ASCAP says YouTube deal will boost its video payouts

It’s long been muttered at music-industry conferences – occasionally on-stage into a microphone – that if there’s one company best-placed to have built a ‘global repertoire database’ it’s YouTube, courtesy of the data inflow from official music-video uploads plus reference files for its Content ID technology.

Source: ASCAP says YouTube deal will boost its video payouts

Spotify surpasses 140m active users – up by 100m in just three years 

Spotify has officially confirmed that its platform’s audience is now made up of more than 140m monthly active users. The figure represents a 40m climb on the  figure Daniel Ek announced this time last year – and is up by a very impressive 100m people compared to May 2014.

Source: Spotify surpasses 140m active users – up by 100m in just three years – Music Business Worldwide

Spotify has guaranteed to pay big music labels billions over the next two years 

Spotify’s revenue grew more than 50 percent, to $3.3 billion last year. And in order to grow more, the music streaming company will pay music labels billions of dollars over the next two years. In financial filings released this morning, Spotify says it has agreed to pay more than $2 billion in minimum payments to record labels over the next two years.

Source: Spotify has guaranteed to pay big music labels billions over the next two years – Recode

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