Marketplace

The Lucrative Afterlife of Music Estates

There is a real pressure on those left to run an estate to ensure that the artist does not fade from the public’s view and become an anachronism. There are more opportunities now for estates to take the lead, but for a long time the estate was at the mercy of the whims of the record labels that controlled a deceased act’s recordings.

Source: The Lucrative Afterlife of Music Estates: ‘A complex balancing act between the past and the future.’

How a Mistake by YouTube Shows Its Power Over Media

Novara had spent years using YouTube to attract more than 170,000 subscribers for its left-leaning coverage of issues like climate change, capitalism and social policy. Suddenly, and without warning, that powerful distribution tool was zapped — leaving people in the newsroom wondering how the organization could survive.

Source: How a Mistake by YouTube Shows Its Power Over Media

Facebook changes its corporate branding to Meta

Well, it’s official. After 17 years of being called Facebook, the social networking parent company behind Facebook, Instagram, WhatsApp and Oculus has a new name. Facebook’s corporate entity is now Meta. Facebook creator Mark Zuckerberg announced the change at the company’s AR/VR-focused Connect event, sharing that the new title captured more of the company’s core ambition: to build the metaverse.

Source: Facebook changes its corporate branding to Meta

ABBA’s Bjorn Ulvaeus On the ‘Immoral’ Treatment of Songwriters by the Music Industry

As one of the two songwriters for one of the most successful and influential musical artists in the history of the world — that would be ABBA — one might wonder why Ulvaeus, as president of CISAC, the global non-profit trade organization for creators, is essentially taking on the entire music industry.

Source: ABBA’s Bjorn Ulvaeus Talks CISAC Report and the ‘Immoral’ Treatment of Songwriters by the Music Industry

Jessica Rosenworcel becomes first woman to chair the FCC, Gigi Sohn nominated for 5th spot

The FCC has its first-ever woman as Chair of the agency, Jessica Rosenworcel, who has been serving as acting Chair since the beginning of the year. President Biden officially appointed her to the position today, and nominated her for a new term — as well as FCC veteran and tireless policy advocate Gigi Sohn, who if confirmed would become the first openly LGBTQ+ Commissioner in history.

Source: Jessica Rosenworcel becomes the first woman to chair the FCC, and Gigi Sohn is nominated for 5th spot

For publishers, backlist should be the new frontlist

For publishers, IP should be the new frontlist. Rather than promoting the new books and titles at the expense of everything else, traditional publishers should be mining their backlist for items that will capture the moment. If publishers had been smart, they could have combed their backlist for stories of survival in the middle of a plague.  Or maybe a few books that would make us all feel better about the extent of the pandemic we’re currently in.

Source: Business Musings: Untapped (Part One)

Facebook Whistleblower Frances Haugen Calls for New Tech Laws in Europe

Ms. Haugen said government regulators should have more power to oversee Facebook and other big social-media platforms. She also said social-media giants should be required to disclose the steps they take to curb misinformation, hate speech, underage users and other issues so independent observers can identify blind spots.

Source: Facebook Whistleblower Frances Haugen Calls for New Tech Laws in Europe

Is Wall Street starting to curb its D2C enthusiasm?

On Monday, media major Disney received a Wall Street downgrade from a Barclays investment analyst who cited the growing challenge of creating new Disney+ originals with the same “franchise value or visibility” of the existing Disney IP  on the streaming service. The investment bank believes that the dilution of the content IP could materially impact the ability of Disney+  to close the gap with market leader Netflix.

Source: Is Wall Street starting to curb its D2C enthusiasm?

Google lowers Play Store fees for subscriptions and music streaming apps

As regulatory pressure on the Play Store for Android increases, Google is once again making changes to its business structure. It has announced that more categories of apps will be eligible to pay significantly less than the usual 30 percent fee. The company is announcing that all subscription-based apps will now pay a fee of 15 percent. It’s also says that “ebooks and on-demand music streaming services” will be “eligible” for a fee “as low as 10%.”

Source: Google lowers Play Store fees for subscriptions and music streaming apps

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