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Industry News Recap: MIDiA’s 2017 Predictions, APRA Boosts U.S. Presence, Ticket Bots Under Fire from Congress

Posted by Glen Sears, Editorial Content Manager | December 19, 2016 10:00 am | No Comments

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MIDiA Research Predictions 2017: The Year Of The Platform

Story of the Week
“2016 was the year that video ate the world. 2017 will be the year of the platform, the year in which the tech majors will fight for pre-eminence in the digital economy, competing for consumer attention through formatting and distribution wars. Companies that are already using mobile Operating Systems to achieve global reach will take the next step, creating Mobile Life Ecosystems that both break out of the app silo walls and straddle them.

Facebook, Amazon, Tencent, Microsoft, Apple and Google/Alphabet will be the main players. 2015 was about parking tanks on each other’s front lawns, in 2016 shots were fired, 2017 will be all-out war. Artificial Intelligence (AI) and voice assistance will be key battlegrounds and indeed will form the glue of Mobile Life Ecosystems.”

Read a summary of MIDiA’s 2017 Predictions here

Top Music News

APRA Boosts U.S. Presence, Unveils Simplified Licensing System. The joint-venture development, announced Thursday (Dec. 15), follows the introduction of OneMusic NZ three years ago, a project which was “warmly welcomed” by licensees, APRA and PPCA note in a joint statement.

iHeartMedia Chooses to Pay Its Lenders Over Itself as Debt Continues. On Friday, $250 million “legacy notes” came calling, $57.1 million of which iHeart owes to its own subsidiary, Clear Channel Holdings, Inc—but, in an SEC filing, the company says it will only be paying outside creditors the $192.9 million it owes them.

President Obama Signs “Better Online Ticket Sales (BOTS) Act of 2016.” The U.S. Congress has passed and President Obama has signed a bill that outlaws all ticket bots, computer programs that enable ticket brokers to bulk purchase concert and event tickets, raising average ticket costs for millions of fans.

FCC Boss Tom Wheeler Resigns. With a Trump presidency looming, and the dismantling of net neutrality a seeming inevitability, Tom Wheeler, the boss of the FCC and long time defender of net neutrality, recently announced his resignation.

Spotify’s Acquisition Of SoundCloud Looks Like It’s Off. A source told TechCrunch that the company ultimately walked away because it feared that an acquisition could negatively impact its IPO preparation.

New SoundCloud Deal Protects DJ Mixes — But Not All of Them. “As a creator driven platform, we respect all creators, and therefore we respect the rights of all creators who request to have their content removed,” a new blog post on the Soundcloud site clarifies earlier remarks by Soundcloud Co-Founder Eric Wahlforss.

Snapchat Users Can Shazam Songs Without Leaving the Messaging App. Holding down anywhere on the camera screen within Snapchat will prompt Shazam to identify music playing nearby, launching a pop-up box that will allow users to retrieve more info, including lyrics, preview the audio, play a Vevo clip, or share.

Our best wishes for a great week! – MediaNet

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Industry News Recap: YouTube Spars With IFPI Over $1B Royalties, Sony Unifying Arms, Pandora goes Premium

Posted by Glen Sears, Editorial Content Manager | December 12, 2016 9:28 am | No Comments

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YouTube Reports $1 Billion Paid to Recording Industry Through Advertising This Year

Story of the Week
After a year of sustained and withering criticism from the recorded music industry — and one day after Lyor Cohen began as its global head of music — YouTube has announced a topline stat intended as a strong defense of its business model and its contributions to the global recording industry.

In a blog post this morning YouTube’s Chief Business Officer Robert Kyncl writes that “in the last 12 months, YouTube has paid out over $1 billion to the music industry from advertising alone.” (Google itself reported ad revenue of $19.8 billion in the third quarter.) In a study released earlier this year, Statista found that 63 percent of Americans had listened to music on the platform at some point.

Read the full story on Billboard.

Top Music News

IFPI Hits Back At YouTube Over $1bn Payouts Claim. “Google has today issued more unexplained numbers on what it claims YouTube pays the music industry. The announcement gives little reason to celebrate, however…YouTube is generating revenues of just over $1 per user for the entire year. This pales in comparison to the revenue generated by other services…For example, in 2015 Spotify alone paid record labels some $2 billion, equivalent to an estimated $18 per user.”

