Bud Light parent company’s stock downgraded by HSBC amid branding ‘crisis,’ huge sales drop

FAN Editor

HSBC has downgraded Anheuser-Busch InBev stock to hold amid a “crisis” following Bud Light’s marketing campaign featuring transgender activist Dylan Mulvaney. Carlos Laboy, managing director at HSBC’s global beverage sector, told CNBC that there are “deeper problems than ABI admits” after the social media partnership with Mulvaney in April. “Is […]

Spotify removes AI-generated songs from platform

FAN Editor

Spotify says it has removed AI-generated music made by Boomy from its platform and ensured that any streams for this content have been excluded from royalty calculations. It’s part of its ongoing effort to protect artists. “Artificial streaming is a longstanding, industry-wide issue that Spotify is working to stamp out […]