Podchaser, a startup building what it calls “IMDB for podcasts,” recently announced that it has raised $4 million in a funding round led by Greycroft. In other words, it’s a site where — similar to the Amazon-owned Internet Movie Database — users can look up who’s appeared in which podcasts, rate and review those podcasts and add them to lists.
The EU’s executive Commission said Wednesday that it fined Valve Corp., which owns the Steam online PC game distribution platform, and the game makers a total of 7.8 million euros ($9.5 million) because they restricted cross-border sales in violation of the bloc’s antitrust rules. The companies used so-called geo-blocking practices to prevent players from activating and playing games sold either on DVD or by download, the commission said.
As the industry regroups for 2021 and gathers this week for the annual NATPE conference, held in virtual form this year, the largest U.S.-based media giants are squarely focused on international markets as the primary engine of growth for vertically integrated streaming behemoths.
The U.K.’s three biggest record label heads put on a united front at a Parliamentary probe into the streaming business on Tuesday (Jan. 19), denying artist claims that music streaming payouts are unfairly weighted in labels’ favor. The label executives stressed the importance of protecting artists’ interests and maximizing revenue for all parties.
Though the financial terms of the deal weren’t disclosed, Live Nation noted in a message that “Veeps has helped artists make millions of dollars in revenue” since its 2017 founding. During 2020, the ticket-focused livestreaming platform hosted approximately 1,000 gigs, the most popular (and financially successful) of which came in the year’s latter half.
The 40 organizations, including the American Economic Liberties Project, Demand Progress and Indivisible, specifically called on President-elect Biden to avoid selecting candidates who have served as “lawyers, lobbyists, or consultants” for Amazon, Apple, Google or Facebook.
On the final full day of President Trump’s term in office, SAG-AFTRA’s National Board voted “overwhelmingly” to find probable cause of a violation of SAG-AFTRA’s Constitution and ordered a Disciplinary Committee hearing for which, if found guilty by the committee, Trump could face expulsion from the guild.
In the fourth quarter of 2020, Netflix added 8.51 million paid streaming subscribers, about 2.5 million more than expected, to stand at 203.7 million worldwide at the end of the year. The strong Q4 subscriber results come as the No. 1 SVOD player faces stepped-up competition from a slew of rivals including Disney Plus, Hulu, HBO Max, Peacock, Discovery Plus, Paramount Plus and Amazon Prime Video.
Cinedigm continues its rollup of niche streaming brands: The company has acquired the assets of Fandor, a subscription-streaming service with a catalog of 4,600 films that has been in hibernation mode for the last two years. Cinedigm plans to beef up Fandor’s offerings with some of the 7,000-plus films titles in the Cinedigm library as well as relaunch the service’s apps.
From the very first session of this inquiry, the committee members have been steered towards the idea that The One Thing They Can Do To Improve Things is to extend the ‘equitable remuneration’ model used for broadcast music royalties in the UK – splitting them 50/50 between artists and labels – to the more passive forms of music streaming consumption: like playlists and ‘radio’.