Posted by Glen Sears | May 8, 2017 9:40 am | No Comments
Story of the Week
Warner Music Group Extends Deal With YouTube
Warner Music Group has extended its recorded music and publishing deals with YouTube, according to the video platform and a memo by WMG CEO Stephen Cooper obtained by Billboard. The memo said WMG was able to secure “the best possible deals under very difficult circumstances” and that term for the deal is shorter so to allow for “more options in the future.”
Other Important Music News
Everything You Need To Know About The “Difficult” WMG, YouTube Deal. Hypebot breaks down the nitty-gritty details of the WMG/YouTube deal and aggregates responses, as well as analysis, from around the internet.
Irving Azoff Hopes Warner Music Avoided ‘Step Backwards’ On YouTube Deal. “I trust that Warner took its responsibility to its artists and insisted on two crucial points: both better control for artists and increased compensation,” Mr. Azoff said in an email.
‘Russia’s Facebook’ Launches Fully Licensed New Spotify Rival. With over 100 million active users, Russian Facebook VKontakte (VK) has the same sized audience as Spotify’s last confirmed active user base (across both freemium and premium users).
SoundExchange Q1 Collections Down Thanks To Pandora Direct Deals. “In these new agreements, Pandora is paying rights owners directly and SoundExchange is continuing to pay artist royalties directly for the service’s ad-supported tier.”
Sony’s The Orchard Buys Independent Distributors Finetunes And Phonofile. The move effectively means Sony has acquired four independent European distributors in little over a year; the company swooped for both Essential Music & Marketing (UK) and Century Media (DE) in 2016 for a combined price of just under $21m.
German Music Publishers Hold ‘Historic’ Meeting to Show Unity Amid Royalty Sharing ‘Crisis.’ Germany’s music publishers are coming to terms after a court decided in November that performing rights society GEMA is not required to give them an equal share of all income.
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