Cinq Music has completed a $20 million Series B rounded funded by GoDigital Media. Cinq will use the funding to purchase music rights, both masters and publishing, and to further expand internationally.
Startup Paperchain has launched a survey to gauge the scale of the music industry’s problem with unattributed royalties and unidentified rights owners. The company is hoping to receive responses from publishers, labels, collecting societies, artists (and thus managers), digital service providers and distributors.
Watermarking and DRM can be used together, but the major U.S. e-book retailers aren’t supporting it. So in practice, it’s generally either one or the other, or neither.
Representatives Jim Sensenbrenner (R-WI) and Suzan DelBene (D-WA) have proposed a bill to establish a searchable digital database. The database would contain historical and current copyright ownership and licensing information.
Spotify is close to agreeing a new licensing pact with Warner Music, the last big music royalty deal it needs before pushing ahead with a US stock market listing, four sources familiar with the situation said.
Some music industry executives are worried that the Dept. of Justice’s appeal of BMI’s victory against full-works licensing will proceed to trial without the new administration and its DOJ appointments weighing in on the issue.
Po.et has previously raised $1 million USD in a pre-sale of tokens from media veterans, institutional investors, and Blockchain entrepreneurs. Now Po.et is aiming to raise an additional $9 million USD through the sale of the POE token, which represent a share of revenue generated from commercial activities on the Po.et network.
Pandora, SoundExchange and the RIAA are joining together to support the CLASSICS Act, a bill in the U.S. Congress that would benefit artists and music creators who recorded music before 1972 by establishing royalty payments whenever their music is played on digital radio services.
Music royalties last 70 years beyond the longest living participant’s life, which, if all goes well, makes a very long-lived income stream. Just how long that stream lasts and how much it pays is very much an open question, however.
As Spotify works to hammer out its final major-label licensing deal with Warner Music Group, controversy over its playlisting of songs by “fake” or pseudonymous artists has not only enraged label partners but could cost the streaming service at the negotiating table.