Digest: Facebook Is Hiring A Licensing Expert, YouTube Is Launching a TV Service, Global Music Revenue at 15-Year High
Posted by Glen Sears, Editorial Content Manager | March 6, 2017 9:09 am | No Comments
Top Music News Story
Facebook Is Hiring A Legal Music Licensing Boss
According to a freshly-posted job advert, the company is seeking a Legal Director of Music Licensing, based at its HQ in Menlo Park, California. “In this role, you will be responsible for solving cutting-edge licensing issues on a global scale, with an opportunity to help shape the future of music use on Facebook.”
It explains: “This position will partner closely with internal business counterparts in driving licensing negotiations, as well as coordinating with product, engineering, operations, finance and legal teams in support of the company’s evolving music licensing needs.”
Other Music News Highlights
YouTube to Launch Live TV Service. The new service will include content from all four broadcasters as well as some cable channels, all for $35 a month, the company announced Tuesday at an event for press and partners at YouTube Space LA.
Global Recorded Music Industry Reached $16.1bn In 2016. Discussing the numbers, MiDIA’s Mark Mulligan said: “The recorded music industry changed gear in 2016 and revenue looks set to be on an upward trajectory over the next few years.
SoundCloud Launches $4.99-A-Month Fully On-Demand Streaming Product. “SoundCloud Go answers the call from our users who want the ability to take the huge catalog of content found in SoundCloud’s free, ad-supported offering with them anytime, anywhere, without interruptions, at a very affordable price.”
Spotify Tops 50m Subscribers As Growth Rate Slows Down. It’s an impressive climb, and over double the latest equivalent figure from Apple Music – but actually represents a slowdown in subscriber growth percentage terms.
A Look At The 11 Startups Named To TechStar Music’s Inaugural Class. Bas Grasmayer of Music Tech Future takes a brief look at the eleven startups TechStar Music has inducted into their inaugural startup investment class.
RECAP: iHeartMedia Announces On-Demand Streaming, Publishing and Safe Harbors Take Center Stage in U.S. and E.U.
Posted by Glen Sears, Editorial Content Manager | September 26, 2016 9:04 am | No Comments
Our October 3rd newsletter mistakenly redirects to this page. You can find the entire “Major Record Labels Sue Over Ripping Audio Tracks from YouTube Videos” here.
iHeartMedia Announces Plans for Its Entry Into Paid Streaming
Story of the Week
Just a week after Pandora announced the relaunch of its mid-tier streaming product and rough timing for its forthcoming Spotify competitor, iHeartMedia has announced its own plans for the same, set for launch in January, 2017.
iHeartRadio Plus will be a similar product to Pandora Plus, described by the company as “enhancing the radio listening experience.” iHeartRadio All Access will be the company’s on-demand streaming service, set to compete directly with Spotify, Apple Music, Tidal, Rhapsody/Napster, Google Play, and forthcoming services from Pandora and Amazon.
It’s all good news for the record business, which saw significant growth this year for the first time in nearly 20 years thanks to the streaming. iHeart’s announcement is part of a “race to the middle” — offering listeners products at $4.99 per month instead of the now-standard $9.99 in order to capture revenue from more casual fans — and the result will likely be increased growth for the recording industry.
Top Music News Stories
Streaming Helps Drive 8.1 Percent Growth in Revenue for U.S. Recording Industry. The biggest growth, which will no doubt receive cheers from labels, was in paid subscriptions which saw the overall subscriber count rise to 18.3 million — double the 9.1 million subscribers counted in the middle of 2015.
Publishing Industry Praises BMI Consent-Decree Decision. “I don’t think even [the DOJ] would want two different rules applying to ASCAP and BMI; that would take an extraordinary level of hostility on their part to force that [dichotomy] on the marketplace.”
Europe Leads The Way With “Safe Harbor” Solution. Although safe harbor laws have done little to help law abiding citizens, and made it easy for conniving entrepreneurs to earn big while hiding DMCA laws, it seems Europe at least is leading the way with a solution to the safe harbor problem.
European Court Rules Wi-Fi Providers Can’t Be Punished For Piracy by Users. The ECJ was ruling on a 2010 German case, where Sony Music sought to hold a shop in Munich liable for some illegal file-sharing that took place via the free wi-fi it provided for its customers.
The Orchard Signs New Chinese Distribution Deal. The agreement will see The Orchard’s catalog made available on Chinese music services including Ali Music, Kugou, Kuwo, NetEase Cloud Music, QQ Music and Baidu Music – the latter of which Taihe merged with in December 2015.
Playlists Have Passed Album Listenership, Says New Study. Based on a May survey of 3,014 U.S. respondents, the report shows that playlists accounted for 31% of total listening time across all demographics, while albums accounted for only 22%.
Facebook Overestimated Key Video Metric for Two Years. Facebook disclosed in a post on its “Advertiser Help Center” that its metric for the average time users spent watching videos was artificially inflated because it was only factoring in video views of more than three seconds.
