Mechanical royalties debate sparked once again for Spotify

Songwriter and publisher royalties have appeared once again as a sticking point for the Spotify streaming service. The New York Post’s Claire Atkinson is reporting that music publishers and songwriters are looking to receive a portion of Spotify’s equity when the company either goes public or finds an interested buyer. According to her sources, the National Music Publishers Association has been deeply interested in the question of equity since Spotify has been more seriously preparing for a direct listing on the New York Stock Exchange. Continue Reading

Spotify reportedly lands licensing deal with Sony

Spotify has reportedly reached a licensing agreement with Sony Music Entertainment. Unnamed sources told Billboard that the streaming service has inked its second major label deal this year, after announcing an agreement with Universal Music Group in April. Representatives for both Spotify and Sony have declined to comment thus far on the rumored development. Continue Reading

Apple seeking lower revenue share payouts to labels

Apple is reportedly looking to renegotiate its deals with record labels in a move that could reduce the share of revenue it needs to pay out to those industry players. Unnamed sources told Bloomberg that the talks cover both Apple Music and iTunes. The current deals are slated to expire in June, but could be extended if new terms are not reached, according to the sources. Continue Reading

Warner inks YouTube deal despite “difficult circumstances”

Warner Music Group has signed a global licensing deal with YouTube, but the major label still reportedly expressed reservations about working with the video platform. CEO Steve Cooper has reportedly shared an internal memo with WMG that said the YouTube deal was signed “under very difficult circumstances.” Continue Reading