Feed.fm secures financing round for its unique B2B music licensing service

Most of the top online radio and streaming services place their focus squarely on individual people as their listeners. Feed.fm is turning the idea of digital music into a B2B product with its “music as a service” offerings. VentureBeat reported that Feed.fm recently secured a $1.2 million round of financing that will go toward hiring new talent for the six-person team. Continue Reading

Universal makes good on plans to put its catalog online

Universal Music Publishing Group has followed through on the plans it made earlier this summer to list its catalog online. For starters, the online Song List only includes the portions of its catalog written by members of the ASCAP, BMI, and SESAC performing rights organizations. The company plans to expand the list over time. Continue Reading

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SoundCloud introduces advertising and new monetization program; what will artists think?

For the first time in its history, the streaming service will begin running advertisements for U.S. listeners. “The introduction of advertising is an important step for creators,” Founder and CEO Alex Ljung said. “Every time you see or hear an ad, an artist gets paid.” The company also debuted plans for a creator partner program called On SoundCloud that aims to aid members in turning their music streams into revenue streams. The crucial note in SoundCloud’s discussions of this change is its focus on the artists. Continue Reading

Sony puts entire catalog online, positioning for licensing independence

Sony/ATV/EMI announced that its complete catalog of songs is now visible on its website. “As the world’s leading music publisher we want to ensure that existing users, prospective licensees and those with a need to access our extensive song list are provided with that capability,” said Martin Bandier, the company’s chairman. Continue Reading

Webcasters take note: U.S. government wants your suggestions to fix music licensing

Music licensing is a mess — few people or companies would disagree. The copyright arm of the U.S. government is thinking about change. As part of the process, the U.S. Copyright Office is initiating a Music Licensing Study, and seeks comments. If the Copyright Act is headed for reform, this is the webcaster’s opportunity to be part of the process. Continue Reading

How much money Pandora saves in the ASCAP court verdict

Pandora just saved about $21-million. The recently concluded ASCAP vs. Pandora trial could be framed as a draw, with the disputed royalty rate to publishers maintained. But crunching the arithmetic shows the court decision comes much closer to Pandora’s desired outcome than ASCAP’s, and provides a view of how much money Pandora saved — or ASCAP lost, depending on the viewpoint. Continue Reading

ASCAP trial decision: Pandora wins unchanging royalty rates

The ASCAP vs. Pandora rate-setting trial, brought before a federal judge to determine how much Pandora must pay music publishers and composers to play recordings of their music, has ended in a preservation of Pandora’s existing rate. While Pandora hoped to lower that rate by a small amount, ASCAP hoped to raise payments by up to 62% Continue Reading