SoundExchange Q1 report: “Off to a Fast Start”

SoundExchange, which collects and distributes label royalties from streaming music, released its Q1 2017 report this morning, citing growth statistics compared to Q1 2016. It’s a growth story of participating musicians, even as Pandora — the largest single contributor to label royalties from webcasting — reduced its involvement in this particular payment system. Continue Reading

Russian social network launches streaming service backed by label deals

Russian social media platform VKontakte has successfully launched a built-in music service. The company has been working toward this goal for some time, and now it has secured licensing deals with all three of the majors and with indie label network Merlin. The service, which often draws comparisons to Facebook, had 410 million accounts as of January 2017. Continue Reading