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Application process begins for the Music Modernization Act’s Mechanical Licensing Collective

The passage of the Music Modernization Act in October was hailed as a watershed moment for the industry, a big step to bring the law in line with the latest trends in how and where music consumption happens. Work has now begun to enact one of the Act’s critical measures. Continue Reading

Google Assistant tops smart speaker IQ test from Loup Ventures

Just how smart are smart speakers? Loup Ventures has released the results of its annual Smart Speaker IQ Test, and the report found that Google Assistant is currently the brainiest of the bunch. In a test of 800 questions, Google’s voice platform answered 88% correctly. Continue Reading

Warner Music Group fiscal year revenue exceeded $4 billion for the first time

Warner Music Group released its financial results for the fourth quarter and fiscal year ending September 30, 2018. Quarterly revenue increased 13.3% to $1.039 billion, with $596 million of that stemming from digital sources. For the full fiscal year, total revenue was $4.005 billion, up 12%, and total digital revenue for the year was $2.252 billion. Continue Reading

Midroll Media studies find 4.4 times better brand recall from podcast advertisements

Midroll Media released a roundup of all eleven podcast ad effectiveness studies it commissioned from Nielsen during 2018. The studies demonstrated positive results for podcast advertising. The first top-line result is that the format generated up to 4.4 times better brand recall than display advertisements. Continue Reading