MediaNet

MediaNet Blog

PRS for Music Sues Soundcloud, and SFXE on the Brink of Bankruptcy [Soundcheck]

Posted by Glen Sears | August 31, 2015 11:06 am | No Comments

soundcloud prs lawsuit

Story of the Week

PRS Music Sues Soundcloud After “5 Years Of Unsuccessful Negotiations.”
Read More: http://bit.ly/1KXvSJU
“Dear Member,

After careful consideration, and following five years of unsuccessful negotiations, we now find ourselves in a situation where we have no alternative but to commence legal proceedings against the online music service SoundCloud.

When a writer or publisher becomes a member of the Performing Right Society, they assign certain rights to their works over for us to administer, so it’s our job to ensure we collect and distribute royalties due to them. SoundCloud actively promotes and shares music. Launched in 2008, the service now has more than 175m unique listeners per month. Unfortunately, the organisation continues to deny it needs a PRS for Music licence for its existing service available in the UK and Europe, meaning it is not remunerating our members when their music is streamed by the SoundCloud platform…

…The streaming market cannot fairly develop unless this happens. We have always been pro-licensing and pro-actively work with organisations in order to propose an appropriate licensing solution for the use of our members’ works.

We remain hopeful that this matter can be resolved without the need for extended litigation. Members will appreciate that this is now a legal matter and our ability to communicate around it is therefore limited by the legal process. However, we will try to share information and updates whenever we can.”

Other Important Headlines

SFX Entertainment Is Trading Below $1, Suffering Multiple Downgrades, In Debt, and Running Out of Cash – The embattled EDM company has been in a freefall since CEO Robert Sillerman failed to follow through on his plan to take the company private. Read More

Neil Young Wants a Business Leader to Take Pono Forward – “We have no proven business leader at the head of our company, but the search continues for one who could do it to our liking and understand what our goal is and how big it is.” Read More

Spotify Apologizes for Confusion Over New Privacy Terms – Daniel Ek apologized publicly after an updated privacy policy allowed them access to a user’s location, photos, and more. “We should have done a better job in communicating what these policies mean and how any information you choose to share will – and will not – be used.” Read More

Apple Music Executive Ian Rogers Resigned – Rogers was in charge of Apple Music’s online radio services, which includes the new Beats One Radio. He is reportedly moving to the UK to work for an unnamed technology company. Read More

Follow MediaNet! – Facebook | Twitter | LinkedIn | Medium

Have questions about how Medianet can help your digital music business? Ask us here. Want a topic or insight published on this blog? Ask us here. Other questions or comments? Let us know!

No Comments

No comments yet.

Sorry, the comment form is closed at this time.

The MediaNet Blog

Insights, News, Announcements, and Updates on MediaNet and the ever-changing world of music, technology, industry, and law.

Get Weekly Music News Updates Directly To Your Inbox!

Recent posts

SoundCloud Rescued and Installs New CEO, TIDAL Names New CEO Too, Amazon Eyes U.S. Ticketing
August 14, 2017
SoundCloud Speculation Continues, Apple Courting Indian Music Company, Sony Music Has Huge Q1
August 7, 2017
SoundCloud May Have New Equity Deals, YouTube Red Merging with Google Play, SESAC Strikes U.S. Radio Deal
July 31, 2017

Archive

Categories

Powered by WordPress