Not only is streaming revenue growing — so is the average per-stream royalty. In 2015, the average per-stream royalty fell from $0.00666 to $0.00517, according to a Billboard analysis of statistics from the RIAA and Nielsen Music.
Source: Five Takeaways From the RIAA’s 2016 Year-End Report | Billboard
According to fresh stats from the RIAA, US retail revenues generated by subscription streaming platform leapt up by an off-the-charts 114% last year to brush $2.5bn.
On May 18, the Department of Justice (“DOJ”) is expected to file its opening brief in an appeal of a district court decision rejecting its interpretation of a consent decree entered into in 1941. The outcome of this appeal could have major and long lasting repercussions for Internet radio and music streaming.
The firm, which is working on multiple projects and utilizes Ethereum technology, is due to launch its flagship product in Q2 this year. Blieden will be a major contributor to the event and will receive his salary in Ethereum tokens.
Source: SingularDTV Hires Hollywood Producer for Blockchain Launch
MetaPop recently announced that it had successfully licensed more than 20,000 bootleg remixes, with the company paying rightsholders 70% of the subsequent revenues; remixers 15%, and keeping a 15% cut for itself.
Source: Native Instruments buys remix-licensing startup MetaPop
Once a pariah in the music industry, Pandora has repaired relations with record labels and publishers by settling disputes over royalty fees and promising to help promote artists.
Source: Pandora CEO, Pressured to Sell, Gets Last Chance to Beat Spotify – Bloomberg
Using data from Facebook, Spotify, direct sales, and live shows – labels are building taste profiles of individual consumers in order to better market to them. It’s not just the labels, it’s a general development that’s utilized by artists, managers, venues, and event promoters.
Source: Projecting Trends: The Music Industry’s Quest for Consumer Data
While the initial version of the app only pulls in data from Spotify and Apple Music — other features, including additional services, are in the pipeline and will be added later, Kobalt reps said — its one-touch functionality and hub of data consolidated in one place make the information that much more immediately accessible.
Source: Kobalt’s AWAL Releases New App That Simplifies Streaming Data for Artists | Billboard
The U.S. Supreme Court on Monday refused to hear a bid by major record labels to revive copyright infringement claims against video-sharing website Vimeo LLC for hosting content that included songs by famed bands such as the Beatles, the Jackson 5 and the Beach Boys without permission.
Source: U.S. Supreme Court refuses to hear Vimeo music copyright dispute | Reuters
We made digital art be the initial focus, because we understood that community and its specific pain point — which we could solve. ascribe was one of the first blockchain applications, and probably the very first blockchain IP company.
Source: Women in Blockchain: Masha McConaghy @ BigchainDB – Medium