Latest news with #Facebook-parent
Time of India
5 days ago
- Business
- Time of India
Popular rapper Eminem sues Facebook-parent Meta for $109 million, here's why
Eminem takes Mark Zuckerberg's Meta to court. Grammy-winning rapper Eminem has filed a lawsuit of $109 million against Facebook-parent Meta accusing it of copyright infringement. The lawsuit, filed by Eminem's music publishing company, Eight Mile Style, accuses Meta of the "unauthorised storage, reproduction, and exploitation" of 243 of Eminem's songs across its per the court documents seen by People, Eight Mile Style alleges that Meta's in-app features, such as "Original Audio" and "Reels Remix," have actively encouraged and allowed users to incorporate Eminem's music into their video content without proper licensing or attribution. The lawsuit further claims that this has led to rapper's songs being used in millions of videos and streamed billions of times, resulting in diminished value of the copyrights and lost profits for the publisher. Eminem vs Meta: Unauthorised use of music As reported by People, the lawsuit alleges that Meta has allowed its users to store, reproduce and exploit Eminem's songs through features like Original Audio and Reels Remix, which enable users to incorporate music into their content without proper attribution or licensing. Eight Mile Style is seeking statutory damages of $150,000 per song, per platform (Facebook, Instagram, and WhatsApp), which could accumulate to the total sum exceeding $109 million. The publisher has also requested a jury trial and a permanent injunction to prevent Meta from future unauthorised use of Eminem's music. What Meta said on the lawsuit Meta has not yet issued a public comment directly on the lawsuit. However, a company by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo spokesperson told People that the company has licenses with thousands of partners around the world and the company has also been negotiating with Eight Mile Style. 'Meta has licenses with thousands of partners around the world and an extensive global licensing program for music on its platforms. Meta had been negotiating in good faith with Eight Mile Style, but rather than continue those discussions, Eight Mile Style chose to sue,' said Meta spokesperson. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
6 days ago
- Business
- Yahoo
S&P 500 Nuclear Stocks Receive Price Target Hikes Following 20-Year Meta Deal
Several S&P 500 nuclear energy stocks received price target hikes following Tuesday's announcement that Constellation Energy signed a 20-year energy deal to fuel Facebook-parent Meta Platform's "AI ambitions." Bank of America analysts early Wednesday raised their price target on S&P 500 nuclear utilities play Vistra to 193, up from its previous 167.
TimesLIVE
23-05-2025
- Business
- TimesLIVE
Apple plans smart glasses launch in 2026: Bloomberg
Apple plans to release smart glasses at the end of next year, Bloomberg News reported on Thursday, in the iPhone maker's latest push to diversify its product lineup and boost demand for its artificial intelligence devices. Apple will start producing large quantities of prototypes of the devices at the end of this year with overseas suppliers, the report said, citing people with knowledge of the matter. Apple did not immediately respond to a Reuters request for comment. The company's push into facewear comes after its Vision Pro headset saw lukewarm reception from the public due to its hefty price tag and lack of AI features. Apple's new glasses will compete with Facebook-parent Meta's Ray-Ban smart glasses, which have become popular with consumers.
The Hindu
23-05-2025
- Business
- The Hindu
Apple plans smart glasses launch in 2026: Report
Apple plans to release smart glasses at the end of next year, Bloomberg News reported on Thursday, in the iPhone maker's latest push to diversify its product lineup and boost demand for its artificial intelligence devices. Apple will start producing large quantities of prototypes of the devices at the end of this year with overseas suppliers, the report said, citing people with knowledge of the matter. Apple did not immediately respond to a Reuters request for comment. The company's push into facewear comes after its Vision Pro headset saw lukewarm reception from the public due to its hefty price tag and lack of AI features. Apple's new glasses will compete with Facebook-parent Meta's Ray-Ban smart glasses, which have become popular with consumers. Apple also shelved plans for a smartwatch that can analyze its surroundings with a built-in camera, the report said. The company had actively been working to release a camera-equipped Apple Watch by 2027, but that work was shut down, the report added.
The Star
22-05-2025
- Business
- The Star
Apple plans smart glasses launch in 2026, Bloomberg News reports
FILE PHOTO: An Apple logo is pictured in an Apple store in Paris, France, March 6, 2024. REUTERS/Gonzalo Fuentes/File Photo (Reuters) -Apple plans to release smart glasses at the end of next year, Bloomberg News reported on Thursday, in the iPhone maker's latest push to diversify its product lineup and boost demand for its artificial intelligence devices. Apple will start producing large quantities of prototypes of the devices at the end of this year with overseas suppliers, the report said, citing people with knowledge of the matter. Apple did not immediately respond to a Reuters request for comment. The company's push into facewear comes after its Vision Pro headset saw lukewarm reception from the public due to its hefty price tag and lack of AI features. Apple's new glasses will compete with Facebook-parent Meta's Ray-Ban smart glasses, which have become popular with consumers. Apple also shelved plans for a smartwatch that can analyze its surroundings with a built-in camera, the report said. The company had actively been working to release a camera-equipped Apple Watch by 2027, but that work was shut down, the report added. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Alan Barona)
