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Digest: SOCAN & SODRAC Set To Join Forces, Spotify Signs UMG Deal, May Avoid IPO

Posted by Glen Sears | April 10, 2017 9:40 am | No Comments

Eric-Baptiste---CMW-2013

Top Music News Story

SOCAN Set To Join Forces With Reproduction Rights Body SODRAC
Canadian music rights bodies SOCAN (the Society of Composers, Authors & Music Publishers of Canada) and SODRAC (Society for Reproduction Rights of Authors, Composers and Publishers in Canada) are actively discussing the possibility of combining operations.

‘The integration of the management of public performance rights and reproduction rights could have many advantages and would reduce operating costs for rights holder members of each organization, and promises to increase efficiencies, leverage licensing relationships, and reduce operating costs, resulting in even more money to go to those who have earned royalties for their music and streamlined licensing for businesses using music,’ read a press release.

Read the full story on Music Business Worldwide

Other Music News Highlights

Canadian Music Rights Groups Hope to Make ‘Quick Progress’ on Merger. Baptiste expects to have board approval “within the next few months,” but notes that timeline could change: “We are meeting again. It’s going to be up to the board of SOCAN and the board of SODRAC to decide, but we hope to make quick progress on this.”

Spotify Signs Long-Term Deal With Universal, Opens Door on Windowing. The agreement, announced last week, represents the end of Spotify’s long-standing policy of granting all of its users — both free and premium alike — access to complete albums on their release dates.

Universal And Spotify’s Deal Is An Even Bigger Deal Than It Looks. Mark Mulligan writes that “Although the big focus across the industry so far is, understandably, on what this means for Spotify, it is also part of a bigger story, namely that of the maturation of the streaming market and its associated business models.”

Could Spotify ‘IPO’ (Without An IPO) As Early As September? Much has been made of Spotify’s imminent IPO, but a new report suggests the streaming service is instead considering a different approach – through a direct listing on a US stock exchange.

Google Play Music Launches in India, Undercuts Apple. Google is offering users its streaming service and radio stations for an initial discounted price of Rs 89 per month ($1.40) for those that sign up within 45 days, reports the India Times.

Major Scandal At The Copyright Office With $25 Million ‘Fake Budget’ Line Item. According to a Techdirt report, Register of Copyrights Maria Pallante put in place a fake twenty-five million dollar budget line item, and then intentionally deceived congress about it.

YouTube, Creators Respond To Monetization Threshold Change. Many throughout the industry have had strong reaction to YouTube’s changes to their monetization rules, including YouTube itself.

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