ASCAP and BMI release open letter as the future for consent decrees becomes uncertain

Consent decrees are back in the headlines. These rules govern how performing rights organizations ASCAP and BMI collect fees for use of their catalogs, but now the Department of Justice is reviewing the decrees and considering their end. Today, ASCAP and BMI issued an open letter with their stance on the possible reforms. Continue Reading

Tencent Music and a buyout fund emerge as first possible buyers for Universal Music Group stake

One of the big music industry narratives this year will likely be the expected sale of up to a 50% stake in Universal Music Group. Two very different potential buyers have already emerged. Reuters reported that Tencent Music Entertainment and U.S. buyout fund KKR are each exploring bids for the major label. Continue Reading

Voxnest launches Voxnest Audience Network advertising marketplace

Voxnest announced the launch of a new digital audio ad marketplace to help brands and advertisers secure spots on podcasts. The Voxnest Audience Network is an international marketplace for in-audio advertising inventory that will allow buyers to reach targeted audiences with buys of content bundles curated by proprietary data. Continue Reading

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Edison Research teases 2019 Infinite Dial with milestone YouTube metric

Ahead of the Infinite Dial 2019 presentation next week, Edison Research and Triton Digital have released a preview of this year’s research report. The slide is about trends in using YouTube for music. The video platform has been a notable presence in Infinite Dial studies in past years, and 2019 promises to have more positive numbers for the site. Continue Reading