Digest: Radio Royalty Battles Restart in Congress, SoundExchange Audits DSPs, Apple Moves iTunes to Ireland
Posted by Glen Sears, Editorial Content Manager | January 30, 2017 9:29 am | No Comments
Top Story This Week
SoundExchange Issues Audit Notices for Many Digital Music Services
Federal Register notices have recently been issued to audit certain companies in various music spaces, including satellite radio, webcasters, broadcasters who stream, and business establishment services. While notices of these audits are public, the results are not. All that is publicly known is that a number of services will have to deal with SoundExchange’s auditors, who under CRB rules must be Certified Public Accountants.
Other Music News Highlights
Radio Royalties Battle Lines Being Drawn With New Congress. According to the NAB, 115 members of Congress have signed the non-binding resolution, dubbed the Local Radio Freedom Act, which resists efforts by labels to gather royalty payments for radio play.
Apple Moving International iTunes Business to Ireland. Apple announced its intentions to move its iTunes business to Ireland in September when it transferred an estimated $9 billion of iTunes assets.
Sony/ATV Music Publishing Saw Revenues Grow 10% Last Year. While it’s true that Sony/ATV’s core UK company – Sony/ATV Music Publishing Ltd – saw revenues of £53m (+10.3%) in its last fiscal year, along with operating profits of £2.26m (-15.2%), further calculations give a fuller picture of the publisher’s commercial performance.
Sony International Boss Edgar Berger Exits After 12 Years. News of Berger’s exit comes in the same month we learned that Sony Entertainment CEO Michael Lynton – the figure ultimately responsible for Sony Music and Sony Pictures – is also out, leaving to focus on his role as Chairman of Snap Inc’s board.
Russia Permanently Blocks DailyMotion, Citing Copyright Law. The Moscow city court ruled that DailyMotion had repeatedly violated Russia’s copyright law by hosting shows from Russian TV network Pyatnitsya!, owned by Gazprom’s TV arm Gazprom Media.
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