KPop Demon Hunters has shattered records once again. After becoming the most-watched film in Netflix history, standout track “Golden” went on to top the Billboard Hot 100 chart (for three weeks so far). As a film centered around K-pop, this is more than just a box-office milestone; it’s a landmark in the history of the genre itself.

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So why has this film resonated so strongly? This can be understood in the same context as K-pop’s global popularity. Throughout its evolution, K-pop has consistently maintained a balance between music, performance and choreography. Performance videos have become almost mandatory alongside K-pop music videos, and every comeback promotion is accompanied by a dance challenge. K-pop is never just the music — it is the music with performance. In the same way, K-Pop Demon Hunters immersed audiences in the visual thrill of choreography fused with music, proving once again the unique power of K-pop performance.

Early in the film, the entrance of HUNTR/X with their track “How It’s Done” shows them skydiving from a plane — an unreal premise matched with daring choreography that instantly pulls viewers into these new characters. Meanwhile, Saja Boys’ “Soda Pop” became a hidden driving force behind the film’s popularity, with its choreography gaining momentum as K-pop idols successively joined the challenge.

Billboard Korea sat down with Lee Jung — choreographer and dancer from THE BLACK LABEL — who created the moves for both “How It’s Done” and “Soda Pop.” Radiating conviction with every word, she said: “The more I dance, the more certain I feel. I really love the phrase ‘Choreography by me’ — it makes me feel alive.” Through conversation with Lee, we gained insight into her global view as a choreographer born in Korea and witnessed the remarkable dedication of creators that sheds light on why K-pop is cherished worldwide.

You mentioned that you were deeply impressed from the very first meeting with the production team.

So much so that the feeling lingered with me for days. At that first meeting, everyone passionately explained why they wanted to make this film, why they needed me, and what they hoped to convey. The energy in their eyes was undeniable. Maybe it’s an optimistic way to think, but I believe when creators speak about their work with that kind of spark, the result can’t help but be great. The moment I heard them, I thought, “I have to do this, and it’s definitely going to succeed.”

Did that conviction grow as the project went on?

Absolutely. After several meetings, I received the music — and it was incredible. That only made my certainty stronger. To work with visionaries was already a blessing, but to have such quality music as the foundation for my choreography… every moment felt like happiness, and it reaffirmed my belief: When someone has that kind of conviction in their dreams, they can’t help but succeed.

The animation format seems to have unlocked even greater imagination in “How It’s Done.”

I remember the meeting vividly. The team told me, with bright eyes, “Imagine the members skydiving from a plane and landing in the concert venue.” In that moment, I felt like I wanted to become someone without limits. The most important part of any stage is how you appear, and with HUNTR/X literally leaping from the sky, the entire scene was already complete in my mind. That’s why the choreography came out more explosive and daring than usual. It wasn’t just adding intensity — it was channeling my full energy and imagination into movements that felt like flying. Even now, recalling it gives me goosebumps.

What was the biggest lesson you took away from a project with so many creators involved?

The countless hours of motion capture across the U.S., the repeatedly refined choreography and music, the character design and storyline — every piece contained someone’s hard work. So many people truly staked everything on this project. I was just one small part, and it was only possible because everyone’s energy came together. Watching that process made me want to someday be the kind of person who can pass along that same energy to others.

You once said: “Street Woman Fighter was the 20-year-old Lee Jung, LISA’s ‘Money’ was the 25-year-old Lee Jung.” By that measure, what does KPop Demon Hunters represent for you?

It’s the three-year accumulation of who I am now. Even though the clip is less than a minute long, it contains all my training, experiences and growth compressed into it. For me, it’s more than just choreography — it’s a record of pride and time itself. And one more thing: Animation is a medium that becomes a lasting memory for someone’s childhood. The fact that K-pop was chosen as its subject shows just how far its influence has grown.

On Mnet’s World of Street Woman Fighter, your choreography for Saweetie’s mission especially stood out when you emphasized the “K-pop sensibility.” In your view, what defines K-pop’s distinctive style?