Our best wishes for a great week! – MediaNet
Posted by Glen Sears, Editorial Content Manager | April 18, 2016 9:44 am | No Comments
Story of the Week
IFPI 2016 Global Music Report: Digital Revenues Surpass Physical for the First Time
The global recorded music business reached an important tipping point in 2015: Digital services now account for 45 percent of recorded music revenue and outstripped physical revenue for the first time, according to numbers released Wednesday by the global trade body IFPI.
The global snapshot is equally positive. Low single-digit revenue growth was registered by North America (+1.4 percent) and Europe (+2.3 percent) while Asia improved 5.7 percent and Latin America rose 11.8 percent behind 80.4-percent growth in streaming revenue.
The most momentum happened with subscription services. Subscription revenue, excluding revenue from some services’ free tiers, jumped $58.9 million to $2 billion. The number of subscribers grew 66 percent to 68 million. The number of new subscribers, 27 million, was twice the 28-million subscriber gain in 2014 and over three times the growth in 2013.
Top Music News Stories
Analyst Mark Mulligan Dives Into IFPI’s GM2016 Report, Surfaces Surprising Takeaways. “Revenue was flat, downloads and physical are both still falling, streaming growth accelerated, ad supported revenue fell, and streaming ARPU is up but subscription ARPU is down.
War of Words: Labels and Trade Groups Target YouTube’s ‘Value Gap.’ Labels define this “value gap” as the difference between what YouTube actually pays and what they believe it should pay. Labels argue that safe harbor “distorts” the market by giving services leverage in negotiations.
SoundCloud and Sony/ATV Announce Licensing Deal in Europe. SoundCloud wants to take its GO paid subscription service global; and a new deal with Sony/ATV, who has had a deal with SoundCloud in the U.S. since the 2014 launch of its monetization efforts, extends the partnership to Europe.
The Launch Of SoundCloud Go Leaves Unanswered Questions. Nicole Daley, speaking about Soundcloud Go, says “although the service has interesting potential, there remain several unanswered questions regarding things like how artists will get paid, or how royalties are being calculated.”
Facebook Tackles ‘Freebooting’ With Rights Manager Tool. The social media giant has launched Rights Manager, an admin tool which is intended to curb the dubious practice where Business Pages and celebs can rip videos from elsewhere, repost the copyrighted content on Facebook and grow their brands while robbing the content creators of views.
CÜR Media Raises $2M To Pay Labels, Launch Streaming Service Aimed At Casual Music Fans. CÜR Media has announced the completion of $2 million in financing led by Intuitive Venture Partners and Katalyst Securities. CÜR Music, currently in public beta, is a streaming music service aimed at more casual music fans with tiers beginning at $1.99 per month after a 14-day free trial.
ASACP Sues 10 Venues That Refuse To Pay To Use Music. Over the past two years, and in many cases longer, ASCAP says it made numerous attempts to offer to license these venues and educate the owners about their obligations under federal law.
Our best wishes for a great week! – MediaNet
Posted by Glen Sears, Editorial Content Manager | July 6, 2015 9:34 am | No Comments
Story Of The Week
Facebook In Talks with Major Labels for Music Video Trial
Music videos are Facebook is looking to pull music video views away from YouTube as it pilots a new video platform. As Variety reported, the ad revenue split would mirror YouTube’s — 45 percent to Facebook, 55 percent to rights holders.
A source with knowledge of the talks told Billboard the social networking giant wants to conduct a test run through the end of this year, with selected music videos — chosen by the labels — being presented in the main news feed of users. Facebook is, of course, trying to siphon ad revenue away from Google by offering content creators its own native option.
Billions of videos are viewed online each day. Using social data gathered from its network, video-based ads on its site could prove more lucrative than YouTube ads. If so, it likely won’t take long before all the major and independent labels are on board.
Other Important Headlines
Apple Music Launches To Great Applause On Its First Day… The music streaming platform impresses with human-curated playlists, the Zane Lowe-headed Beats 1 radio station, and artist social connectivity. Read More
…And Then Is Quickly Judged Unimpressive By Many Pundits – Tech writers and industry alums generally point out Apple Music’s desire to be all things music as a flaw rather than a strength. “Subscription services have to make it braindead simple to discover new music and build or replicate a beloved collection.” Read More
UMG-backed Study Finds Recording Sales Would Be 17x Higher Without Piracy – Even with Apple Music’s launch and the success of music streaming overall, record company revenue is still a fraction of what it once was. The study found that a “Piracy D-Day” would lead to an explosive renewal of record sales if successful. Read More
U.S. Music Streaming Market Worth $2.7 Billion By 2019 – As physical and digital album and track sales are plummeting, the music streaming market is growing by leaps and bounds, reaching revenues of $799.0 million, equivalent to 73% of the market’s overall value. Read More
Prince Removes Music From Most On-Demand Streaming Services, Except TIDAL – Prince, an outspoken anti-streaming advocate, quietly removed his entire catalog from major streaming services, with one notable exception: TIDAL. It isn’t immediately clear why it (or Pandora) still carry his catalog. Read More
On Saturday June 27th, music lost one of its most provocative and pioneering bassists in Yes’ Chris Squire. He was a transformative player who redefined bass for a generation of players. He will be missed.
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