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.
Posted by Glen Sears, Editorial Content Manager | January 23, 2017 9:21 am | No Comments
Top Story This Week
Sprint Buys 33% of Jay Z’s Music Streaming Service Tidal
Sprint Corp. acquired a 33 percent stake in music-streaming service Tidal as the fourth-largest U.S. wireless carrier turns to media streaming to attract more customers with exclusive content.
Marcelo Claure, Sprint’s chief executive officer, will join the Tidal board and musician Jay Z will continue to run the business, according to a statement Monday. Financial terms of the deal weren’t disclosed. Sprint paid $200 million for the stake, according to a report in MusicBusinessWorldwide.
Other Music News Highlights
MusicFirst Coalition Pens Letter to Congress on Radio, Copyright Concerns. Dated Jan. 18, the letter outlines the group’s main aims in its pursuit of “market-based principles [that] drive compensation for all artists and creators whenever and however their music is played.”
CEO Susan Wojcicki Promises YouTube Red Expansion In 2017. “We’ll continue to roll out YouTube Red in new markets throughout 2017, giving creators another meaningful way to earn revenue from their content and fans access to brand new original series and films.”
Donald Trump Expected to Appoint Ajit Pai as New FCC Chairman. In his time at the FCC, Pai has been extremely vocal about his unhappiness with the agency’s heavy hand, and has signaled an intent to roll back the FCC’s “open internet” rules, also known as Net Neutrality.
Is Apple Getting Serious About Original Content? The iPhone maker is exploring producing original television shows and movies to turn its Apple Music subscription service into what Apple executive Jimmy Iovine described Jan. 14 as “an entire cultural, pop cultural experience.”
Have $9.99 Streaming Subscriptions Reached A Saturation Point? MiDIA Research’s Mark Mulligan wonders, based on the financially polarizing pricing structure currently being implemented by the streaming industry, if the number of customers willing to pay $9.99 has hit a saturation point.
Garth Brooks’ Ghost Tunes Folding Into Amazon Music. A digital and physical distribution platform billed as an alternative to iTunes that launched a little over two years ago, Ghost Tunes is apparently folding into Amazon Music.
Sony/ATV Responds Publicly To Paul McCartney Lawsuit. McCartney filed the lawsuit last week in the Southern New York District Court, claiming that Sony/ATV had repeatedly failed to confirm it would transfer US copyrights to the songwriter when the company’s legal rights expire.
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