When the global teams watching our choreography during the mission said, “This really feels like K-pop,” that’s when it hit me: K-pop has truly become a genre of its own. Of course, it’s not easy to logically define the characteristics of a genre — but that’s the nature of art. If someone can recognize it at a glance and say, “That feels like K-pop,” I believe that’s enough. If I may carefully add one more thought, I think what creates that unique sensibility is our “ethnicity.” The linguistic and cultural traits unique to Koreans, along with our rapid pace of development, have all come together to shape K-pop into a genre that resonates globally. In that sense, I feel an immense sense of pride as a Korean.

In K-pop, where visual performance is crucial, what makes for good choreography?

For me, the standard is simple: Good choreography is just really good choreography. It might sound vague, but it’s also the hardest standard to meet. Each year, we must satisfy countless viewers — and if the result elevates the song itself, that’s enough. A good routine must connect seamlessly to the song’s message, communicate intuitively, and still bring something fresh. Striking that balance is difficult, but it’s the choreographer’s task every season.

What do you think makes your choreography distinctive?

I honestly think my work is… tasty. [Laughs] It’s not a lofty phrase, but it captures what I strive for. I always push myself to the point where I feel, “I couldn’t possibly make this better.” When an artist performs my routine and it reaches that undeniable peak, that’s my goal.

Among your past works, which project remains most memorable?

LISA ’s “Money.” It kept the essence of K-pop choreography while breaking molds and trying something new. When I have conviction, choreography comes quickly — and this one I finished in a single day. For me, it reached that level of “no one could do it better.” Thankfully, many agreed, and it earned me the best choreographer award at the 2021 MAMA. Since it was my first win, it remains especially meaningful. And of course, LISA performed it brilliantly.

You’ve said collaborating with various K-pop artists inspires you as a dancer.

Yes. These are people whose jobs involve dance, yet they approach it with such sincerity and passion — sometimes even more than I do. I’ve always seen myself as someone who never slacks, but their energy sometimes astonishes me. In those moments, I realize, “Compromise will never be part of my life.” That drives me to keep pushing forward.

When working with artists with such strong identities, how do you communicate?

I always start by asking what message the song wants to convey. Then I ask the artist how they want to express it. If direct conversation isn’t possible, I check through their company. “How do you want to present this track?” That’s the starting point. I build my interpretation on top of that. Ultimately, the key is finding the shared common ground between the artist, the songwriter, and myself. Once we find it, the choreography comes alive on its own.

Your scope of activity keeps expanding. How would you define yourself now?

I don’t want to be confined by definitions. I’d rather not limit myself to a single word. My biggest question now is: How far can I go with dance? That keeps me excited about my future. I believe I can go beyond even what I imagine.

From your position within K-pop, why do you think the world loves it so much?

One word: conviction. Every artist I’ve worked with had immense self-belief. They have clear visions, never settle, and keep reaching for more. When such people gather, fans can feel that conviction and energy too. That’s why K-pop keeps growing — and why Korean culture has no reason to stop evolving.

You lived in the U.S. during middle school. How has K-pop’s presence changed since then?

It’s incomparable. Back then, it was the time of “Gangnam Style” — a massive global craze. Yet I still had to explain to people who the artist was, where they were from and what K-pop meant. Now? Not at all. When you say “K-pop” or “Korea,”  no explanation is needed. “K” itself has become a brand.

Which global pop artist would you most like to collaborate with on choreography?

BTS. I believe BTS have transcended being just a K-pop group to become something even greater. Collaborating with international artists would of course be meaningful, but when we talk about global music, there’s really no reason to exclude K-pop from the conversation. BTS are the ones who have preserved the identity of K-pop while simultaneously expanding its presence on the global stage. Since I also want to be a creator who proves that K-pop is global, I especially hope to create a stage with them one day.

And what’s next for you?

I’ll always go beyond what anyone imagines of me. [Laughs]

When she was growing up, Jo Na-In — a dancer and choreographer on the hit Netflix animated film KPop Demon Hunters — followed a friend to her first dance academy and was labeled a “klutz,” but through relentless effort, she managed to gain admission to Seoul Performing Arts High School’s Practical Dance department. In 2020, she joined the world-renowned dance crew Just Jerk and boldly dropped out of school to enter the professional world when she was only 17 years old.

