CISAC, the organisation that brings together all the song right collecting societies around the world, has published its annual Global Collections Report, bringing together all sorts of data and figures for 2015. Together, monies collected by all those collecting societies topped €7.5 billion last year, up 8.5% year-on-year.
CISAC also counts amongst its membership some collecting societies that represent other groups of creators from the audio-visual and visual art communities, meaning that the total figure recorded in the report is €8.6 billion.
Source: Song right societies collected €7.5 billion last year, says CISAC report | Complete Music Update
Google’s YouTube struck a deal with German royalty-collection group Gema to pay licensing fees and unblock thousands of music videos in Europe’s biggest economy after seven years of legal battles.
The agreement signed Tuesday means that about 70,000 musicians and songwriters represented by Gema will get paid if their content is watched on YouTube, Gema said in a statement. The deal may enable YouTube to introduce its Red music and video subscription service in Germany, which the agreement also covers, Gema said.
Source: YouTube’s Seven-Year Music Battle Ends in Germany – Bloomberg
According to to new calculations released by Manatt, Phelps & Phillips, LLP, signing to a major label can cost an artist dearly when it come to streaming royalties. Specifically, an unsigned artist can expect to receive nearly four times the royalty from streaming than an artist signed to a major label.
Here’s a quick breakdown of what a major label artist can receive from every dollar of streaming revenue. This assumes that the artist wrote 100% of the music, and is the sole performing artist.
Source: An Indie Artist Makes 4X More from Streaming Than a Major Label Artist
On-demand streaming services Spotify, Apple Music, Tidal, Deezer, Rhapsody, and others collectively paid nearly $1.6 million in guaranteed payments a day to just three major recording labels last quarter. Total ‘minimum guarantees’ topped $144 million over the 91 day period, a figure that likely doesn’t include preferred advertising inventory and other juicy perks.
Benefiting from the guaranteed payments are Universal Music Group, Sony Music Entertainment, and Warner Music Group, a trio now wielding massive power over the fate of companies like Spotify.
Source: Spotify, Apple, Tidal Paying $1.6 Million a DAY In Major Label Guarantees…
Tel Aviv based music tech startup Revelator has raised an additional $2.5 million to expand its b2b digital music distribution, sales, licensing and analytics platform. The Series A round was ld by Exigent Capital with participation from the Digital Currency Group and early-stage fund Reinvent. To date, the startup has raised a total of $4.5 million.
“We are talking about a massive $45-billion-dollar per year global music economy, where people are consuming more and more music, and amazingly almost half of royalty payments aren’t finding their way back to the beneficial owner. The majority of players in the media and collective rights industry still rely on outdated means of tracking distribution and payments, and have completely failed to adapt or modernize their infrastructure to properly handle the explosion of data, channels and new business models,” said Bruno Guez, CEO and Founder of Revelator.
Source: Revelator Raises $2.5M To Expand Digital Music Business Platform – hypebot
Online radio platform Mixcloud announced that more than 1 million uploaders have contributed radio shows, DJ mixes and Podcasts to the service. Collectively they’ve made more than 10 million shows available for streaming. On average, listeners stream more than 2 million unique shows monthly.
The lean 15 member team at the 8 year old London and New York based startup has never taken a dime of funding while at the same time paying music licenses from the time it launched. Income is generated from brand partnerships with the likes of Red Bull, Adidas and Coca Cola.
Source: Mixcloud Attracts 1 Million Music Curators With Royalties Paid, No Venture Funding – hypebot
The Copyright Royalty Board (CRB) is currently fielding proposals from stakeholders around a new rate-setting process that will cover 2018-22, a process that is causing high drama in the music industry as stakeholders debate publicly over each others’ proposals.
The highest-profile of these disagreements stems from the National Music Publishers’ Assn. (NMPA) and the Nashville Songwriters Assn. International (NSAI), which have jointly criticized Sony Music Entertainment for its participation in the rate-setting process. Essentially, publishers and songwriters are on one side, and on-demand (or “interactive”) digital music services like Spotify are on the other.
Source: Copyright Royalty Board? Statutory, Mechanical Performance? A Primer for the World of Music Licensing and Its Pricing | Billboard