Posted by Glen Sears | July 17, 2017 10:04 am | No Comments
Spotify Sony Deal Confirmed. The terms include windowing, which would allow the label group to keep some tracks and albums from the music streamer’s free tier for up to two weeks.
German Music Publishers Say It’s ‘High Time’ the EU Acted on YouTube. “These online platforms are still not giving creative people reasonable and fair remuneration. This is a grave injustice and cannot be tolerated any longer.”
Judge Voids Prince $31 Million Universal Music Deal. The request was filed by UMG after the company learned that many of the tracks it had paid for were still under contract with Warner Music Group.
Amazon Is Now The 3rd Biggest Music Subscription Service. Mark Mulligan of MiDIA Research states, “Amazon can now discard its dark horse guise and be revealed for what it is: one of the top streaming music players.”
Facebook Reveals Plans To Negotiate With Existing Digital Music Platforms. “This role will lead Facebook’s strategy and negotiations with digital music services, as well as collaborate with our product, media partnerships and platform partnerships teams to ensure a coordinated and best-in-class approach.”
Warner Music Group Acquires Songkick Concert Discovery App. The surprise deal, which appears motivated by the startups protracted legal battle with Ticketmaster, includes Songkick’s concert discovery app and web site, but not its ticketing business.
SoundCloud Responds Reports Of Impending Insolvency. Soundcloud CEO Alex Ljung responded to a TechCrunch report claiming the company would be insolvent in 50 days, saying “There are a number of inaccuracies within the TechCrunch article.”
Lyor Cohen Details YouTube’s Future Product Plans. YouTube’s Global Head of Music Lyor Cohen sat down with the board of directors of A2IM recently and detailed the video channel’s priorities and product plans for 2017.
Industry News Recap: YouTube Spars With IFPI Over $1B Royalties, Sony Unifying Arms, Pandora goes Premium
Posted by Glen Sears | December 12, 2016 9:28 am | No Comments
YouTube Reports $1 Billion Paid to Recording Industry Through Advertising This Year
Story of the Week
After a year of sustained and withering criticism from the recorded music industry — and one day after Lyor Cohen began as its global head of music — YouTube has announced a topline stat intended as a strong defense of its business model and its contributions to the global recording industry.
In a blog post this morning YouTube’s Chief Business Officer Robert Kyncl writes that “in the last 12 months, YouTube has paid out over $1 billion to the music industry from advertising alone.” (Google itself reported ad revenue of $19.8 billion in the third quarter.) In a study released earlier this year, Statista found that 63 percent of Americans had listened to music on the platform at some point.
Top Music News
IFPI Hits Back At YouTube Over $1bn Payouts Claim. “Google has today issued more unexplained numbers on what it claims YouTube pays the music industry. The announcement gives little reason to celebrate, however…YouTube is generating revenues of just over $1 per user for the entire year. This pales in comparison to the revenue generated by other services…For example, in 2015 Spotify alone paid record labels some $2 billion, equivalent to an estimated $18 per user.”
YouTube Strikes Settlement Deal Over Unpaid Royalties with NMPA. The dollar amount of the settlement were not disclosed — a press release on the news says “millions of dollars in previously unclaimed music royalties” — music publisher sources had previously speculated to Billboard that it could land in the same range as the $30 million payout by Spotify.
Sony Eyes Unification Of Record, Publishing Arms. Sony Corp. is considering a major reorganization, and the recorded music division Sony Music Group and music publisher Sony/ATV possibly would unite in a division separate from film and gaming.
Global Music Publishing Royalties By The Numbers. Glenn Peoples comments on the International Confederation of Societies of Authors and Composers recently-issued report which has shed some light on the world of music publishing, with free on-demand services once again being targeted.
Apple Music Reaches 20M Subscribers, Adding 1M A Month. Apple is enjoying the fruits of this growth too: the company recently said its music revenue was up 22% in the third quarter thanks to Apple Music, with services a bright spot for the company amid declining hardware sales.
Pandora Reveals Its Spotify Competitor, Pandora Premium. After a just under a year of re-engineering Rdio, the well-liked streaming service it purchased last December for $75 million, and the launch of a mid-tier subscription service in September, Pandora has pulled the curtain off of its all-you-can-eat streaming service, called Pandora Premium, expected to be released in the first quarter of next year.
Australian Creators Launch Campaign Against Proposed Copyright Reform. “At a time when copyright is working in practice as it should, and just when the culturally-rich and economically vital business of music is getting back on its feet, it’s difficult to fathom why measures such as those relating to safe harbour expansion or so-called ‘fair use’ should be contemplated by government”.
Our best wishes for a great week! – MediaNet
Posted by Glen Sears | March 14, 2016 10:43 am | No Comments
Story of the Week
68% Of Smartphone Users Stream Music Daily
Illustrating just how pervasive streaming music has become, a new study shows that 68% of smartphone users listen to an average of 45 minutes of streaming music daily. By comparison, 71% watch video daily on their smartphones, but only for an average of 24 minutes.
According to a new Parks Associates study, digital media usage varies based on OS brand and carrier. iPhone users consume more media than Android and other operating systems. T-Mobile and Sprint customers have the highest incidence of daily music consumption among U.S. carriers – over 75% of subscribers for T-Mobile or Sprint listen to streaming music daily, versus 66% of Verizon users.
“Currently Amazon Prime Music is the most popular paid music subscription service among U.S. broadband households, thanks to its inclusion in Amazon Prime, but the streaming music war has intensified as the large connected entertainment companies are driving to consolidate their offerings,” said Harry Wang, Director, Health & Mobile Product Research, Parks Associates. “Apple launched Apple Music, and Google is consolidating its music offerings across its Play content store and YouTube platform. Consumers are getting more music options as the competition for users escalates.”