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The following year, Jo Nain appeared on Street Dance Girls Fighter (SuGirlPa), a spin-off of the wildly popular Korean dance variety show Street Woman Fighter, and led the crew TURNS to victory. She was recognized as the best female high school dancer in Korea, and Vogue Korea named her among “The 24 people leading the changes of the era.”

With such an early start building an exceptional career as a dancer, she is not only a superb performer, but also a capable choreographer. Even before participating in SuGirlPa, Jo Na-In stood out by contributing to NMIXX’s “DICE” choreography, and in 2022 alone, she produced choreo for a number of K-pop girl groups who define the genre, including ITZY’s “SNEAKERS” (and two other tracks),  TWICE’s “Talk that Talk” and STAYC’s “I LIKE IT.”

Recently, her touch extended to performances for rookie girl groups who drew attention right after their debut, such as ILLIT, Hearts2Hearts and BABYMONSTER

She has also worked on conceptually choreographing for performance-focused artists like SHINee KEY’s “Hunter” and NCT TEN’s “BAMBOLA.” 

“In the last three years alone, I’ve created more than 150 choreographies,” she says. When asked what fuels her endless creativity, she points to a fierce drive to win rather than talent. 

Moreover, Jo Na-In has been a passionate K-pop listener since elementary school, famously a fan of BTSJung Kook. During SuGirlPa, Jung Kook personally named her YouTube channel Have A Good NAIN, a moment that gave her great encouragement.

This year, her career has leapt once again. KPop Demon Hunters, for which she co-produced two tracks, gained worldwide love as soon as it was released on Netflix. Three teams — K Tigers, The Black Label’s Lee Jung and Jam Republic’s Jo Na-In — were involved in the choreography, and among them Jo Na-In worked on “Golden” and “Takedown.” In particular, “Golden” has emerged as one of the most beloved soundtrack songs and recently topped the Billboard Hot 100 U.S. songs chart, marking a historic milestone in K-pop history. “For a dancer, Billboard is typically a distant chart, but the moment my choreography achieved that level of success on Billboard, I was both stunned and thrilled.”

Having sprinted toward that moment, Jo Na-In’s future looks even brighter. Through her, we glimpse why K-pop is loved all around the world, and the shining dedication and passion of young creators beyond that. Here is the one-on-one interview Billboard Korea had with her.

How did you join the KPop Demon Hunters project? 

Sony Pictures Animation suggested the project to my agency Jam Republic, and during that process the head of my agency recommended me. It feels like they trusted my career and handed it to me. At first, there were many aspects shrouded in secrecy, which left me full of questions. Still, since it’s animation, I was excited that I could unfold the choreography even more broadly.

What was your first impression of the song “Golden”?

Most of all, I was struck by its size and grandeur. It felt like a scene echoing in a large venue. And above all, I thought the music was really good. The part we needed to create was about 30 seconds, but I felt compelled to choreograph more than that. For a choreographer, that immersion in the creative process is a truly important element. As a result, the production time was relatively short, since the music was so good.

In terms of choreography, what aspects did you emphasize in the creation? 

Since three members of HUNTR/X were going to perform on a big stage, my first concern was how to deliver an emotional impact. So the “Golden” choreography was designed to express emotions more dramatically and intuitively than a typical K-pop performance. Also, because it’s realized through animation, I made the movements bigger and more expansive, and I paid close attention to details like facial expressions and fingertips to ensure they come across well onscreen.

“Golden” eventually reached No. 1 on the Billboard Hot 100.

I still can’t quite believe it. I can vividly remember the atmosphere in the practice room while I was choreographing the “Golden” routine. At that time, I just wanted to have fun doing what I wanted to do, and it’s amazing that that result ended up a Billboard No. 1. It feels like proof that joyfully created work can resonate with people.

Among the 30-second choreography in “Golden,” is there a point you personally feel you did really well?  

I’d say the intro. The usual K-pop formula is for all members to stand in the same spot and start together, but in “Golden,” the point was Rumi opening with a solo performance. I wanted to highlight the protagonist of the story. People around me said that part was memorable, and I personally agree.

Was there a funny episode during the motion-capture shoot?

