Posted by Glen Sears | May 9, 2016 10:05 am | No Comments
Story of the Week
TuneCore Encourages Members To Opt-In To $25M Spotify NMPA Settement, Artist Advocates Cry Foul
Spotify and the NMPA are contacting artists and publishers encouraging them to sign on to the $25 million settlement they negotiated over unreported and unpaid royalties for unlicensed streams. This week, TuneCore reached out to the artists using their music publishing platform encouraging them to opt-in.
TuneCore sent an email this week to the tens of thousands of independent songwriters that use its Publishing Administration services, encouraging them to opt-in to a $25 million settlement with Spotify over the use of unlicensed tracks negotiated by the NMPA. The email has drawn fire from artists advocates including former TuneCore CEO and founder Jeff Price and musician David Lowery, who has filed a lawsuit against Spotify.
Musician and outspoken industry critic David Lowery, who has filed a lawsuit against Spotify and is seeking class action status to include other artists and publishers, is equally incensed.
Top Music News Stories
PRS for Music Reports Record Revenues for 2015, Leaders Chide the ‘Value Gap.’ “It’s been an exceptional year for us, revenue was up in all our main revenue streams — online, international, public performance and broadcast — and the growth strategy that we have been pursuing for a number of years is now really beginning to pay off.”
Digital Music Firm Omnifone Placed Into Administration. B2B digital-music firm Omnifone has been placed into administration, resulting in the layoff of up to 70 staff as it seeks a buyer for the company’s technology assets—it is unclear at the present time what the administration means for their services.
Streaming Now Top Recorded Revenue Source for Warner Music. The label group’s streaming income has now overtaken both its physical revenues and its downloads sales – streaming actually overhauled the latter in the first quarter of 2015, so a year later it has now also surpassed physical.
You need a digital music services business partner you can count on to provide rock-solid catalog, delivery, and publishing administration.
Old Music Is Selling More Than New Music. Nielsen’s latest music report is out and, as always, it’s very revealing about what we listen to in the U.S. Perhaps it’s biggest revelation is that, for the first time, old music (known as catalog sales) outsold new music in 2015.
Apple Music Reportedly Set for Major Overhaul. Apple is planning sweeping changes to its year-old music streaming service after the first iteration of the product was met with tepid reviews and several executives brought in to revive the company’s music strategy departed.
‘It’s a System That Is Rigged Against the Artists’: The War Against YouTube. Most label executives aren’t expecting YouTube to have a change of heart — they’re trying to change the law under which it operates.
vKontakte Launches A (Licensed!) Music-Streaming AppThe company has courted controversy – and lawsuits – within the music industry in the past with the widespread availability of user-uploaded copyrighted music on its platform — however, having signed agreements with Sony Music and Warner Music as well as some Russian publishers, vKontakte is trying to go legit.
Our best wishes for a great week! – MediaNet
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