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Music Modernization Act could face a risky final Senate vote today

The Music Modernization Act, a sweeping overhaul of mechanical copyright laws, could face its final hurdle in the Senate today. Billboard has cited sources who claim the legislation could be hotlined for the Senate this afternoon. Hotlining is a process for proposed laws that are expected to be passed unanimously by a verbal vote. Continue Reading

Global music subscriber base continues to grow, led by Spotify

MIDiA Research has released its data on the global market shares held by streaming services at the midway point of 2018. Overall, music subscribers totaled 229.5 million in H1 2018, an increase of 16% from the end of 2017 and up 38% over the year-ago period. Revenue generated by those subscribers in the first half of 2018 reached $3.498 billion. Continue Reading

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iHeartMedia to acquire Stuff Media, publisher of HowStuffWorks podcast network

iHeartMedia announced plans to acquire Stuff Media, the publisher behind HowStuffWorks and other premium podcast content. As a result of the deal, iHeart will be able to leverage Stuff Media’s original content, programming, and podcast management team to continue growing the joint operations. Continue Reading

MusicWatch report sees steady growth in music subscribers, but raises questions behind the data

Monthly streaming music subscribers in the United States now number 51 million, according to a new report from MusicWatch. The report, provided exclusively to Billboard, found that the subscriber base has nearly doubled from the end of 2016. However, MusicWatch did provide a few caveats for the growth. Continue Reading