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SoundExchange’s Annual Royalty Collections Approaching $1 Billion — Due to Pandora

by Angus MacDonald

Intellectual property attorney Angus MacDonald was the first to calculate that Pandora paid more than half of all SoundExchange collections of royalties to record labels. In this column, he calculates a higher percentage for 2015, noting that the growth of SoundExchange royalty collections is tied closely to Pandora, and that the pace is slowing. Continue Reading

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NYT creates audio division for podcast development

The New York Times is making a new foray into audio programming, forming a team to spearhead podcast creation. At first, this new division of the news organization will rely on outside partners, such as its Modern Love podcast produced with Boston’s WBUR, that already have an audience. Kinsey Wilson, the Times’ editor for innovation and strategy, said that no themes or shows have been decided on yet. Continue Reading

Mark Mulligan: Spotify’s Billion Dollar Challenge

by Mark Mulligan

Spotify just changed the rules of the game, raising an unprecedented $1 billion in convertible debt. Guest columnist Mark Mulligan analyzes — what is Spotify’s strategy, and where will growth come from. One key: “The 9.99 subscription model is incredibly difficult (perhaps impossible) to run profitably at scale.” Continue Reading