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Text finalized for EU Copyright Directive, potentially placing strict new rules on YouTube and more

The text of the EU Copyright Directive has been finalized, meaning the stage is set for a sweeping legal update that could have unintended consequences for online communication in the bloc. With the final language decided, new revisions cannot be made and the legislation will go to the European Parliament’s legal affairs committee ahead of a final vote, which is expected to occur in March or April. Continue Reading

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Rightsholders could be losing $2.65 billion from businesses using personal streaming for background music

Soundtrack Your Brand, a B2B music provider for physical storefronts, commissioned a study from Nielsen Music into the financial impact of where businesses obtain background music. According to the study, rightsholders could be missing out on a total of $2.65 billion annually due to businesses using the personal streaming accounts of staff members rather than products designed for company and for-profit uses. Continue Reading

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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

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Mechanical royalty overhaul of the Music Modernization Act reaches House of Representatives

Legislation that proposes a mechanical licensing overhaul has been introduced in the House of Representatives. The Music Modernization Act would create a collective to manage the licenses for the mechanical licensing in all digital uses of music compositions. Under the bipartisan proposal, royalties would be based on free market rates of what willing buyers and sellers would negotiate. Continue Reading

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YouTube and Universal Music Group reach licensing deal; Sony may be next

YouTube has signed a new licensing deal with Universal Music Group. UMG did say that the deal would lead to “growing compensation” for its artists, but neither company has disclosed details. “We’re thrilled to strengthen our partnership with Universal Music Group,” YouTube CEO Susan Wojcicki said. Continue Reading