The shoot ended way faster than I expected. [Laughs] The Sony Pictures Animation crew had been setting things up, and while they went out to grab coffee for the cast, the filming wrapped up. I tend to be someone who wants to be perfectly prepared, and since I don’t think I’m naturally talented, I push myself to prepare more and work hard.

Worldwide, K-pop is more loved than ever. What do you think is the reason for that? 

K-pop is music that’s great for shared experiences. It’s not just about singing; multiple members perform onstage together, and fans naturally form one community. The process of many people coming together to create a shared resonance is a major appeal, and that’s why more people are getting deeply into it.

What does Jo Na-In think are the defining features of K-pop choreography? 

The choreography needs to feature several standout moments. These days, many signature moves can especially become dance challenges. However, I tend to avoid choreography that focuses solely on challenges. I think it’s important to express the music with the body in a way that’s easy to remember and that anyone can imitate. Rather than just making things harder or highlighting only the signature moves, I aim for choreography that is more conscious of the music.

Beyond K-pop, is there a pop artist you’d like to collaborate with on choreography?

Lady Gaga, definitely. After watching her “Abracadabra” performance, I felt a renewed, strong resonance with her artistry. I’d love to choreograph for her, creating a piece that blends theatricality, bold dynamics, and fashion-driven movement. I’d draw on her stage persona across different performances, crafting choreography that crosses genres and evolves with the music, while collaborating closely through practice and live footage to capture her fearless, multidimensional artistry. Gaga’s ability to transcend genres is endlessly inspiring to me.

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Dua Lipa is starring in a dramatic campaign film for YSL set to a surprising cover, with Lipa tackling “Think” by the late legend Aretha Franklin.

The campaign, titled “Free at Heart,” dropped last month and focuses on YSL’s best-selling Libre Eau de Parfum fragrance, with Lipa as the face. The resulting film is dramatic and powerful, shot between the hustle and bustle of the city and the stillness of Chile’s Atacama Desert.

Lipa’s cover of Franklin’s track — a top 10 hit on the Billboard Hot 100 in 1968 — is a haunting and stripped-down version that starts slow before evolving into a cacophony of powerful runs and a backtrack that is meant to evoke a liberated feeling — unscripted, untamed and unapologetic. The campaign’s message is clear: Libre women are free at heart. Lipa has been the face of YSL’s Libre fragrance since it launched in 2019.

Dua Lipa Covers Aretha Franklin in YSL Libre Eau de Parfum Short Film

YSL Libre Eau de Parfum 3.04 OZ

An orange blossom and lavendar fragrance.


Dua Lipa Covers Aretha Franklin in YSL Libre Eau de Parfum Short Film

YSL Libre Eau de Parfum Refill

A refill bottle of Libre Eau de Parfum.


YSL’s Libre Eau de Parfum is a floral fragrance with notes of orange blossom from Morocco and French lavender. You’ve also got a deep and earthy musk accord in there that gives the fragrance depth. It’s warm and sweet — a bold choice for those looking to up the ante on their florals. It’s an edgier floral, one that doesn’t read powdery or grandma-esque. You can snag a bottle of this Lipa-backed perfume right now at Sephora or Ulta Beauty. A 3.04-ounce bottle will run you $180, but you can also get a travel size, 0.33-ounce bottle for $37.

With the launch of this campaign, note that the iconic perfume is now refillable. The refill costs $152 and comes with 3.4 ounces (100 mL) of product. YSL’s Libre fragrance line also includes Libre Eau de Parfum Intense, Libre Flowers & Flames Eau de Parfum, Libre Le Parfum and Libre L’eau Nue.

If you want to try out the O.G. fragrance, as it compares to the Intense version, both Sephora and Ulta Beauty have a mini duo for just $40. In case you were wondering, the difference lies in the top notes. Libre Intense is much warmer than the original, thanks to notes of vanilla and tonka bean. Since both are Eau de Parfums, they should last on the skin for six to eight hours. The duo would make a great gift for those looking to dip their toes into the expansive world of luxury fragrance, without having to shell out tons of money on a full bottle.

