Relative to the history of music, we’re living in an incredibly unique time where all music is, theoretically at least, available at the tap of a finger or a basic voice command. However, as exclusivity takes hold, we’re going to see this shift, with a slight feeling of how music has previously been to consumers, but with a streaming spin.
The U.S. Securities and Exchange Commission approved a second blockchain company’s request to sell its tokens to the public on July 11, a day after breaking ground by greenlighting its first public cryptocurrency sale. The SEC’s approval of live streaming platform YouNow’s Props token offering falls under Reg A+, which allows startups to raise up to $50 million in a public offering with fewer disclosures than a full IPO requires.
YouTube has revamped its manual copyright claim system, which now requires copyright owners to provide time-stamps indicating where their content appears in videos without the proper license. The updates, announced by project manager Julian Bill in a blog post, are intended to ease confusion around the manual claim system and make it easier for creators to remove infringing content associated with claims.
From Apple to Disney to AT&T, most of the major players who are on the guest list this week at the tony C-suite conclave are making huge investments in storytelling for a new era of streaming on-demand platforms. “The arms race for writers and how do you compete in this new changing world — that’s what I want to hear about,” said one longtime conference attendee who expects the streaming wars to dominate conversation this week.
Lil Nas X’s ‘Old Town Road’ is both a chart-topping phenomenon and a turning point for the music business. The 20-year-old rapper was a virtually unknown Tweetdecker when “Old Town Road” was embraced by TikTok influencers as the background music to something called the “Yeehaw challenge,” where users transformed into cowboys at the drop of a beat. In the three months since, their collaboration shot to the top of the Billboard Hot 100, where it has spent 12 weeks.
In the new report, Music Canada — which represents the major record companies in Canada and works to support and develop the music sector — is calling for the Canadian government to “rebalance the music marketplace and restore fairness to the creators of music,” it states in the press release that came out after the event.
As technology develops to the point where AI is capable of creating original music, questions are being raised as to whether this computer generated music, and the people behind the code that make it possible, should be granted the same legal protections as more traditionally created music.
Entering the correct information about a song sounds like it should be easy enough, but metadata problems have plagued the music industry for decades. Not only are there no standards for how music metadata is collected or displayed, there’s no need to verify the accuracy of a song’s metadata before it gets released, and there’s no one place where music metadata is stored.
IP assets are digital-first products. Weightless, easy-to-copy files are quite ideal to store and distribute over a network, if file size and bandwidth permits. That ‘easy to copy and distribute’ part of IP is what makes blockchain such an effective companion on the commercial journey.
As the U.S. Copyright Office nears a decision on which nonprofit group will operate the newly created digital licensing organization, the bid widely believed to be the favorite for the work is pushing back against criticism that its application is rife with conflicts of interest.