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Music Industry Moves: Ryan Tedder Inks Publishing Deal With His Own Runner Music
Vermillio, an AI licensing and protection platform, has secured $16 million in series A funding from Sony Music and DNS Capital.
With this new investment, Vermillio has promised to protect the creative rights of talent, record labels and studios as generative artificial intelligence continues to evolve, changing the dynamic of artistic consent, credit and compensation. Last year, Vermillio announced a partnership with talent agency WME to shield their clients from IP theft and deliver opportunities to monetize their name, image and likeness (NIL) by securely licensing their data. Alongside Sony Music and Legacy Recordings, Vermillio then collaborated with The Orb and David Gilmour of Pink Floyd to develop a project where fans “remixed” their album and created original artwork.
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