Dua Lipa Covers Aretha Franklin in YSL Libre Eau de Parfum Short Film

YSL Libre Eau de Parfum Mini Duo Set

A set of YSL’s Libre Eau de Parfum and Libre Eau de Parfum Intense.


Watch the YSL Libre Eau de Parfum Campaign Film Here

Dua Lipa is currently on her Radical Optimism Tour, which kicks off its U.S. leg Friday night (Sept. 5) with two stops in Chicago.

Longtime artist manager Derek Bruner has launched the new management company Verity Artist Management after 12 years with First Company Management.

Verity Artist Management, based in Franklin, Tenn., has launched with clients including Contemporary Christian Music artists Rhett Walker, Cochren and Co., MacKenzie Phillips, Holly Halliwell and 7eventh Time Down, who all join from First Company.

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Bruner says he decided to launch the new company in June, telling Billboard, “I spoke to some of the artists I worked with, and they were like, ‘Yeah, we’d love to come with you. We love working with you,’ so it’s been an honor and joy to start this.”

Bruner notes that the company is gearing up to add day-to-day staff.

“I’m definitely looking to expand, but also looking to do this in the right way, take care of what I have, [and] be a good shepherd to these artists,” Bruner says.

Cochren & Co., which is signed with Gotee Records, has notched Billboard Christian Airplay chart hits including “Running Home” and “Money Can’t Buy,” while Walker, signed to BEC Recordings, has earned Christian Airplay hits including “Gospel Song” and “When Mercy Found Me.” Bruner has managed 7eventh Time Down (known for songs such as “God Is on the Move”) for nearly 20 years, even prior to his work with First Company. The Gotee Records-signed Phillips recently released the song “Kindness of Your Heart,” while Halliwell released the new song “Salt.”

“Derek Bruner has always been able to be five steps ahead of what’s trending, looking ahead and helping to push his artists’ platforms,” Walker told Billboard in a statement. “I’m excited to see him be able to chase his passions, full speed, with his new company and the lanes it will open up for his artists.”

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“I’ve watched Derek Bruner lead with integrity and vision for years, and Verity Artists is the natural next step of that,” added Mikey Howard of 7eventh Time Down. “This company isn’t just about managing artists — it’s about believing in them, standing for truth, and building something that lasts. I couldn’t be more excited to see Verity Artists shine a light in this industry.” 

Cochren & Co. said in a statement, “I first met Derek when I was an opener at a show near my hometown in Indiana. Over the past several years I’ve seen firsthand his integrity, knowledge, and hard work in this industry. I’m excited to work with him in this new season.”

Bruner moved to Nashville in 1997 and has worked in areas including radio promotion, artist management and touring, with roles as tour manager and front of house for the group Jump5; booking agent at Vanguard Entertainment; and radio promotion/A&R for Slanted Records/Spring Hill Music Group. He previously launched the management company Caliber Group. For the past dozen years, Bruner worked in management at First Company Management, which was founded by music executive Wes Campbell in 1995 and is known for its work with CCM group Newsboys, among others.


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The 2025-26 NFL season is finally here, and the Kansas City Chiefs and Los Angeles Chargers are kicking things off in a heated AFC West divisional game in São Paulo, Brazil. Patrick Mahomes, the newly engaged Travis Kelce and the rest of Chief Kingdom look to bounce back after their Super Bowl LIX loss to the Philadelphia Eagles last year. Their season opener will take place at Corinthians Arena in São Paulo, with kick-off happening at 8:15 p.m. ET.

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Luckily for NFL fans and Swifties looking to root on their favorite “gym teacher,” the game will stream live, totally free, on YouTube (it will also stream on YouTube TV), as well as on the NFL Network via DirecTV. Here’s how to tune in to the first NFL Brazil game of the season.

Here’s How to Watch the Chiefs vs Charges Game Online

The Chiefs and Chargers game will broadcast live on YouTube as well as on the NFL Network. For cord-cutters, you can gain access to NFL Network through DirecTV. If you don’t have cable, and if you want to watch for free, DirecTV has a five-day free trial, so you can watch the Chiefs vs. Chargers game for free online.

