Music rights investment firm democratizes long-tail sale of song catalogs

Called the Catch Point Catalog Acquisition Program, the goal is to allow mid- and lower-level songwriters monetize their compositions. The company hopes to realize long-tail value which can be accumulated through many purchases of small catalogs. Click for details. Continue Reading

Spotify opens audiobooks to its biggest market. (U.S.) Also, more books. And research.

Five weeks after launching its audiobook category, Spotify has opened it to Premium U.S. subscribers. The original plan limited the audiobook experience to U.K. and Australian listeners. Now these three territories are granted 15 hours a month for book listening. Spotify did some audiobook listening research, too. Continue Reading

Spotify’s 2024 royalty scheme shifts payouts upward; significance is debated

Spotify has announced change to its royalty payout calculation, limiting royalty eligibility to tracks which exceed 1,000 streams per 12-month period. Whereas in the past, sub-1,000 tracks earned negligible royalties, now those tracks will be taken out of the calculation entirely. This change will create meaningful results. Continue Reading

Global double-digit revenue growth for music creators as digital overtakes broadcast (CISAC)

The International Confederation of Societies of Authors and Composers has released its Global Collections Report 2023. The densely informative document documents worldwide revenue earned by creators across five media types: Music, Audiovisual, Visual Arts, Drama, and Literature. The focus here is music, where the creative side represents composers and songwriters. Click for key metrics, graphs, and a link to more. Continue Reading