YouTube Strikes Settlement Deal Over Unpaid Royalties with NMPA. The dollar amount of the settlement were not disclosed — a press release on the news says “millions of dollars in previously unclaimed music royalties” — music publisher sources had previously speculated to Billboard that it could land in the same range as the $30 million payout by Spotify.

Sony Eyes Unification Of Record, Publishing Arms. Sony Corp. is considering a major reorganization, and the recorded music division Sony Music Group and music publisher Sony/ATV possibly would unite in a division separate from film and gaming.

Global Music Publishing Royalties By The Numbers. Glenn Peoples comments on the International Confederation of Societies of Authors and Composers recently-issued report which has shed some light on the world of music publishing, with free on-demand services once again being targeted.

Apple Music Reaches 20M Subscribers, Adding 1M A Month. Apple is enjoying the fruits of this growth too: the company recently said its music revenue was up 22% in the third quarter thanks to Apple Music, with services a bright spot for the company amid declining hardware sales.

Pandora Reveals Its Spotify Competitor, Pandora Premium. After a just under a year of re-engineering Rdio, the well-liked streaming service it purchased last December for $75 million, and the launch of a mid-tier subscription service in September, Pandora has pulled the curtain off of its all-you-can-eat streaming service, called Pandora Premium, expected to be released in the first quarter of next year.

Australian Creators Launch Campaign Against Proposed Copyright Reform. “At a time when copyright is working in practice as it should, and just when the culturally-rich and economically vital business of music is getting back on its feet, it’s difficult to fathom why measures such as those relating to safe harbour expansion or so-called ‘fair use’ should be contemplated by government”.

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RECAP: Pandora Reportedly Open To SiriusXM Deal, IFPI “Investing In Music” Report, Startups Closing Big Funding

Posted by Glen Sears, Editorial Content Manager | December 5, 2016 9:26 am | No Comments

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Pandora Shares Spike on Report It’s Open to SiriusXM Deal Talks

Story of the Week
Shares of music-streaming provider Pandora shot up as much as 17% Friday, after CNBC reported the company was open to discussing a sale to satellite-radio service SiriusXM.

Following the CNBC report, Reuters reported that Pandora is not undertaking any new effort to find a buyer, citing an anonymous source. That’s consistent with what Pandora execs said earlier this year, after a New York Times report in February that the company was seeking to sell itself.

According to the CNBC, Pandora has “expressed a willingness to engage” in deal talks with “longtime suitor” SiriusXM, which is majority-owned by John Malone’s Liberty Media. The potential talks between the companies were in “the first inning of the process,” per the report, citing unidentified sources.

Read the full story on Variety

Top Music News Stories

SiriusXM Must Pay Up To $99M In Flo & Eddie Class Action Settlement. The settlement guarantees $25 million payment vs. a 5.5% license for 10 years, which is worth between $45.47 million to $59.2 million, assuming the satelitte streamer plays the other class members at the same play rate as they have in the past.

Record Label A&R Spend Grew By $300m Last Year According to IFPI Report. The figure, along with many others, comes from a new IFPI report “Investing In Music,” co-signed by both the majors and worldwide independent label group WIN.

iHeart Launches Napster-Powered Subscription Service. “Ten times more Americans listen to radio every month than use a subscription service – so the debut of iHeartRadio Plus and iHeartRadio All Access powered by Napster is a unique opportunity to capture these non-music subscribers with an on-demand service built around radio.”

Dubsmash Adds $9.6 Million For Viral Music Video Lip-Sync App. The Berlin-based Dubsmash added $9.6 million in series B funding to expand its viral music video lip-sync app, after having previously raised $6 million.

Music Tech Startup Soundstr Closes $1.1M In Seed Financing. Soundstr’s patent-pending technology offers tracking data to the manner in which venues and businesses pay for the use of music, and songwriters receive royalties.

Warner Music Boss Reportedly Involved In Bid For Publisher Time, Inc. According to sources cited by the New York Post, the trio were offering $18 per share to acquire the media firm, which is a 30% premium on the price the company’s shares were trading at last week.

How Technology Is Powering The Music Industry…In Figures. Midem Blog presents various year-end statistics about the intersection of music and technology, including the massive number of users on QQ Music, “China’s Spotify.”

Our best wishes for a great week! – MediaNet

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