A subscription to DirecTV — which comes with CBS, ESPN, Fox, NBC, ABC and NFL Network — gets you access to live TV, local and cable channels, starting at $49.99 for the first month $84.99 per month afterwards. The service even offers a five-day free trial to watch for free, if you sign up now.

You can watch local networks such as PBS, while you can watch many cable networks, including Lifetime, FX, AMC, A&E, Bravo, BET, MTV, Paramount Network, Cartoon Network, VH1, Fuse, CNN, Food Network, CNBC and many others.

This week, Billboard’s New Music Latin roundup and playlist — curated by Billboard Latin and Billboard Español editors — features fresh new music, including fresh picks by Milo J, a second collaboration by Grupo Firme and Grupo Frontera, and a new collaborative effort by Ela Taubert and Jay Wheeler, to name a few.

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Argentine artist and rapper Milo J stunned with the first cut of his upcoming album, La Vida Era Más Corta, called “Bajo de la Piel.” The song that progressively laces tango with folk music, and is powered by Milo’s powerful deep vocals, is about the invisible marks left over time, inherited memories, and the search for identity.

Moreover, Colombian band Monsieur Periné invented a whole new word for its new song, “Aguaráchate.” Coined by lead vocalist, Catalina García, the upbeat and feel-good song blends a Colombian guaracha beat with bombastic instruments like the trombone, tuba and accordion. “I invented this word as a way to make music my game again, the game I want to play to laugh, one without rigid rules, where joy is the only rule,” García said in a press statement.

Other new releases this week include music from Sech, Pedro Fernández, and Juan Gabriel, who dropped his album Eterno posthumously. In last week’s poll, Lenier and Costa Azule’s “Maquillaje” won with more than 90% of the vote. Which release this week do you think is best? Give these new releases a spin and vote for your favorite new Latin music release below:

Editor’s Note: The results of the weekly New Music Latin poll will be posted if the poll generates more than 1,000 votes. This poll closes at 7:30 a.m. ET on Monday, Sept. 8.

Key Glock takes Billboard behind the scenes of creating the music video for his new song “She Ready.” He shares why he chose ‘Love Island USA’ star JaNa Craig to be in the video, what vibe he was going for in the clip and more!

Have you watched the “She Ready” music video? Let us know in the comments!

Tasha Smith:

Hello. So you’re Glock. Are you coming to see my baby?

Key Glock:

Yeah. She ready? 

Tasha Smith:

Yeah. She ready. 

Key Glock:

Yo, yo, yo. What’s up Billboard, this Key Glock and this is and me giving you all access. What’s it like working with Hidji? I ain’t gonna lie it was easy. It was smooth. It was one of the easiest videos I ever shot. It was like, I already knew Hidji. I didn’t even look at him, like, no director or nothing like that, like, the homeboy, you know? So I just wanted to, kind of like bring that early 2000s vibe back, you know, with the video vixens or whatever, what they like to call it. It definitely remind me of, you know, turnt up auntie from the neighborhood turnt up, you know, good vibe though, just outspoken. Amazing made it perfectly. That’s a good question. You want to know, you want to know, you want to know. I did that because it’s so many. It’s so many, like beautiful chocolate women in the world. I just want to shed light on them a little more. That’s all. There’s a slight bit of Queen and Slim, not too much. Just no picture references. At first, I was thinking 70s, 80s vibe, but I was like, Man, I’m a 90s baby. I might as well go 90s, 2000s. 

Keep watching for more!

Artificial intelligence firm Anthropic will pay $1.5 billion to settle a lawsuit filed by authors who accused the company of illegally using their books to train its AI models, a “landmark” agreement that could influence numerous other pending cases over the new technology.

In court filings on Friday (Sept. 5), attorneys for both sides disclosed the terms of an agreement first announced last week. They said the payout, if approved by a federal judge, would be the largest ever from a copyright lawsuit: “This result is nothing short of remarkable.”

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The settlement came as major music companies litigate their own infringement suits against AI firms, including one against Anthropic. Such cases, filed by media companies and artists across the creative spectrum, raise make-or-break issues for the booming industry.

AI models like Anthropic’s Claude are “trained” by ingesting millions of earlier works, teaching the machine to spit out new ones. Amid the meteoric rise of the new technology, dozens of lawsuits have been filed in federal court over that process, arguing that AI companies are violating copyrights on a massive scale.

