View in browser   PRESENTED BY INSTAGRAM   Axios PM By Mike Allen · Nov 27, 2023 👋 Good Monday afternoon. Today's PM — edited by Noah Bressner — is 588 words, a 2-min. read. Thanks to Sheryl Miller for the copy edit. 🌍 Axios is heading to Dubai for COP28. We'll host a full lineup of events featuring interviews with Microsoft chief sustainability officer Melanie Nakagawa, Citi chief sustainability officer Val Smith and former Vice President Al Gore. Register here for Axios House events.     1 big thing: Shadow music industry Illustration: Maura Losch/Axios   Daryl Hall's lawsuit against John Oates could pull back the curtain on the secretive and booming music rights market, Axios' Dan Primack and Tim Baysinger write. Why it matters: The growth of streaming music — coupled with the increase in licensing opportunities in TV shows, movies and video games — is increasing the value of holding song rights and making them attractive investments. Catch up quick: Instead of licensing copyrights for a set amount of time, many artists are selling them outright to the highest bidder. The benefit for the buyer depends on the deal. But investment firms view music rights as stable assets that likely won't depreciate. 🎸 State of play: Years ago, Hall and Oates sold part of their catalog. Now it appears that Oates recently agreed to sell at least some of his remaining rights. Hall has long bemoaned the original deal and — under seal — sued to stop a new sale. The judge lifted some of it and said more information soon could be publicly disclosed. That's of particular interest, given how little we typically learn about these music rights deals. 🔎 Zoom in: Money is flowing back into the industry after a yearlong dry spell and some financial trouble around Hipgnosis, one of its biggest players. Last week, Broadcast Music Inc. — a major holder of music rights — was sold in a deal that could be worth $1.7 billion, according to industry trade outlet Music Business Worldwide. Morgan Stanley is partnering with a large music publishing company to spend $700 million to acquire song copyrights. Katy Perry sold catalog rights to five of her albums for $225 million. Share this story … Get Axios Pro Rata.         2. ⚡Fighting pause extended Israeli soldiers stand on a tank near the Gaza border in southern Israel last week. Photo: Amir Cohen/Reuters Hamas released a fourth group of hostages hours after Israel and Hamas agreed to extend the pause in the fighting in Gaza by two days, Axios' Barak Ravid writes. The released hostages included nine Israeli children and two women. The extension will allow for the release of at least 20 more Israeli hostages. Israel will also allow more aid trucks into Gaza and release three Palestinian prisoners for every additional hostage released. Get the latest.         A MESSAGE FROM INSTAGRAM Parents should be able to decide which apps are right for their teens     Apps can teach teens skills or ignite their creativity. But with access to so many apps, parents should have a say in which ones their teens download. That’s why Instagram wants to work with Congress to require parental approval wherever teens under 16 download apps. Learn more.     3. Catch me up Photo: Government Press Office of Israel via Getty Images 1. Elon Musk visited a kibbutz in southern Israel that was attacked by Hamas on Oct. 7. He has come under fire in recent weeks for endorsing an antisemitic post on X. More from Axios' Ivana Saric. 2. Yesterday was the busiest day in history for U.S. airports. The TSA screened just over 2.9 million passengers at the end of the holiday weekend, an agency record. More from Axios' April Rubin. 3. A 48-year-old man was charged with three counts of attempted murder in the shooting of three college students of Palestinian descent in Burlington, Vermont, Axios' Shauneen Miranda and Rebecca Falconer write. "While we are waiting for more facts, we know this: There is absolutely no place for violence or hate in America," President Biden said.         4. 🎄White House unveils decorations Candy and sweets decorate the ceiling between the East Wing and the residence. Photo: Paige Hopkins/Axios First Lady Jill Biden unveiled the White House's holiday decor today, which took 300 volunteers a full week to install, Axios' Paige Hopkins writes. The display includes 98 Christmas trees, over 33,800 ornaments and more than 142,400 lights. More pics.         A MESSAGE FROM INSTAGRAM New federal legislation will give parents a say in teen app downloads     Giving parents a say in which apps are right for their teens helps them support their teens in having a positive experience online. That’s why Instagram wants to work with Congress to require parental approval wherever teens under 16 download apps. Learn more.