IFPI CEO explores the financial breakdown of streaming revenue

Posted on by Anna Washenko

The IFPI has thrown its hat into the ring to discuss streaming royalties paid to artists. The group’s CEO Frances Moore penned a blog post about this delicate subject based on IFPI’s own research into the music industry’s financial situation. “The issue is not that artists are getting lower royalty payments from digital services – they are not – but that the overall recorded music market has shrunk, which means smaller revenues for all involved,” she wrote. Continue Reading →

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Pandora denied lower royalty rate to BMI after buying radio station

Posted on by Brad Hill

A federal judge has denied Pandora’s request to reverse an earlier rate-setting ruling, and allow Pandora to pay lower music royalties to BMI. The decision is a mile-marker along a twisting path that involves the market-leading Internet radio service (Pandora), both government-regulated PROs (BMI and ASCAP), and South Dakota radio station KXMZ. Continue Reading →

Test Drive: Cymbal struggles to stand out in social music apps

Posted on by Anna Washenko

Even a cursory glance at the music industry headlines and market research will show that mobile is the wave of the future. We communicate, we entertain ourselves, everything happens on smartphones. In response, we’ve been seeing a surge of startups and programmers exploring just what the mobile music space might look like. This morning I explored an entry into the field of mobile apps for social music. This one is called Cymbal. Continue Reading →