|Policy
The Digital Media Association (DiMA) trade group that was an integral music industry ally to get the Music Modernization Act passed into law last year has tapped Garrett Levinas its new CEO. For the last 26 months, Levin has served as senior vice president/deputy general counsel for intellectual property law and policy at the National… Read More about Garrett Levin Joins Digital Media Association as CEO
Revenue from music-streaming platforms now accounts for three-quarters of the music industry’s top line, as subscriptions to services including Spotify Technology SA, Apple Inc., Amazon.com Inc. and others in the U.S. grew 42% in 2018 to top 50 million for the first time.
Fueled by tremendous creative output by groundbreaking artists and now more than 50 million paid subscriptions, the U.S. music industry experienced its third year of consecutive growth in 2018 with retail revenues up 12% to $9.8 billion. Streaming now comprises 75% of total industry revenues. Vinyl continues to be a bright spot for the physical… Read More about RIAA 2018 Year-End Music Industry Revenue Report
The Hatch-Goodlatte Music Modernization Act was signed into law on October 11, 2018. The act has been termed a music industry peace treaty of sorts, as it is designed to address years of issues and compromise between music streaming technology companies, such as Spotify, and artists and record labels.
After years of being overlooked by the music industry’s rapid adoption of streaming and bigger royalties, independent artists may finally see a bigger slice of the pie, thanks to a new laws that govern digital music and royalty payments.
Who will be 2019’s breakout artists? By checking in with our curators, analyzing music industry trends and poring over data from Pandora and Next Big Sound, we’ve selected the singers, rappers, DJs and bands we believe are poised for greatness in the coming year. Whether you’re into hip-hop or R&B, country or K-pop, rock or Latin, there’s a new face… Read More about Artists to Watch 2019
By the time Roger Lynch took over as the company’s fourth CEO in four years, the chances of rising from the ashes were slim. “Everyone wants to feel like they’re on a winning team, and employees really loved the company but felt like it was losing,” Lynch tells Rolling Stonenow, almost exactly one year after he… Read More about The Spectacular Existential Crisis of Pandora
SiriusXM said Monday that it is acquiring Pandora in a $3.5 billion deal that aims to create an all-encompassing digital audio offering that will reach some 100 million users in their vehicles, in homes and on mobile devices. During a call with investors this morning, Jim Meyer, chief executive at SiriusXM, said many potential new… Read More about Here’s Why SiriusXM is Purchasing Pandora for $3.5 billion
You may have noticed that big things are happening at Pandora. Earlier today, we announced that we’ve entered into an agreement to be acquired by SiriusXM, in an all-stock transaction, valued at approximately $3.5 billion. Here’s what this means for our listeners, and why we’re excited.
There are a number of separate copyrights in music, but the history of ASCAP, BMI, SESAC and the broadcast industry involves only one, the “small” or “non-dramatic” public performance right.