In the current case, filed as a class action by three book authors, a judge ruled this summer that Anthropic merely using existing works to train an AI model was legal under copyright’s “fair use” defense — an important victory for AI companies. But he also found that Claude had been trained with more than seven million pirated books downloaded illegally, and that using those books amounted to infringement.

That ruling, which could have resulted in more than $1 trillion in damages, quickly pushed Anthropic to settle. Under the terms disclosed Friday, Anthorpic will pay $1.5 billion to the authors of more than 500,000 books. It also requires the company to delete the books it acquired illegally and only releases it from past liability.

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While the settlement is far less than the maximum that could have been awarded at trial, attorneys for the authors stressed in Friday’s filings that it avoids the risk that Anthropic could have prevailed on its defenses or later overturned the case on appeal.

“Given the very real risk that plaintiffs and the class recover nothing — or a far lower amount — this landmark $1.5 billion+ settlement is a resounding victory for the Class,” the class lawyers wrote.

The lawyers who litigated the case will get a cut of the deal. In Friday’s filings, they did not say how much they would request, but said it could reach as high as 25 percent — meaning $375 million.

One practical impact of the settlement is that the authors will not file an appeal challenging the judge’s ruling this summer that declared AI training a “fair use” — a major victory for Anthropic and other AI companies that will no doubt cite that ruling in their future filings.

“In June, the District Court issued a landmark ruling on AI development and copyright law, finding that Anthropic’s approach to training AI models constitutes fair use,” Aparna Sridhar, Anthropic’s deputy general counsel, said in a statement Friday. “Today’s settlement, if approved, will resolve the plaintiffs’ remaining legacy claims. We remain committed to developing safe AI systems that help people and organizations extend their capabilities, advance scientific discovery, and solve complex problems.”

Mark Volman, a founding member of the ’60s pop-rock group The Turtles, has died at age 78.

In a statement shared on Facebook, Volman’s lawyer Evan Cohen shared a statement confirming that the singer had died. “I am sorry to report that my long-time friend and client, Mark Volman of The Turtles and Flo & Eddie (and a couple of years in the Mothers of Invention), has died at the age of 78,” he wrote. “Mark and bandmate Howard Kaylan stepped up and set an example for decades, standing up for the rights of musicians in various legal actions, which had a great impact on the progression of the law in several different areas (including sampling, and the eventual protection of 60s recordings under the Music Modernization Act).”

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In 2020, Volman confirmed in an interview with People that he had been diagnosed with Lewy body dementia, and opened up about how he was living with the disease. “I got hit by the knowledge that this was going to create a whole new part of my life,” he said at the time. “And I said, ‘OK, whatever’s going to happen will happen, but I’ll go as far as I can.’”

Alongside fellow band founder Howard Kaylan, Volman helped lead The Turtles through a prosperous career in the late 1960s, where the band released a number of hits. Over the course of the band’s career, they notched 17 career entries on the Billboard Hot 100 and earned five top 10 hits.

“Happy Together,” widely considered to be the band’s signature song, was their sole No. 1 hit on the chart, spending three weeks at the summit in 1967. The band famously earned their first chart entry with a rock cover of Bob Dylan’s “It Ain’t Me Babe,” which also went on to be their first top 10 hit after it peaked at No. 8 on the chart in 1965.

The post-COVID boom in demand for music has been a financial boon for the industry. Some, however, have benefited more than others.  

Stock returns over the last three years (the period ended Aug. 29) show that a trio of music streaming companies, some K-pop agencies and a few live music companies have taken a majority of the spoils. Spotify, Tencent Music Entertainment (TME) and NetEase Cloud Music have given investors an average return on investment of 408% over that period. Meanwhile, South Korea’s SM Entertainment’s 105.3% gain — coming entirely in the last 12 months — makes it the only other company to exceed a 100% return. In addition, as fans clamored for live music and sidelined artists resumed touring, concert promoters Live Nation and CTS Eventim gained 85.8% and 50.5%, respectively.  

