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RECAP: New Streaming Research Drops, Dubset Opens to NMPA Members, Rhapsody Launches VR

Posted by Glen Sears | May 23, 2016 9:16 am | No Comments

Electric-Jukebox-Infographic-4-700x364

Story of the Week

New Research Claims Streaming ‘Black Hole’ Beyond Millennials
A new survey of British consumers suggests that people older than 35 may be being “left out in the cold” by music-streaming services. And while there’s a caveat here – the research was commissioned by Electric Jukebox, which is launching a streaming service aimed at exactly that demographic – YouGov’s 2,000-person survey still throws up some talking points.

The study claims that 16% of millennials – defined as 14-34 year-olds in this case – have music-streaming subscriptions, compared to 6% of Generation X consumers (35-55 year-olds) and 3% of Baby Boomers (over-55s). “Our research finds the older you are, the less likely you are to stream music and that if you’re over 35 you’re very unlikely to be a subscriber,” said CEO Rob Lewis.

Read the full story on Music Ally.

Top Music News Stories

Dubset/NMPA Deal Means New Income For Indie Artists, Publishers. Just weeks after groundbreaking deals with Apple Music and SoundCloud, Dubset has extended its MixBANK monetization platform to indie songrwriters and publishers that belong to the National Music Publishers’ Association.

SoundCloud Says Reports of DJ Mixes Being Pulled Are Wrong. Despite a report claiming the platform would be pulling down this type of content frequently in the wake of its deals with Universal Music Group and Sony Music, the company tells Billboard that “the story has no truth to it.”

YouTube Adopting New Tool For Faster, More Accurate Royalty Payments. It looks as though the service will soon be implementing a new data standardization tool which will help artists get clearer information regarding views and payments, as well as providing more accurate and efficient royalty accounting.

Pandora’s Biggest Shareholder Urges Sale of Company. In a cage-rattling letter to Pandora’s board of directors, Keith Meister said that Cortex now owns 9.9 percent and urged the streaming company to curb plans to diversify beyond ad-supported radio and explore a sale.

Is Terrestrial Radio Facing Its Judgment Day With Fierce Digital Competition? During a panel discussion at the Worldwide Radio Summit in Los Angeles on April 15, the moderator asked veteran programmer Jim McGuinn, formerly of modern-rock station WPLY (Y100) Philadelphia, why FM was no longer relevant to listeners in their 20s.

Rhapsody/Napster Launches First Virtual Reality Music App. At launch, Rhapsody VR features live performances of Talib Kweli performing his classic “Get By” and Flatbush Zombies performing “Bath Salt” and “Bounce.” There are also performances by The Blind Shake, Low Cut Connie, Sweet Spirit, Eli “Paperboy” Reed and Shannon and The Clams.

Universal Music Appeals Ruling Against VKontakte. Universal was one of the three international majors that filed a lawsuit against VKontake over copyright infringement back in 2014. The others, Sony Music and Warner Music Group, have since signed agreements with the social network.

Our best wishes for a great week! – MediaNet

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RECAP: David Lowery Motion Claims Songwriters Being “Misled”, TIDAL Gets Beyonce Exclusive, UMG Wins Big

Posted by Glen Sears | April 25, 2016 10:38 am | No Comments

lowery

Story of the Week

David Lowery Files Motion To Stop Spotify, NMPA From “Misleading” Songwriters
Songwriters are being “misled” by being encouraged to sign onto a settlement it made with the National Music Publishers Association, according to a motion filed by attorneys representing David Lowery, who is suing the music streamer for use of his songs without a license.

The NMPA and Spotify had reached a settlement for music publishers and songwriters to receive royalties for “unmatched” compositions used on Spotify in the U.S. from a $25 million fund. In addition to identifying the rightful recipients of the royalties, the agreement establishes a bonus compensation fund reported to add $5 million to the settlement.

