MediaNet

MediaNet Blog

Digest: SoundExchange Revenue To Drop in 2017, Alibaba Investing $7.2 Billion in Entertainment

Posted by Glen Sears | January 3, 2017 9:50 am | No Comments

stock-money-bag-billboard-650

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.

Read the full story on Billboard

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

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.

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