Warner has now provided an update on its legacy unrecouped advances program, revealing that the program saw around 4,500 artists and related producers benefit globally in its first year. The company says it expects this number to grow “as we connect with all eligible participants”. Additionally, WMG says that it has “also begun to reach out to [Warner Chappell Music] WCM songwriters who could benefit from this program.
Since 2020, the portion of Spotify’s Global Weekly Top Songs represented by catalog has increased by 155%, according to the company. Insights from the study make it abundantly clear that promoting older tracks is working. Almost a third of 2022’s charting songs are catalog, and fans are now searching for and streaming older tracks. Nearly three-quarters of active streams (from listener playlists, album pages, artist profiles, and liked songs) are catalog.
PPL announced that in 2022, the company paid out the equivalent of more than $300m to 165,000 performers and recording rightsholders — a more than 7% increase from £228.7 in 2021. Additionally, this is a 12.2% increase from 147,000 performers and rightsholders in 2021, either as direct members of PPL or indirectly through other collective management organizations (CMOs). The money paid out was collected by PPL for the use of recorded music in the UK and internationally.
Springer Nature, the world’s largest academic publisher, has clarified its policies on the use of AI writing tools in scientific papers. The company announced this week that software like ChatGPT can’t be credited as an author in papers published in its thousands of journals. However, Springer says it has no problem with scientists using AI to help write or generate ideas for research, as long as this contribution is properly disclosed by the authors.
In his reasoning for cutting 6% of Spotify’s global workforce, Daniel Ek wrote: “In 2022, the growth of Spotify’s [operating expense] outpaced our revenue growth by 2X. That would have been unsustainable long-term in any climate, but with a challenging macro environment, it would be even more difficult to close the gap.” Added Ek: “In hindsight, I was too ambitious in investing ahead of our revenue growth.” That’s something of an understatement.
The Justice Department and eight states filed a lawsuit against Google, alleging the tech giant has a “monopolistic grip” on digital advertising. Google “has corrupted legitimate competition in the ad tech industry by engaging in a systematic campaign to seize control of the wide swath of high-tech tools used by publishers, advertisers, and brokers, to facilitate digital advertising,” according to the lawsuit, filed Tuesday in the U.S. District Court for the Eastern District of Virginia.
The deal includes Bieber’s shares of his publishing and recorded-music catalog, Bieber’s interest in his publishing copyrights (including the writer’s share of performance), master recordings and neighboring rights for his entire back catalogue, comprising over 290 titles released before December 31, 2021. The acquisition has been made on behalf of Hipgnosis Songs Capital, a partnership between Hipgnosis Song Management and funds managed by Blackstone.
This month, UMG boss Sir Lucian Grainge went public with his belief that “the economic model for streaming needs to evolve”. Grainge wrote of his desire for “an updated model… an innovative, ‘artist-centric’ model that values all subscribers and rewards the music they love.” This is a wider discussion within the music industry, as shown by Ivors Academy chair and Broken Record campaigner Tom Gray’s comments at this month’s NY:LON Connect conference.
A little less than one year after concluding a long-running legal battle with the Radio Music License Committee (RMLC), performance rights organization Global Music Rights (GMR) has settled a pair of lawsuits that it filed against radio groups Red Wolf Broadcasting and One Putt Broadcasting in October of 2022. 10-year-old Global Music Rights just recently announced these promptly finalized settlements, which, as mentioned, stem from a pair of complaints that the PRO levied in October.