Top Music News Stories
More Than 50% Americans Listen To Online Radio Weekly. The number of listeners is up from 44% last year, according to new Edison Research survey, with 126 million Americans over age 12 now listening weekly.
French Music Sales Plummeted Last Year. France was hit particularly hard with a 7% drop in 2015, and although streaming was up, it was hardly enough to counteract overall plummeting sales.
Tuesday Was The Most Important Day For Direct To Fan Music Since CDBaby & Tunecore. Three significant players in music tech placed big bets that the future of the new music industry lies in the powerful connection between artists and fans; and those companies that enable that direct connection will be the winners.
Sony Develops App For Streaming Royalty Reports. The app is only available to Sony artists in Sweden (where the app was developed) at the moment, but is expected to be rolled out to Sony artists globally later in the year.
SoundExchange Launches Free 20 Million Song Search Database. From music streamers lawsuits to takedowns on iTunes, song identification has become a major issue. To help solve the problem, SoundExchange has launched free ISRC Search Site that includes 20 million songs.
Allison Moore Hired As Chief Revenue Officer As Paid Launch Nears. New deals with the major labels require monetization and recent filings point to a company bleeding cash at alarming rate. Now an experienced digital executive has been hired to sort out the mess.
Settlement May Be In Sight For U.S. Publishing Royalties Suit. While the National Music Publishers Association (NMPA) may well be on the verge of brokering a deal with Spotify that could in turn help its rivals sort out their publishing-licensing problems, that may not be the final word.
FCC Plans to Expand Low-Income Assistance to Broadband Ahead of Privacy Rules. FCC chairman Tom Wheeler posted a lengthy letter to his office’s website that laid out the Commission’s plans for Lifeline, a federal program which provides a $10 per month subsidy to the lowest-income Americans for wired phone services.
Last week famed producer and “fifth Beatle” George Martin passed away at the age of 90. His mark on popular music will last many generations, and our thoughts go out to his family and friends. Read a retrospective of his life and career here.
Our best wishes for a great week! – MediaNet
Posted by Glen Sears | June 29, 2015 9:00 am | No Comments
Story Of The Week
Merlin, WIN, Beggars, IMPALA, and Other Indies Agree To Bring Over 20,000 Artists Into Revised Apple Music Ecosystem
The weeks leading up to tomorrow’s Apple Music launch have been nothing if not eventful. After announcing huge artists for the new Beats One radio station and securing Taylor Swift as a fan, Apple Music scored another coup last week. Huge indie labels and organizations are now flocking to the new streaming service, and bringing with them enormous libraries of music.
It wasn’t without an uphill battle. Organizations such as independent music licensor Merlin boycotted Apple Music after it became public that Apple wouldn’t pay royalties to songwriters during the service’s 90-day free trial. Despite the fact that this is fairly standard practice across the industry, many (including Swift, an independent artist herself) looked to Apple to set the tone for the future of streaming music, saying “I find it to be shocking, disappointing, and completely unlike this historically progressive and generous company.”
After Apple announced it would pay on its free trial of Apple Music, indie labels, publishers, and associations came around quickly. Beggars Group, one of indie music’s largest label groups, summed up the greater feelings toward Apple: “Over the last few days we have had increasingly fruitful discussions with Apple. We are now delighted to say that we are happy to endorse the deal with Apple Music as it now stands, and look forward to being a big part of a very exciting future.”
Other Important Headlines
TIDAL Parent Aspiro Removes CEO Andy Chen, Replaces Him With The CEO He Replaced – As the streaming company struggles to gain foothold, more shakeups on their Executive Team. Read More
Spotify Buys Beats’ Analytics Provider Seed Scientific – Spotify doubles down on data-driven recommendations and services, now boosted by the purchase of a data firm who previously served its primary competitor. Read More
American Idol Winners Sue Sony Music: “Your Equity Stake In Spotify Cheats Artists” – “…Together, and individually, Sony and the other major record labels therefore have significant power to exert control over Spotify in order to not only dictate how revenue will be paid, but wrongfully and in bad faith divert money from royalties that must be shared to other forms of revenue that they can keep for themselves.” Read More
SiriusXM Settles Lawsuit, Agrees To Pay $210 Million For Use Of Pre-1972 Recordings – They’ll also be able to play pre-1972 music through 2017. After that, they’ll have to come to new agreements. Read More
Linkin Park Looks For New Music Revenue, Ends Up At Harvard, Starts Venture Capital Firm – “To be clear, we are still in the music business, but creating and selling music now plays more of a supporting role in our overall business mix.” Read More
Courtney Love Attacked in Paris, Uber Driver Held Hostage by ‘Mob of Taxi Drivers’ – Love tweeted her experience during Paris’ protests-turned-violent against rideshare company Uber. Read More
Posted by Glen Sears | May 26, 2015 8:47 am | No Comments
Last wee’s music news cycle focused heavily on streaming services and subsequent publishing rights, in large part due to The Verge’s leak of a Sony/Spotify contract agreement. The agreement sent shockwaves through the music industry as many were surprised by the full spectrum of the deal. Here are last week’s top stories:
Former Rhapsody Exec Jon Maples Joins 8Tracks
International Music Managers Forum Publishes Open Letter to EU on Publishing Laws
Long-Time ASCAP Executive Karen Sherry Is Retiring
Sony Prepares To Remove More Music From Soundcloud, While Ultra Questions Its Model
Jack White Defends Tidal & Jay-Z, Asks “Should Movies Be Free?”
Spotify Moves Into YouTube Territory With New Video Offerings
Beloved Executive & Blue Note Veteran Bruce Lundvall Dies at 79
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- July 31, 2017
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