MediaNet Blog

Digest: Spotify Close To Major Label Deals, Budging on Windowing, UMG Partners For VR Experiences

Posted by Glen Sears | March 20, 2017 9:30 am | No Comments

spotify-video

Top Music News Story

Spotify To Sign New Licensing Deals With Major Labels ‘Within Weeks’?
The Financial Times is reporting optimistic news: it says that “licensing talks have picked up considerably” between the Spotify and Universal Music Group – and even that “deals [with the major labels] could be inked within weeks.”

According to the FT’s sources, Spotify has changed stance on one crucial point: finally agreeing to allow blockbuster album releases to be ‘windowed’ on its premium tier.

Read the full story on Music Business Worldwide.

Other Music News Highlights

Spotify Softens Stance on Windowing New Music In Exchange For Lower Royalty Rates. The concession, which Spotify has long resisted, would reportedly be in exchange for the labels agreeing to reduced royalty fees for songs — the proposed deals are seen as a crucial step as Spotify tries to clear the path for an IPO in 2018.

Drake Has Reportedly Generated More Than $50m On Spotify. A spokesperson said: “Drake continues to break Spotify records, including his own, and is now the number one streamed artist and the first to reach over 10 billion streams.

Universal Inks Deal With MelodyVR For ‘Revolutionary Music VR Experiences.’ MelodyVR says it will be creating experiences with UMG artists including sell-out concerts, live performances, immersive music videos and intimate behind-the-scenes content.

Chance The Rapper Says Apple Music Paid $500,000 For 2 Week “Coloring Book” Exclusive. “I just wanna remain transparent, folks out there without a deal need to know they’re doing everything right just keep at it…I think (an) artist can gain a lot from the streaming wars as long as they remain in control of their own product.”

Pandora Not For Sale, Will Be Profitable This Year, Says Pandora CEO As Stock Falls. Pandora founder and CEO Tom Westergren made some bold claims during a CNBC appearance Monday — Wall Street seemed unimpressed, pushing the stock -6.3% to $11.60 by midday Tuesday.

Performance Rights in Pre-1972 Sound Recordings Kicked to California Supreme Court. The development is the latest in a high-stakes showdown that’s been unraveling since Flo & Eddie of The Turtles brought class actions against Sirius XM and Pandora for broadcasting hits like “Happy Together.”

Ticketmaster Expands ‘Verified Fan’ Program To Combat Bots, Ticket Scalping. Ticketmaster’s Verified Fan uses a combination of expert systems and customer data such as purchasing history in an effort to identify fans purchasing tickets and cut down on automated ticket buying systems or bots.

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

Spotify and Sony Reach Deal, Amazon Music Grows, Facebook Reveals Music Plans
July 17, 2017
Soundcloud Has A Really Bad Week, Apple and Deezer Show Interest, Concord Grabs ex-Warner Catalog
July 10, 2017
Pandora CEO May Be Stepping Down, Apple Music Wants Lower Royalty Payments, TuneCore Nears $1B Revenue
June 26, 2017

Archive

Categories

Powered by WordPress