Reasoned opinions were today sent to Belgium, Bulgaria, Cyprus, Denmark, Greece, France, Latvia, Poland, Portugal, Slovenia, Slovakia, Finland and Sweden, reprimanding them for their failure to codify the Copyright Directive into their national law. Reasoned opinions are formal communications by the Commission stating that a country is failing to fulfil its duties under EU law, and act as an official call for compliance.
B2B music streaming technology specialist Tuned Global has struck a deal with Reactional Music to act as the music backend provider for the Reactional Music Box – the company’s global music delivery platform for games development and consumer markets. What this means in practice, is that Tuned Global will now power the delivery of a rights-cleared music catalog from rightsholders, record labels and artists to Reactional Music’s platform.
Crypto and NFT-sponsored panels, parties and events are everywhere on the Croisette this year. Even the lead sponsorship of Cannes’ May 26 amfAR Gala comes from cryptocurrency exchange platform FTX. The tech start-ups crowding into Cannes this year have new buzzwords — “NFT,” “metaverse,” “Web 3.0” — but their promise to revolutionize and democratize the movie business sounds eerily familiar.
More music companies than ever are pitching tools for creators and rights to track the usage of copyrighted works and enable rights holders to claim royalties they’re owed and collect them. Many of them are impressive – and the music business can’t work properly without them. Sometimes, though, the music business also needs what you might call hammers – tools that can make services that use music pay creators and other rights holders.
From July 19 this year, Universal-owned distribution platform Spinnup will be changing from an “open DIY music distribution service” to a “curated artist discovery and distribution platform”. That’s according to a notice published on the platform’s website this week, in which Spinnup explains that it “will be reducing the number of artists on the platform as we move into this new chapter”.
More long-term Netflix subscribers are canceling their subscriptions, according to a report from The Information. Survey data viewed by the outlet revealed that subscribers who have been with the service for more than three years accounted for 13 percent of cancellations in the first quarter of 2022. The data showed that overall cancellations hit 3.6 million people last quarter, an increase from the 2.5 million cancellations in the past five quarters.
Medallion claims to be building technology that “helps artists create owned and operated digital worlds in web3 to expand fan participation, actionable insights, and economic potential.” Led by The Chernin Group, Medallion’s seed round attracted participation from additional investors from across the worlds of tech, crypto, and music.
Netflix’s Q1 2022 subscriber dip, although modest (representing an overall global decline of 0.1% of total subscribers) points to a future where Netflix must justify its inclusion in monthly consumer bills. Recent price increases at a time of increased cost pressure have resulted in a re-evaluation of the Netflix consumer proposition as Netflix is no longer perceived as a utility by its customer base.
Should Spotify have been bolder in its price rises to date in various crucial markets (such as the US, UK, and Germany)? In particular, should SPOT have upped the$9.99 / €9.99 / £9.99 monthly individual Premium subscription price point it’s been clinging to since 2008? The evidence suggests yes, it quite possibly should have.