According to the filings, Lowery’s team alleges that Spotify is misleading songwriters to encourage them to sign the NMPA brokered agreement. They are demanding copies of all communications between Spotify, publishers and songwriters related to the deal, along with additional payments for damages.

Read more on Hypebot.

Top Music News Stories

$84M Class Action Suit Filed Against Kanye West, Jay Z Over Tidal Album Release. A fan of Kanye West fan is suing the star and and the streaming music service Tidal saying that the falsely lured users into subscriptions based on the promise that it would be the exclusive outlet for his latest album, “The Life Of Pablo.”

Beyoncé Releases Surprise Album ‘Lemonade,’ Will Stream Exclusively On TIDAL Forever. Saturday night Beyoncé became the latest superstar TIDAL artist-owner to release their new album exclusively on the platform, following Kanye West and Rhianna–the much anticipated 12 track album sent fans into a frenzy on social media.

Universal Wins Big Ruling in Copyright Lawsuit Over In-Flight Music. Universal Music and Capitol Records have navigated the complexities of international air travel to score a summary judgment ruling that when it gets to a jury next month to decide damages, could be worth hundreds of millions of dollars.

“Compulsory Licenses Must Require Display Of Songwriter Credits.” Chris Castle argues that the U.S. government should require that digital music services provide proper attribution to songwriters when compulsory licenses relating to said artist are obtained.

Facebook Launches Its Version Of Content ID. Following complaints from content creators that their YouTube videos have been appearing on Facebook after being posted without the creator’s consent, the social network has released its own version of YouTube’s fabled Content ID.

YouTube Defends Content ID Following Music Labels’ Criticism. It represents the latest front in the war of words between YouTube and the music industry at a time when the service is preparing to negotiate new licensing deals – and also when reviews of safe-harbour legislation are underway on both sides of the Atlantic.

‘Alibaba Planet’ is China’s Latest Music Platform. “Music fans can use their smartphones to follow their favourite stars, participate in fan activities, purchase related merchandise and watch live shows of cyber celebrities and popular singers, in addition to listening to streaming songs,” says the internet giant.

Prince Fans Pay Tribute, Buying 1M Tracks, 240K Albums In U.S. On Day Of His Death. The unprecedented stats were compiled by BuzzAngle Music, a sales & streaming tracking service of music technology company Border City Media.

Rhapsody Names Its First-Ever CEO. Streaming service Rhapsody and its international version Napster have been operating without a full-time leader at the top, until now, as the Seattle-based parent company Rhapsody International has announced it has hired Mike Davis as the company’s new — and first — CEO.

Our best wishes for a great week! – MediaNet

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Music News Recap: Rhapsody Revenue & Losses, No Tidal Buyout, YouTube Star Not “Fair Use”

Posted by Glen Sears | March 7, 2016 10:22 am | No Comments

rhapsody music streaming 2015 finanicials

Story of the Week

Rhapsody Next Streaming Service to Pair Big Revenue Growth With Big Losses
Like many other streaming services, according to its 2015 financials Rhapsody has conformed to the “bigger revenues/bigger losses” streaming music growth model. The numbers, published by RealNetworks as part of its financial report, show Rhapsody’s revenues rose from $173.5M in 2014 to $202M in 2015 – growth of 16.4%. However, its net losses rose from $21.3M in 2014 to $35.5M in 2015, representing a 66.3% increase year-on-year.

This came as Rhapsody’s subscriber base grew by 45% in 2015, revealed in February in RealNetworks’ last earnings call – the company still holds a 43% stake in Rhapsody. Rhapsody reached 2M subscribers in July 2014 and 3M in July 2015. It’s thus reasonable to suggest that it had around 2.5M at the end of 2014, with 45% growth in 2015 indicating around 3.6M by the end of that year.

With Rhapsody, Spotify, Soundcloud, and others all posting major losses, and their competitors can absorb streaming losses with their income from device sales, advertising and e-commerce…2016 might be the year to talk more about what it means to succeed in streaming long term.
(more…)

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