The news of the JV follows the announcement earlier this month that the Atlantic Screen Media fund, through which Atlantic Screen Music provides financing for the production of music scores – is raising £10 million ($13.2m) to invest in global streamed content IP, including music scores for film and television, plus comic books.
YouTube says it will start putting ads on some videos from channels that are not part of its partnership scheme. Changes to its terms of service mean YouTube will not share the revenue from those ads with the video-makers. YouTube’s Partner Program is something that has to be applied for, and is only available to channels that have more than 1,000 subscribers and have clocked up 4,000 hours of people watching in a year.
The year is 2023. After intensive lobbying, the governments of the US, the EU, and Britain have decreed changes to the way music streaming services pay out artists. Instead of pooling all of users’ revenue together and distributing it pro-rata based on the number of streams, the money will now be divided based on listening-share per user.
The Royalty Fund III is separate to a new royalty fund (Round Hill Music Royalty Fund Ltd) that Round Hill floated on the London Stock Exchange last week, which raised $282m ahead of its IPO. That $282m was $93m lower than the $375m Round Hill was hoping to raise.
Since the start of the pandemic, direct-to-fan platform Bandcamp has been waiving its revenue share for one day each month, on so called ‘Bandcamp Fridays’. Now, the company is launching a new ticketed live streaming service called Bandcamp Live, and it will be waiving its 10% fee for the service until March 3, 2021.
Developers that brought in $1 million or less from their apps in the previous year will pay a 15 percent commission on those app sales starting next year, down from 30 percent, the company said. The move, which will have little impact on Apple’s bottom line, is an abrupt change from the company’s public intransigence over its fees.
Universal and Cinemark announced a windows deal late Monday that shares a lot of traits with AMC’s breakthrough pact with the same studio earlier this year. It came after Cinemark was already implementing a “dynamic” approach to how long given titles stay in theaters given COVID-19 rates and theater closures in many markets.
In addition to News Corp, which already owns HarperCollins, a leading bidder is Penguin Random House, according to the people. Penguin Random House, the largest book publisher in the United States, is owned by the German media giant Bertelsmann. The French firm Vivendi, a minority owner of Hachette through the publisher Lagardère, has also made a bid.
This acquisition is the first to follow the completion of Songtradr’s recent Series C funding round, which raised $30 million – valuing the company at $165m. With this investment, Songtradr plans to accelerate its global expansion plans, product development and fund key acquisitions, building out its ecosystem and further enriching its data capabilities.
Probably the biggest ask the union is making is that Spotify switch to a new payment system. The U.M.A.W. wants Spotify to introduce a user-centric payment system, where artists, labels, and rights holders are compensated on a per-stream basis.