Music, video and other artists are earning a record $10.8 billion in royalties a year, according to industry group CISAC. But in a swipe at digital services, the CISAC industry group’s Director-General Gadi Oron said that artists “are fighting for the best licensing terms and the highest royalties possible in a world where powerful users are determined to avoid, or minimize, paying a fair return for their work.”
Spotify Publishing Analytics will give publishers daily streaming statistics for the works and recordings they have identified, including playlist performance, as well as the ability to view data for each of the songwriters on their roster. Spotify says that the new platform won’t change the way publishing royalties are currently accounted or paid.
YouTube has claimed that it paid out over $1.8bn to music rights-holders in the 12 months to the end of September this year, in advertising revenues alone. The figure is revealed in Google’s new ‘How Google Fights Piracy’ report, in which it’s also claimed that YouTube has paid out more than $6bn to the music industry to date – $3bn of which has come from the monetized use of music in videos via Content ID.
Despite reporting third quarter results that were largely in line with or even ahead of expectations, Spotify’s share price dropped by more than 6 percent in the aftermath of its earnings release on Thursday. The drop was largely driven by fears of slowing user growth and the company’s plans to “accelerate the pace of investment in R&D and Content in 2019”, which would likely reduce operating margins for the “foreseeable future”.
Equiti Games is “bringing back ownership to digital games with the ability to give your game to a friend or sell your game after you’re done playing it. We are also addressing game publishers’ loss of revenue to gray markets by giving developers a percentage of pre-owned game sales. GameStop earned over $2B in pre-owned sales in 2017 and game developers made nothing.”
Early in 2018, Popgun began developing an AI to play drums, then bass, and then to have the two play together, as well as with the piano. And then between March and July this year, the work began on supporting human vocals, with an AI capable of composing an original backing track when given a human vocal loop.
Recently signed into law, the Music Modernization Act provides a much needed update to existing copyright laws.. While certainly a good first step, this piece of legislation was just the beginning of what’s needed. And there is plenty of material to enrich that tune.
If the newly passed Music Modernization Act (MMA) delivers more streaming revenue to music publishers and songwriters, who will see their slice of the pie shrink? That’s a question weighing on the minds of some record-company executives as the industry wraps up its celebration over the passage of the historic act and prepares to carry out the new law’s mandates.
Spotify will charge for some Spotify For Artists products and services, CEO Daniel Ek stated during last week’s earnings call. While “unlikely” that the it will charge for data, this mark’s the first time that the streamer has said it will monetize any of the services that it has touted as empowering creators.
Universal Music Group has agreed a deal to license its catalog to Boomplay, the streaming and download service which covers multiple markets in Africa. UMG becomes the first major music company to license the service, which is the most popular streaming service in the region.