Music News Recap: Pandora Signs With ASCAP/BMI, Songkick Sues Ticketmaster, Soundcloud & PRS Bury The Hatchet
Posted by Glen Sears | December 28, 2015 9:56 am | No Comments
Story of the Week
Pandora Signs Landmark Licensing Agreements With ASCAP And BMI, Drops Rate Court Appeal
After scoring direct licensing deals with many of the world’s biggest music publishing companies, Pandora has cut its most important deals yet – separate multi-year licensing agreements with both ASCAP and BMI.
Pandora announced the signing of two separate multi-year licensing agreements for the combined million track catalogs on ASCAP and BMI, the world’s largest Performance Rights Organizations. Pandora has also agreed to withdraw its appeal of the May 2015 order in the BMI rate case.
While the specific terms of both multi-year agreements remain confidential, both sides call the deal “an innovative approach to public performance licensing.” According to a joint statement, “it allows both ASCAP and BMI to further their goal of delivering improved performance royalties for their songwriters and publishers, while Pandora will benefit from greater rate certainty and the ability to add new flexibility to the company’s product offering over time.”
The public performance royalties Pandora also pays to rights holders of master recordings are not affected by this agreement.
Read more on Hypebot: http://bit.ly/1SiOKKR
Top Music News
Songkick Sues Live Nation and Ticketmaster for Antitrust
Songkick alleges in its 68-page complaint that Live Nation and Ticketmaster undertook a concerted effort to hamper its business and that the two companies employed their vastly dominant positions in the live event and ticketing industries to do so.
SoundCloud and PRS Reach Licensing Agreement, Legal Action Off
PRS For Music and SoundCloud have reached a multi-territory licensing agreement, which brings an end to the litigation that was launched by the UK publishing sector’s collecting society against the streaming service earlier this year.
The Beatles Launch Digital Catalog on 9 Music Streaming Services
The Fab Four are adding their back catalogue to streaming services after almost a decade of holding out. The services are: Spotify, Apple Music, Slacker, Tidal, Microsoft’s Groove, Rhapsody, Deezer, Google Play, and Amazon’s Prime Music.
A2IM Interim President Molly Neuman Named Kickstarter’s First Head of Music
Neuman, who temporarily took the reins of the American Association of Independent Music following Rich Bengloff’s departure this past summer, is joining Kickstarter as the company’s first head of music. In a statement on her departure, Neuman indicates her replacement will be sourced from inside A2IM.
Apple Is Reportedly Developing a Hi-Res Audio Format
A report in the Japanese blog Macotakara has sparked rumors that Apple is preparing to release a new audio format that has more than twice the sound quality of a CD. The blog cites “several insiders familiar with Apple” as saying that the company “has been developing hi-res audio streaming up to 96kHz/24-bit.”
SoundExchange Sat on Fewer Unclaimed Royalties at End of 2014
With a significant webcasting rate hike coming in 2016, the music industry might be wondering about the efficiency and effectiveness of SoundExchange. The information from its breakdown of its 2014 year-end account balances shows the organization has continued to improve how it collects and pays out royalties.
Spotify Announces Database to Properly Manage Royalties
Against a backdrop of controversy over not properly licensing songs or paying publishing royalties to music publishers and songwriters, Spotify’s global head of publisher relations James Duffett-Smith writes that the company “will invest in the resources and technical expertise to build a comprehensive publishing administration system to solve this problem.”
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