Guvera raises $100 million; looks to IPO next

Guvera announced that it raised $100 million in a financing round over the holiday weekend. The streaming service’s leaders said they would next be turning their attention to an IPO, with plans to list on the Australian Securities Exchange or Nasdaq. “It’s a pre-IPO round…but we haven’t set any timeline,” CEO Darren Herft told The Australian Financial Review. Continue Reading

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From the Copyright Office: All labels equal in music royalty rates

One aspect of the music licensing ruling expected from the Copyright Royalty Board (CRB) has been delivered, as an answer from the Register of Copyrights to a question posed by the CRB. The question? Whether webcasters could pay different royalty rates to major labels and non-major labels. Continue Reading

David Oxenford: Adele’s New Record is Not on Online Streaming Services – Except Where It Is – The Difference Between Interactive and Noninteractive Streaming

by David Oxenford

Broadcast law attorney and guest columnist David Oxenford explains the difference between interactive and non-interactive music services in the context of Adele’s new album release, which is withheld from on-demand listening platforms like Rhapsody and Spotify. Continue Reading