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Spotify’s Streaming Audiobook Service Launches in the U.S.

A little over a month after launching in the U.K. and Australia, Spotify has announced that its streaming audiobook service is now available the U.S., giving tens of millions of Spotify premium subscribers access to a catalog of more than 200,000 audiobook titles—including titles from all the Big Five publishers. Spotify officials say the catalog includes 70% of current bestsellers, and includes new releases like Britney Spears’ top-selling memoir The Woman in Me and Jesmyn Ward’s Let Us Descend.

Source: Spotify’s Streaming Audiobook Service Launches in the U.S.

Studios Adjust AI Language in Push to End SAG-AFTRA Strike

Hollywood’s major studios have agreed to adjust language on artificial intelligence as they move closer to a contract agreement to end the 117-day SAG-AFTRA strike. Union negotiators met Monday night with the leaders of the Alliance of Motion Picture and Television Producers. In the meeting, the two sides appear to have resolved some of the pending issues on AI, which has become the central focus of the talks over the last 10 days.

Source: Studios Adjust AI Language in Push to End SAG-AFTRA Strike

Audius rolls out music marketplace, partners with DistroKid and Beatport

San Francisco-based blockchain-powered music platform Audius has launched a music marketplace in beta, providing a platform for its 6 million users to support artists with direct payments. Audius users will now be able to directly support their favorite artists through credit card payments in USDC. This feature allows artists and rights holders to convert earnings to their preferred currency, including USD, EUR, GBP, or others.

Source: Audius rolls out music marketplace, partners with DistroKid and Beatport

SAG-AFTRA and Studios Still Differ on ‘Several Essential Items’

SAG-AFTRA is delivering its response to the studios’ “last, best and final” offer on Monday. In a message to members Monday afternoon, the union said it was working to end the strike “responsibly,” but that the two sides still have differences. “There are several essential items on which we still do not have an agreement, including AI,” the union said. “We will keep you informed as events unfold.”

Source: SAG-AFTRA and Studios Still Differ on ‘Several Essential Items’

Global Value of Music Copyright Climbed to $41.5B in 2022

A rebound in performing rights and heightened demand for physical product helped the value of global music copyright reach $41.5 billion in 2022, surpassing the $40 billion mark for the first time, according to a report released Monday (Nov. 6). While record labels commanded a majority of the global market, the $5 billion annual increase was “evenly shared” between recorded music and music publishing, noted the report’s author, Will Page.

Source: Global Value of Music Copyright Climbed to $41.5B in 2022

How Spotify’s new model could accelerate a forking of music

Spotify’s new royalty model is the latest attempt to try to bring streaming royalties in line with the dynamics of todays’ streaming market. It has many laudable objectives and intentions, but there is no escaping the threat perceived by artists and companies that operate in the long tail. With many of those artists set to no longer collect even paltry royalty statements, the question is what those artists will do next.

Source: How Spotify’s new model could accelerate a forking of music

Pex claims streaming services have a ‘modified audio’ problem 

Since then it raised a $57m funding round in February 2021, and then powered the launch of a new collecting society called RME focused on royalties from user-generated content. Now Pex is banging another drum to alert the music industry to a potential problem: ‘modified audio’. That means music tracks that have been modified: most famously with sped-up songs in apps like TikTok, but also other kinds of alterations designed to evade takedowns.

Source: Pex claims streaming services have a ‘modified audio’ problem – Music Ally

For artists to earn better compensation from NFTs, there needs to be more trust in Web3

Web3 ecosystems, built on blockchain, are supposed to provide artists with greater control over how their work is distributed and the compensation they receive in return. But the reality isn’t so utopian. “The thing about smart contracts is that they’re neither smart nor contracts,” says Anne Rose, co-leader of the blockchain group at British law firm Mishcon de Reya. “You still have to rely on platforms to enforce them.”

Source: For artists to earn better compensation from NFTs, there needs to be more trust in Web3

Gap between music and video streaming prices widens as Netflix announces $3 hike 

Even as all the major music streaming services have raised their prices in the past year or so (with Spotify bringing up the rear, and Deezer out ahead with two price hikes), they’ve been outdone by the video streaming services, which have been raising subscription prices much more aggressively. Among those who’ve hiked prices this year are Disney+, Max (formerly HBO Max) and Paramount+. Now we can add Netflix to the list.

Source: Gap between music and video streaming prices widens as Netflix announces $3 hike to Premium subscriptions

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