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Three years ago, Spotify was in a rut. Its stock price, which had exploded in 2020 and 2021 from pandemic-era subscriber growth and enthusiasm about its growing podcast business, had lost about two-thirds of its value in the previous 12 months. Investors who piled into white-hot streaming stocks during COVID-19 lockdowns wanted profitability, not just growth. Music streaming, which had been criticized for decades as financially untenable, would have to do better.  

Spotify reacted accordingly. It laid off approximately a quarter of its workforce from 2023 to 2024 and started to treat its prices, which had remained essentially unchanged since the company’s launch in the late ‘00s, as a strategic tool rather than a sacred cow. The combination of lower expenses and higher prices quickly boosted the company’s financials. From 2023 to 2024, gross profit margin jumped from 25.6% to 30.1% and the company’s 446 million euro ($483 million) operating loss turned into a 1.37 billion euro ($1.48 billion) operating profit. 

Today, the Stockholm-based company has proven that the long-maligned music streaming business model can work. An investor who put $1,000 in Spotify stock on Sept. 2, 2022, would have had approximately $6,350 three years later — an eye-watering 553.5% return that makes Spotify the top-performing music stock over the last three years. The company’s market capitalization has grown by $118 billion to nearly $140 billion — an increase worth more than the No. 2, No. 3 and No. 4 music companies’ combined market capitalizations.

Two Chinese streaming companies have also had notable gains: TME is up 384.8% and NetEase Cloud Music has increased 287.0%. Like Spotify, both companies were also in a funk in 2022. After hitting an all-time high of $28.84 in January 2021, TME fell to a low of $3.14 in October 2022. Cloud Music had a lighter fall, dipping from 205.80 HKD ($26.48) after its December 2021 IPO to 59.20 HKD ($7.56) by April 2022.  

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The Chinese companies faced unique problems before recovering mightily. In 2020, the Chinese government, seeking to improve competition and regain control over fast-growing markets, started cracking down on tech companies with the cancellation of Ant Group’s IPO and an investigation into e-commerce giant Alibaba. In 2021, TME was forced to give up exclusive licensing agreements with record labels, and in 2023, TME and Cloud Music were compelled to eliminate live streaming features that could be used for gambling. Investors didn’t stay away forever, though. The Chinese government’s interventions have subsided, and both TME and Cloud Music have posted strong revenue and subscriber growth in recent years.  

While all multi-sector companies — those that combine recorded music, publishing and other artist-centered businesses — have made gains in the last three years, South Korea’s K-pop companies have fared exceptionally well. In addition to SM Entertainment’s 108% three-year gain, YG Entertainment gained 74% and HYBE gained 70%. JYP Entertainment managed a 19% improvement.  

K-pop companies handily beat the two standalone major music companies. Universal Music Group and Warner Music Group gained 25.8% and 24.5%, respectively. Reservoir Media, the smallest of the multi-sector companies, gained 19.2%.  

The other public music companies’ stocks had losses over the last three years. The separation between gains and losses says a lot about which types of companies are reaping the rewards in today’s digital and concert-driven music business. The larger music streamers fared better than the smaller ones. Radio companies fared worse than the streamers. The more established live events companies outperformed the upstarts.  

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Sphere Entertainment Co. is down 14.4%, although it recovered well after a sharp drop in 2022. (MSG Entertainment doesn’t have a three-year return because it was spun off from Sphere Entertainment in 2023; MSGE shares have gained 31.2% over the last two years.) While Sphere Entertainment has fared poorly for a live music company, its dependence on the upstart Sphere venue in Las Vegas makes it a more speculative, long-term play than MSGE, Live Nation and CTS Eventim.   

The smaller music streaming companies fared far worse than the three large streamers that took the top three in the rankings. LiveOne lost 45.0%, Deezer fell 69.4% and Anghami plummeted 88.2%.  

The Nasdaq composite, an index of the tech-heavy stock exchange, rose 81.8% over the three-year period. The S&P 500, an index of the 500 leading public companies traded in the U.S., rose 64.6%.  

Foreign indexes had smaller gains: the U.K.’s FTSE 100 grew 26.2%. South Korea’s KOSPI composite index rose 32.2%. China’s Shanghai Composite Index rose 21.1%.  


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