Posted by Glen Sears | January 3, 2017 9:50 am | No Comments
Top Story This Week
SoundExchange Could See Collected Revenue Shrink by $200 Million in 2017
According to sources with knowledge of the situation, a recent shift to direct licensing likely lead to slower growth in 2016 and a precipitous drop this year as collections could decrease by about $200 million, according to Billboard estimates.
The primary reason for this loss is that some of the major satellite, digital radio and cable music players have begun moving away from using a compulsory license for recorded music and are instead signing direct deals with record labels.
Other Music New Highlights
European Entertainment Stocks Mostly Down in 2016. European entertainment industry stocks are on track to mostly finish 2016 lower amid concerns about economic trends and advertising revenue momentum, as well as Britain’s decision to leave the European Union and individual challenges.
Apple Music Beats Spotify, Pandora To Rank 9th In Mobile Usage, Says Nielsen. Despite heavy iOS focus and status as a paid subscription service, with 20 million paid users, about two-thirds of the app’s overall 68.4 million 2016 users accessed the app’s limited free offerings.
Alibaba Set to Invest $7.2 Billion on Entertainment Content. The unit’s new CEO Yu Yongfu said that the company planned to invest heavily in content, adding that he “didn’t come to play,” according to an internal memo seen by Reuters and confirmed by a company spokesperson.
RIAA Exec Q&A: 2017 Will be a “Critical Year” for Music Law. “While litigation can be an important tool, it often takes a long time and the results are unclear,” says Steve Marks. “Solutions between business and industry partners can clear a path through thorny legal issues.”
SoundCloud Touts Music Discovery, Creator Updates In Year End Report. SoundCloud is touting improvements in both music discovery and tools for creators in its year-end wrap up—2016 was the year that the music streamer finally added a paid subscription service and began paying more, but not all, creators.
Our best wishes for a great week! – MediaNet
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