Welcome back to What I’m Hearing+, your Tuesday dose of entertainment industry intelligence. I’m still marveling at today’s Paramount town hall, in which the three co-C.E.O.s we’re still not calling the Pep Boys attempted to calm employee nerves while also acknowledging that owner Shari Redstone—not present, of course—is furiously trying to sell the company (I’m told the Edgar Bronfman Jr. group begins due diligence on National Amusements this week), thousands of them will soon be fired, and they’ve hired bankers to offload “certain Paramount-owned assets.” How about dignity? Is that still a Paramount-owned asset?

Anyway, Eriq Gardner is here today with a tale of financial woes and a secret legal battle at Arnon Milchan’s New Regency, plus much more. Take it away, Eriq…

• A.I. killed the radio star: The major record labels have filed their first big copyright lawsuits over the use of music to train A.I. models (see here and here). Given their late race to the courtroom and openness to machine learning—conditioned upon receiving licensing fees, of course—I’m betting on...