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Digest: Dissecting the RIAA 2016 Year-End Report, Report Claims Safe Harbor Costs Industry $1B, Emoticast Raises $5M

Posted by Glen Sears | April 3, 2017 9:20 am | No Comments

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Top Music News Story

Five Takeaways From the RIAA’s Year-End Music Industry Report
When the RIAA released its revenue statistics for 2016 yesterday (March 30), the headlines were about the industry’s remarkable growth — U.S. recorded music sales grew 11.4 percent, bolstered by the strength of streaming. That’s the first double-digit growth since 1998. But a closer look at the numbers reveals a few other notable trends.

Read the full story on Billboard

Other Music News Highlights

With Streaming’s Explosion, Where Does the U.S. Music Business Go From Here? The question now is whether this nascent recovery will continue — and whether an industry dominated by streaming can eventually return to a level close to its 1999 revenue peak of $14.6 billion.

Streaming Subscription Revenue Rises 133% In Australia To Top $80M. The wholesale value of Australia’s recorded music market has risen for a second consecutive year as the growth in income generated from ad-funded streaming dramatically slows.

Report: Safe-Harbor Costs United States Music Business “Nearly $1B A Year.” “Using 2015 data, we find that that a plausible royalty rate increase could produce increased royalty revenues in the U.S. of $650 million to over one billion dollars a year,” claims the Phoenix Center report.

SoundExchange Is Distributing SiriusXm Settlement Funds For Pre-1972 Recordings. The distribution began in the Fall of last year, but “as we distribute these funds in the future, recording artists will notice a line item on their statements that identifies “Pre-72 Settlement” royalties,” SoundExchange said in a statement on Wednesday.

Emoticast Raises $5M As Sean Parker, will.i.am, David Guetta Back Mobile Music Messenger. Emoticast has global licenses with major label groups Universal Music and Warner Music; and major publishing groups, including Sony ATV, Warner Chappell, Universal, Sony BMG and PRS/Impel.

Paul McCartney Claims Sony Is Devaluing His Beatles Rights. His lawyer also tells a judge that without resolution to his attempt to reclaim rights, McCartney would be exposing himself — and others — to liability.

Pandora Under Pressure Even As Music Industry Warms To Westergren. Activist investors have come to view Pandora very differently from its users, with Corvex Management LP, which owns 8.8% of Pandora and may increase its stake to as high as 15%, pressuring Pandora to either get profitable quickly or sell.

Report: Apple Music Had 20% More Users Last Month Than Spotify or Pandora. 90 day free trials helped Apple Music amass 20% more unique monthly users in the U.S. in February than Spotify or Pandora, says a just-released study by Verto Index.

Native Instruments Buys Remix-Licensing Startup MetaPop. MetaPop recently announced that it had successfully licensed more than 20,000 bootleg remixes, with the company paying rightsholders 70% of the subsequent revenues; remixers 15%, and keeping a 15% cut for itself.

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