Pandora will get its $300-million next week as stock nears YTD low and CRB decision looms

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

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From the Copyright Office: All labels equal in music royalty rates

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

David Oxenford: Adele’s New Record is Not on Online Streaming Services – Except Where It Is – The Difference Between Interactive and Noninteractive Streaming

by David Oxenford

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

David Lowery petitions N.Y. Attorney General for publishing royalty investigation

David Lowery, a former professional musician and now an advocate for artists’ rights, has written to the New York Attorney General Eric T. Schneiderman to seek an investigation into unpaid mechanical royalties. This fall has seen some heated debate about licensing payments in the streaming music economy, particularly for publishers. Continue Reading

ASCAP goes public with licensable share data

ASCAP has added information about the share of public performance rights it controls to its publicly available online ACE Database. According to the press release announcing the update, the database changes will support ASCAP’s request to the Justice Department for its members to have greater choice to withdraw certain digital rights. Continue Reading

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Global Interactive Media filing lawsuits over broadcast display patents

Global Interactive Media has gone on a tear of lawsuits on charges that several broadcasting companies have violated its patents. That intellectual property covers an “apparatus and method to generate and access broadcast information.” At this stage, it seems possible that the Belize-based company is looking to make money by pushing litigation over patents of questionable validity. But if the patent claims are legitimate, it could mean one more set of royalty payments for many types of audio companies. Continue Reading