All about copyright, understanding music licensing, and government regulations.
At 5:15 Eastern U.S. time, the Copyright Royalty Board released the outline of its Webcaster IV ruling, setting royalty rates paid by Internet radio to music labels for the 2016-2020. Pandora’s rate: $.0017 per stream for non-subscribing listeners. SoundExchange wanted that number to be $.0025. Continue Reading
SoundExchange released its third-quarter figures for payments made and received from digital radio. The rights manager paid out $204 million in the quarter to 87,219 payees. The timing of this release is pointed, as today the Copyright Royalty Board is slated to release its decision on the statutory royalty rates to be paid by non-interactive streaming platforms during 2016-2020. Pandora is one of the bigger players to be impacted by this ruling, but SoundExchange has just as much on the line. Continue Reading
As the webcasting universe turns its expectant and apprehensive gaze toward the U.S. Copyright Royalty Board (CRB), which will issue new webcasting royalty rates for 2016-2020, Pandora Media has more skin in the game than any other webcasting distributor of music — in a sense. The company has another path to potentially go down. Continue Reading
The Copyright Royalty Board (CRB) will outline new webcaster royalty rates tomorrow (Wednesday). Media attorneys Jay Rosenthal and David Leichtman weigh in with anticipatory comments. Continue Reading
Online radio company Pandora has signed a multiyear licensing agreement with Warner/Chappell Music. The public statement about the partnership says it will offer increased rate certainty and product flexibility for Pandora, while Warner/Chappell receives improved royalties for its songwriters. Continue Reading
As the webcasting world is poised with anticipation, The Copyright Royalty Board (CRB) has just announced that its royalty rate-setting decision will be publicized on Wednesday. The ruling deadline is Tuesday, and the CRB will deliver its ruling to the Register of Copyrights, and the proceeding participants, for review and removal of sensitive information that will be redacted from public documents. Continue Reading
The Copyright Royalty Board (CRB) will finalize the Webcaster IV proceeding today. Here’s the background, the players, and what’s at stake.
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It was a short run. Aurous has formally settled with the RIAA for $3 million and has officially shut down. Aurous appeared on the scene in October, promoting itself as a free (and ad-free) streaming platform that pulled music from licensed third-party sources. Continue Reading
Pandora has added another direct licensing deal to its arsenal, this time with independent outfit SONGS Music Publishing. Details of the multi-year agreement were not disclosed. “Now is the time to move past the over-regulation of songwriter rights and towards a market-based approach to streaming music,” SONGS’ Matt Pincus said. Continue Reading
Pandora issued a follow-up press release today, after announcing yesterday that the company is issuing a $300-million debt offering to institutional investors. Pandora stock closed down 11.5% yesterday, and has inched downward another 2% this morning, nearing the year-to-date low of $11.51 per share. Continue Reading
One aspect of the music licensing ruling expected from the Copyright Royalty Board (CRB) has been delivered, as an answer from the Register of Copyrights to a question posed by the CRB. The question? Whether webcasters could pay different royalty rates to major labels and non-major labels. Continue Reading
Broadcast law attorney and guest columnist David Oxenford explains the difference between interactive and non-interactive music services in the context of Adele’s new album release, which is withheld from on-demand listening platforms like Rhapsody and Spotify. Continue Reading