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Spotlight on China: How long will Tencent stay in control?

China is in position to be the next center of international music deals, according to a profile in the Financial Times (paywall). The publication cited data from iResearch claiming that China could see its paid online music market grow 59% this year, reaching about 3 billion renminbi ($455 million). Tencent was responsible for 78% of the Chinese market in 2016, and that dominance has allowed the conglomerate to secure licensing and copyright deals with several of the larger western music businesses. Continue Reading

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Music licensing and streaming platform Jamendo launches in the U.S.

Music licensing platform Jamendo is launching in the U.S. The company specializes in serving independent artists, running both a licensing platform for performers and a free streaming service for private, professional use. It has been operating in Europe for more than a decade, and now is officially bringing its two-pronged business model state-side. Continue Reading

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ASCAP and BMI are making a joint database of rights, licensing information

ASCAP and BMI announced a collaboration that will see the two performing rights organizations create a single comprehensive database of musical works from their libraries. The database will contain an overview of shares and rights information for much of the music licensed in the United States, offering more clarity around music ownership. Continue Reading

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Spotify reportedly close to Warner licensing deal

Spotify has reportedly made progress toward securing a licensing deal with Warner Music Group. Reuters cited four unnamed sources in its exclusive report that the streaming company was moving closer to an agreement with the third major label. The specifics of this alleged arrangement are still being hammered out, but the sources told Reuters that the parties had already agreed to Spotify paying a smaller share of revenue to Warner in exchange for the label’s artists to window their work to paid subscribers for a period. Continue Reading

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Spotify reportedly lands licensing deal with Sony

Spotify has reportedly reached a licensing agreement with Sony Music Entertainment. Unnamed sources told Billboard that the streaming service has inked its second major label deal this year, after announcing an agreement with Universal Music Group in April. Representatives for both Spotify and Sony have declined to comment thus far on the rumored development. Continue Reading