The National Music Publishers’ Association, the Nashville Songwriters Association International and Sony Music Entertainment have all submitted a joint agreement with the Copyright Royalty Board that will settle ongoing disagreements over the proposed new statutory mechanical royalty rates from 2018-2022.
Similar to NMPA’s previously announced settlement with record labels Warner Music Group and Universal Music Group, the agreement includes a roll-forward of rates covering physical products, digital downloads, and ringtones.
Source: Sony Music Settles Months Long Dispute With Songwriting Community – hypebot
Ten years ago there were many discussions about ‘remix culture’ as a concept. Now we live inside it. Through internet memes, images get shared with captions to put their meaning into a new context. Online creator communities, like the nightcore subculture, do the same with music.
It has become so easy to alter and distribute works that recorded music is used as a medium to rapidly communicate creative concepts with groups of peers, primarily on Soundcloud.
Source: Projecting Trends: Moving Beyond the Static Music Experience
Apple Music may be preparing for a major price drop, according to a pair of sources working closely with the streaming service. If implemented, the drop could be as much as 20%, which would put the final monthly price below $8. The change, if implemented, would allow Apple to minimize any damage from a seriously undercutting Amazon Music.
The sources are not inside Apple, but have been working closely with the Apple Music service since its launch. They also emphasized that the changes are still under discussion, albeit ‘under serious discussion’. Still, there are valuation debates underway, and the price chop may not be implemented.
Source: Apple Music Price Drop ‘Under Serious Consideration,’ Sources Say
The steady march of progress through technology has radically altered the way many industries operate, and perhaps nowhere is that effect more evident than in the music industry. The movement toward digital media has changed everything from the way music is produced to the way it is discovered, purchased and consumed by listeners.
Now, the Internet of Things, and in particular the rise of interconnected “smart” home technology, promises to once again revolutionize the way the music industry operates and engages with consumers. Rather than being tethered to a PC or laptop, listeners equipped with smart tech can now discover and stream music seamlessly throughout their homes.
Source: Smart Home Technology Is Revolutionizing The Music Industry – hypebot
SoundExchange says it is adapting to an age where direct digital performance licenses are more commonplace in the U.S.
As a trusted provider of back office services, it has already inked more than a dozen agreements to be an admin partner to labels, increasing its chances of processing payments from the likes of Spotify and Apple Music for the industry’s big boys.
Source: What does the future hold for SoundExchange? – Music Business Worldwide
Already the place where users went to listen to music, it was easy enough for platforms to become the discovery platform of choice for their users. Spotify’s Discover Weekly hit 5 billion listens just 10 months after launching. With just about 100 million users, that’s about 50 new songs discovered via Discover Weekly per Spotify user.
Now labels have effectively become data companies, looking to the streaming platforms to find the new hot artists. Instead of sending A&R teams out to discover new acts, they monitor things like listens, adds, and skips across platforms to see which artists are worth signing.
Source: The new gatekeepers: Streaming platforms are taking over the music industry — The Village Blog
Grammy Award-winning U.K. singer, songwriter, and producer, Imogen Heap, has pushed a little further her call for the use of the blockchain technology as the solution to many of the issues dogging the present day music industry.
As reported by Real Business, Heap explained why it is time for the industry to reinvent the way people discover new content and the creators get paid after giving the crowd at the Oslo Innovation Week a short performance with her Mi.Mu gestural music gloves.
Source: Imogen Heap Sees Blockchain as the Music Industry’s Savior – CryptoCoinsNews