Sheeran, last year.

pic.twitter.com/8WNHLqIiyy

The fact is they have chosen to walk away from the powerful support of a platform with well over a billion users that serves as a free promotional and discovery vehicle for their talent, TikTok added.

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Entertainment

Terence Stamp, Superman villain and star of The Adventures of Priscilla, Queen of the Desert, has died

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Terence Stamp, Superman villain and star of The Adventures of Priscilla, Queen of the Desert, has died

British actor Terence Stamp – who famously played General Zod in Superman and Superman II – has died at the age of 87.

The Oscar-nominated actor, who was born in London’s East End, also starred in hits such as Theorem, A Season in Hell, and The Adventures of Priscilla, Queen of the Desert.

He formed one of Britain’s most glamorous couples with Julie Christie, with whom he starred in “Far From the Madding Crowd” in 1967.

In a statement, his family said: “He leaves behind an extraordinary body of work, both as an actor and as a writer that will continue to touch and inspire people for years to come.”

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Environment

Mahindra reveals Batman BE 6 EV – and it’s kind of amazing

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Mahindra reveals Batman BE 6 EV – and it's kind of amazing

Indian ag and automaker Mahindra has launched a limited-run Batman Edition of its BE 6 Electric Origin SUV, calling it, “a production car that brings to life a rare fusion of cinematic heritage and modern luxury, inspired by Christopher Nolan’s critically acclaimed The Dark Knight Trilogy from Warner Bros. Pictures.”

And, you guys – the new Mahindra BE 6 is. So. Serious.

Someone at Mahindra is very taken with American culture it seems. After launching the Willys MB Jeep-inspired Mahindra Roxor a few years ago, the company followed it up by building a credible line of EVs co-developed with VW. Now, they’re building a limited edition of one of those EVs inspired by another American cultural icon.

“Batman is more than a pop-culture icon — he represents innovation, resilience, and an unyielding drive to push boundaries,” says Vikram Sharma, Senior Vice President, Warner Bros. Discovery Global Consumer Products, APAC. “This collaboration brings that spirit to the road in a bold, electric way. With this limited-edition range, fans in India can now experience the thrill of Batman every time they drive. It’s a collector’s statement on wheels.”

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To separate the Batman Edition from the other Mahindra SUVs, its makers have festooned their EV with Dark Knight logos and branding, inside and out.

Batman Edition features


Exterior

  • Custom Satin Black Colour premieres on the Batman Edition
  • Custom Batman Decal on front doors
  • R20 alloy wheels for an aggressive, athletic stance
  • Alchemy Gold-painted suspension and brake callipers a bold, premium contrast to the Satin black body
  • “BE 6 × The Dark Knight”, limited edition, rear badging
  • The Bat emblem, as seen in The Dark Knight Trilogy, uniquely placed on:
  • Hub caps
  • Front quarter panels
  • Rear bumper
  • Windows & Rear Windshield
  • Infinity Roof featuring The Dark Knight Trilogy Bat emblem
  • Night Trail – Carpet lamps with The Dark Knight Trilogy Bat emblem logo projection
  • ‘Batman Edition’ signature sticker on rear door cladding

Interior

  • Brushed Alchemy Gold Batman Edition plaque on the dashboard with numbering
  • Charcoal leather instrument panel (IP) with brushed gold halo around driver cockpit
  • Suede and leather upholstery with gold sepia accent stitching and integrated The Dark Knight Trilogy Bat emblem for a rich, tactile experience
  • Gold-accented steering wheel, In-Touch Controller, Electronic Parking Brake, custom key fob with Alchemy gold detailing
  • The Dark Knight Trilogy Bat emblem embossed on:
  • The “Boost” button
  • Seats
  • Interior labels
  • Pinstripe graphic and The Dark Knight Trilogy Bat Emblem across the passenger dashboard panel
  • Race car inspired open straps with Batman Edition Branding Batman Edition welcome animation on the infotainment display
  • Custom Batman inspired exterior engine sounds

Despite all the Batman branding, the end result is almost tasteful. I could do without the custom Batman decal on the front quarter panels, but the rest of the mods are far less offensive. I even like the little “Bat Signal” puddle lights on the wing mirrors.

Mahindra Batman BE 6


As a car, the special edition Batman Mahindra is based on the top-shelf version of the BE 6, fitted with a 79 kWh battery good for 550 km (about 340 miles) of range according to its WLTP rating. That battery sends power to a rear-mounted 282 hp (210 kW / 286 PS) electric motor generating and 380 Nm (about 280 lb-ft) of torque that sends power to the rear wheels.

The BE6 also features a modern Level 2 ADAS tech and screens everywhere, including in the steering wheel hub – which seems like it might get particularly nasty in an airbag deployment (but no one asked me).

Pricing starts at ₹27.79 lakh (a little under $27,500, as I type this), and production will be limited to just 300 units. Order books are set to open 23AUG.

SOURCE | IMAGES: Mahindra.


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Business

Miniature classic car-maker Hedley Studios revs up rescue deal

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Miniature classic car-maker Hedley Studios revs up rescue deal

A company which makes miniaturised electric versions of classic cars has secured a rescue deal led by an American merchant banking group.

Sky News understands that the future of Hedley Studios – formerly known as The Little Car Company – has been salvaged through a pre-pack administration deal.

FRP Advisory is understood to have acted as administrator before selling the business to an entity controlled by Island Capital Group.

Hedley Studios was founded in 2018, when luxury car-maker Bugatti approached Ben Hedley to see if he could recreate a 1920s Type 35 racing car at half-scale to mark its 110th anniversary.

In a statement issued in response to an enquiry from Sky News, the company said it had built and delivered more than 500 vehicles to clients in more than 60 countries in the last 17 months.

Hedley Studios manufactures its cars at three-quarters the size of the original model, with the resulting vehicles typically costing £75,000 or more.

Pic: Hedley Studios
Image:
Pic: Hedley Studios

“We’re thrilled to welcome Island Capital Group as a strategic partner in the next phase of Hedley Studios’ growth,” Mr Hedley said.

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“Its investment and belief in our vision mark a pivotal moment for the company as we accelerate our expansion and reach new global audiences.

Hedley Studios makes its cars in partnership with a range of luxury manufacturers, including Aston Martin, Bentley and Ferrari.

Andrew Farkas, founder, chairman and CEO of Island Capital, which initially backed Hedley Studios in 2023, said: “This latest investment is testament to the entrepreneurial spirit of Ben and his team in building a successful British luxury brand in a short period of time.

“Automotive enthusiasts globally are increasingly keen to honour these historic icons, bringing them to new audiences in a new, fully electric way.

“Our broader investment marks the beginning of a new chapter for Hedley Studios, reinforcing its position as a leader in the creation of luxury, driveable artworks, and Island Capital is excited to be part of that growth journey.”

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