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Sirius XM to pay $150M in settlement with SoundExchange

Sirius XM has reached a settlement with SoundExchange, ending outstanding claims surrounding royalty payments from January 2007 through December 2017. SoundExchange claimed that Sirius XM had taken deductions and exemptions in calculating its royalty payments. The satellite radio company will make a lump sum payment of $150 million to SoundExchange. Continue Reading

Public media audience expanded in 2017, with NPR digital pushing the growth

Pew Research Center has published its latest data on public media audience, including NPR, American Public Media, and Public Radio International. For most metrics, the three public media houses saw little to some growth, although NPR’s digital platforms continue to be top performers. Continue Reading

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Napster CEO: Streaming growth will bring “a great deal of diversification” in the future

Napster President and CEO Bill Patrizio gave a keynote talk at the Midem conference, offering his insights on the streaming service’s internal plans and the broader streaming economy. He acknowledged that the company didn’t plan to tackle the current market leaders head on, but would continue pursuing other, innovative approaches to music, such as running streaming services for other brands and businesses. Continue Reading

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Sonos Beam soundbar brings agnostic voice assistant to the living room for an entry-level price

Sonos has taken its ambitious next step into the smart speaker space with a new product that supports multiple voice assistants and changes the form factor. The Sonos Beam is a sound bar, a much larger device than the most popular tabletop smart speaker designs currently on the market, that’s capable of providing quality audio for a range of entertainment purposes in small- or medium-sized rooms. Continue Reading

Spotify is reportedly offering hefty advances to land more direct licensing deals

Spotify is reportedly offering advances to managers and indie artists as an incentive to consider direct licensing deals with the streaming service. Billboard reported that the company is offering up to several hundred thousand dollars in advances for managers that agree to license a particular number of tracks by indies directly to Spotify. On the platform, the managers and acts could then earn 50% of the revenue from those songs being streamed. Continue Reading