Included in what Primary Wave describes as a “multi-million-dollar deal”, are Leonard’s share of a number of hits from Leonard Cohen such as You Want It Darker, It Seemed the Better Way, and If I Didn’t Have Your Love. The deal also encompasses his share of songwriter royalties from his work with Madonna. Songs include a number of her No.1 hits such as La Isla Bonita, Frozen, and the classic Like A Prayer.
For Q1, the company reported a gain of 3.98 million in net global streaming subscribers. That was below its previous guidance of 6 million. Meanwhile, Netflix predicted even lower gains for the current quarter: It expects to add just 1 million members in Q2, with roughly zero growth in the U.S./Canada and Latin America regions. As of the end of March, Netflix had 207.4 million paid streaming customers worldwide, up 13.6%.
On Friday, the Mechanical Licensing Collective (MLC), which officially launched Jan. 1, made its first distribution of mechanical royalties to rights holders for the month of January, paying out $24 million out of about $40 million collected from digital services.
Last month, New York-based music and entertainment investment firm Influence Media Partners launched a fund to invest in what it described as “award-winning catalogs of some of music’s most influential female music creators”. Today, Influence Media has announced its first acquisition as part of the partnership with MERS.
Aku, a young Black astronaut NFT character created by Micah Johnson, an artist and former MLB player, has been optioned for TV and film projects by Anonymous Content and Permanent Content, a joint venture of Shawn Mendes and his manager, Andrew Gertler. It’s believed to be the first time that an NFT property has been optioned by a major production company.
Rebalancing the Song Economy shows that we live in an era where the song fuels everything: whereas albums used to be the go-to consumption format, the dominant currency in streaming is individual songs; data shows that when people use a streaming platform such as Spotify, they search more for songs than they do for artists. That means songwriters are more important than ever – but, if you are a songwriter, the system is dysfunctional.
Did Netflix overpay for two films that in a pre-streaming world would have been seen as reliable bets to release in theaters when a studio didn’t have blockbusters to offer? Or, since creating successful new franchises is no easy proposition, did the company make a shrewd business move that will pay dividends for years to come?
The major Hollywood studios have put a lot of effort into making their content available online. There’s an abundance of streaming options and more content than ever before. Still, despite this progress, many international fans of popular TV-shows are still driven to pirate sites, as legal options are abruptly taken away. Why?
A handful of Europe’s biggest clubs — or at least its most profitable clubs — under the cover of darkness late Sunday evening released a letter outlining plans to form a breakaway European Super League, consolidating the power and money for European club football in the hands of those few owners. Unsurprisingly, it boils down to broadcast rights.
According to Art. 17 of the DSM Directive, the European Commission must develop guidelines with the participation of all relevant stakeholders. In particular, “best practices” are to be developed there, with special consideration of the fundamental rights affected. After many years of difficult negotiations, the EU Commission has now announced that the guidelines should be presented on April 19.