While songwriters should, in theory, be major beneficiaries of the shift to streaming (in the UK and Europe, song rights are allocated almost double the revenues from a stream than they received from a CD sale), in practice their revenues are reduced significantly by gross inefficiencies in our arcane and byzantine system of collection and distribution.
Disney is beginning to take a closer look at content spend. Disney is not alone here (Netflix and Warner Bros. Discovery executives have also indicated that they will be keeping a close watch on content budgets), but the company’s quarterly report gives some indication that the Mouse House is already making tweaks.
Catching Netflix, which then had over 165 million subscribers, was an almost unthinkable prospect for Disney on November 12, 2019. But just 31 months after it launched Disney Plus, surpassing Netflix in global scale is no longer a matter of if, but when. And “when” is probably later this year.
The electronic music duo The Chainsmokers are best known for catchy hits like “Closer” and “Paris,” but they have also made a name for themselves as Web3 innovators. The latest example comes with the release of their new album “So Far So Good,” which will include a drop of 5,000 that will let fans share in 1% of the royalties.
Throughout history, Congress has established expert agencies to oversee important parts of the American economy — from agriculture to drugs to railroads. Now amid growing concerns about the power of Silicon Valley, a Democratic senator suggests reforming current institutions isn’t enough: a new federal watchdog is needed to regulate the country’s most influential tech companies.
The Italian telecoms regulator AGCOM already has tools at its disposal to fight piracy but legislation winding its way through the corridors of power will move things to a new level. In addition to making it easier for copyright holders to disable access to identified infringing content at the ISP level, similar powers will enable urgent and precautionary blocking even before an infringement takes place.
Pond5’s customers include the likes of Netflix, Disney, NBC, BBC, Discovery Channel and The Wall Street Journal and its collection includes 30 million licensable video clips. The company also runs a royalty-free stock music service, with a library of 1.6 million music tracks and 1.7 million sound effects assets, which Shutterstock now owns, following a $210 million cash deal to acquire Pond5.
In February, following a much-publicized licensing dispute, multiple comedians (and Word Collections clients) sued Pandora for allegedly failing to license their comedy albums’ underlying compositions. Now, Pandora has fired back with a countersuit.
Tesla billionaire and future Twitter owner Elon Musk says he’s “very much on the same page” as the European Union about the Digital Services Act. Musk appeared in a short video alongside EU Commissioner Thierry Breton to confirm his support for the DSA, which — among other things — requires large platforms to police illegal content and assess the risk of harm their services pose, including from disinformation.