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SoundExchange Sues Music Choice For Royalty Underpayment
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HypeBot
SoundExchange today filed a lawsuit against cable music platform Music Choice over underpaid royalties. The action comes after an audit of Music Choice's royalty statements. SoundExchange Senior Vice President and General Counsel Colin Rushing issued the following statement about the lawsuit: “Music Choice's actions reflect a persistent effort to avoid paying royalties for its use of protected sound recordings. Its creative accounting has cheated creators out of the royalties they are due and is inconsistent with the Copyright Royalty ...
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Despite Streaming’s Growth, Music Industry Remains Half The Size It Was In 1999
Source:
HypeBot
While paid streaming subscriptions have, in many circles, been billed as the savior of the music industry, the reality is that the business is still operating at a severely reduced capacity since the devastation visited on it in the early days of digital. Guest post by James Shotwell of Haulix The streaming revolution is helping the music industry recover with each passing year, but there is still a long way to go. Music fans and industry professionals too young to ...
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Songwriters vs Big Tech: Has The Tide Turned? [David Israelite]
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HypeBot
In this guest post, National Music Publishers Association head David Israelite explores how social media has shifted public opinion toward the songwriters and music publishers in their battles with Spotify, YouTube and other music services. By David Israelite of the National Music Publishers Association [NMPA], This first appeared on Variety. Since the dawn of the digital revolution — when suddenly the value of songs was an afterthought to the ease with which users could access them — creators’ livelihoods have ...
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10 Trends Reshaping The Music Business [Mark Mulligan]
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HypeBot
Streaming may get all the headlines, but it is far from the only factor that's driving strong and and sustained growth in the recorded music industry; and the ripple effects of these trends will reshape the music industry for years to come. MIDiA analyst Mark Mulligan offers 10 trends reshaping the music Industry. By Mark Mulligan of MIDiA and the Music Industry blog The IFPI has reported that global recorded music revenues have hit $19.1 billion, which means that MIDiA’s ...
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Why Buy Disc Makers When CD Sales Are In Free Fall?
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HypeBot
While CD Baby and related digital properties were bought last week by Downtown Music for a reported $200 million, its physical good companies Disc Makers, BookBaby and Merchly were not a part of the deal. Now a newly created entity led by company executives, DIY Media Group, has acquired those assets. But why buy a CD plant and other physical good manufacturing assets at a time when streaming and digital music and media sales have clearly become the format of ...
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iHeart Media Files For $100M IPO As It Nears Bankruptcy Exit
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HypeBot
iHeartMedia, the dominant player in US radio broadcasting, has filed a $100 million IPO offering of Class A shares, just as it nears exiting bankruptcy. With 855 stations and numerous digital properties, iHeartMedia estimates a monthly reach of 275 million listeners over the age of 6, outpacing Google (251 million) and Facebook (215 million) in terms of digital U.S. audience, as measured by Comscore in February of this year. “We believe our advantage is driven by our unique ability to ...
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Apple Becomes A Media Company, Pivots To Subscriptions [Mark Mulligan]
Source:
HypeBot
As iPhone and hardware sales slowed, Apple has sought new revenue streams; and like it has with Apple Music is shifting to a revenue strategy based more on content and subscriptions. It will be a difficult and expensive journey, says MIDiA analyst Mark Mulligan' that will reshape the entire digital content landscape. By Mark Mulligan from the Music Industry blog Last Tuesday Apple announced its arrival on the world stage as a media company, using the lion’s share of its ...
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Could The King Biscuit Flower Hour Survive Today?
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HypeBot
In this piece Fred Jacobs recalls the era of Album Oriented Rock (AOR) and, more specifically, the 'King Biscuit Flower Hour,' a show which presented original concert programming through until the early '90s. So could the such programming survive today, living as we are in the age of reboots? Guest post by Fred Jacobs of Jacobs Media Strategies Once upon a time there was a radio format called “AOR.” The acronym stood for Album Oriented Rock, and it represented an ...
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