Headlines

Europe’s New Rules of Engagement With Streamers Making Progress

The EU’s game-changing Audiovisual Media Services Directive, which is expected to prompt new rules of engagement between producers and streaming giants, is finally in various stages of implementation across Europe. The new rules — for which the formal deadline was January 2021, but there is some leeway — will involve investment obligations and in some countries, setting out terms of trade for streamers.

Source: Europe’s New Rules of Engagement With Streamers Making Slow But Steady Progress

CD Baby paid out $125m from digital platforms like Spotify, Apple Music and YouTube Music in 2020

The company has today (March 4) confirmed that it paid out $125.4 million from digital and streaming services to artists across the course of 2020. That’s around $2.4m every week. The $125.4m annual figure was up by 13.9% on the $110.1m that CD Baby paid to indie artist clients from digital platforms in 2019.

Source: CD Baby paid out $125m from digital platforms like Spotify, Apple Music and YouTube Music in 2020

Square’s $297 million deal for Jay Z’s music service Tidal may bring blockchain to masses

Payments firm Square Inc agreed on Thursday to buy a majority stake in rapper Jay-Z’s Tidal music streaming service for $297 million in a deal that could popularize blockchain or other new approaches to storing and buying online media.

Source: Square’s $297 million deal for Jay Z’s music service Tidal may bring blockchain to masses

U.S. Transactional Movie Revenues Topped $6 Billion in 2020 

Transactional movie revenues across pay TV and online, including PVOD, in the U.S. were up 14 percent last year to more than $6 billion, Omdia says in a new report. The Consumers and Movie Windows report notes that while transactional movie revenues did reach a new high in 2020, they weren’t enough to compensate for the declines in theatrical revenues amid Covid-19.

Source: U.S. Transactional Movie Revenues Topped $6 Billion in 2020 – TVUSA

The days of knowing how big a movie is are seemingly over in a streaming-first era

Last week, Billie Eilish: The World’s a Little Blurry debuted on Apple TV Plus. The documentary became the “biggest hit title for young adult audiences that Apple has had so far across its slate of films and TV series,” Apple said, drawing a “record-breaking 33 percent new viewers to the service.” Sounds impressive, right? It would if Apple provided any kind of context for declarations like “biggest hit” and “record-breaking” subscriber adds.

Source: The days of knowing how big a movie is are seemingly over in a streaming-first era

As 3LAU makes $11.6m from NFT sales, his management company eyes more auctions for more artists

Justin Blau aka musician and producer 3LAU, sold a NFT collection for $11.6 million via an online auction between February 25-28. Following the success of that sale, his management company, YMU, says that it is now lining up more NFT auctions for other artists on the company’s roster.

Source: As 3LAU makes $11.6m from NFT sales, his management company eyes more auctions for more artists

Square Acquires Majority Stake in Jay-Z’s Tidal for $297 Million

Square, the mobile payments firm run by Jack Dorsey, has agreed to acquire a majority stake in Jay-Z’s music streaming service Tidal for $297 million, the companies announced Thursday. Through the deal, Jay-Z and Tidal’s other artist shareholders — including Beyoncé, Madonna and Rihanna — will continue to own their piece of the business, which will operate as an independent division within Square.

Source: Square Acquires Majority Stake in Jay-Z’s Tidal for $297 Million

Kings of Leon Will Be the First Band to Release an Album as an NFT

On Friday, Kings of Leon will release their new album, titled When You See Yourself, in the form of a non-fungible token. The band is actually dropping three types of tokens as part of a series called “NFT Yourself,” people involved in the project tells Rolling Stone. One type is a special album package, while a second type offers live show perks like front-row seats for life, and a third type is just for exclusive audiovisual art.

Source: Kings of Leon Will Be the First Band to Release an Album as an NFT

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