Digest: Big Players Back dotBlockchain, ESPN Reaches Licensing Settlement, Sprint Reveals TIDAL Details
Posted by Glen Sears, Editorial Content Manager | February 6, 2017 9:38 am | No Comments
Top Story Last Week
SOCAN, CD Baby, SongTrust And FUGA Back DotBlockchain
The dotBlockchain Music Project (dotBC), which aims to solve data, rights, ownership and payment issues in the music industry, has won backing from SOCAN and subsidiary MediaNet, plus Songtrust, CDBaby and FUGA. The partners will contribute technical and financial resources to the project, which will allow dotBC to accelerate its product development efforts.
Other Music News Highlights
ESPN Reaches Settlement in Music Licensing Dispute. The deal resolves a rate-setting proceeding that ESPN initiated a year ago when it sued BMI for allegedly not being reasonable in licensing negotiations.
Netflix Taps BMG for Music Publishing Rights Outside U.S. The exclusive agreement covers elements such as scores, featured songs, transition cues and themes for all Netflix-owned original programming, including TV series, docs and feature films.
Canada’s SOCAN Announces 8 Percent Growth in Revenue, Huge Jump in Streaming. “SOCAN’s work to lead the global transformation of music rights continues, benefitting music creators and publishers even more in terms of royalties identified, collected, and distributed in Canada and worldwide,” said CEO Eric Baptiste, in a statement.
Why Did Sprint Pay $200m For TIDAL? Now we know: because Sprint Corporation CEO Raul Marcelo Claure is using TIDAL as a “test case” to see if exclusive content can help close the gap on rivals like AT&T.
SoundExchange Pays Out Record $884 Million. The record comes amid uncertainty over how SoundExchange revenue will be affected by an increasing number of direct deals between digital broadcaster and rightsholders.
Report Claims Spotify IPO Could Slip Back To 2018. TechCrunch heard from multiple sources that the company is weighing a plan to delay an IPO until 2018 to build up a better balance sheet and work on shifting its business model to improve its margins.
Nielsen Completes Acquisition of Gracenote. With the deal, Nielsen significantly expands its footprint for data measurement via Gracenote’s global database and technology solutions that spans across multichannel video programming distributors, smart televisions, streaming music services, connected devices, media players and in-car infotainment systems.
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