The Fair Play, Fair Pay Act is getting a boost of support from an unusual corner. Two artists rights and management groups in the UK – the Music Managers Forum and the Feature Artists Coalition – have asked members to get involved with the social media campaign to raise awareness for the issue. The legislation aims to pay performance royalties to musicians for their plays on terrestrial radio. Continue Reading
David Byrne joined SoundExchange as a board member back in May, and today he put his star power to work on the Capitol Hill. He joined SoundExchange CEO Michael Huppe in a meeting with Rep. Jerrold Nadler (D-N.Y.), a co-sponsor of the Fair Play, Fair Pay Act. Continue Reading
Sirius XM has agreed to pay $210 million to settle a lawsuit centered on royalties for recordings made before 1972. The settlement covers about 80% of oldies played by Sirius, and allows the satellite radio company to play those labels’ old recordings through the end of 2017. Continue Reading
We recently reported that Taylor Swift’s latest album would not be available through Apple Music. Yesterday, Swift published a Tumblr post explaining why. She questioned Apple’s decision to not pay any royalties to artists, songwriters, or producers for song plays during listeners’ three-month free trials. “These are the echoed sentiments of every artist, writer and producer in my social circles who are afraid to speak up publicly because we admire and respect Apple so much,” she said. Continue Reading
Kobalt, a London-based music company offering label, publishing, and rights services, has launched a new digital rights collection society. The new society is called the American Music Rights Association, and is based on a U.S. collection agency that Kobalt purchased last year. It will offer both mechanical and performing rights services at a global scale. Continue Reading
Brief news items and worthy reads from around the web: Billboard crunches streaming royalty numbers; iHeart’s iOS redesign; Tidal adds feature for indies and emerging artists. Continue Reading
GEMA, a German collection society, announced that its 2014 global revenue was €893.6 million euros (about $950 million). Streaming revenue accounted for €44.8 million, up from €26.4 million in 2013, but GEMA came out with a strong statement against the current royalty split between rights holders, songwriters, and publishers. Continue Reading
Yesterday we looked at the growing number of companies catering to the business needs of independent musicians. Another one appeared on the horizon today. Loudr’s niche is obtaining mechanical licenses for artists and labels that want to monetize song covers through online services. Its new platform for this service is called Loudr Licensing, and it is one of the only options that’s available to any artist interested in getting a mechanical license. Continue Reading
Brief news items and worthy reads from around the web: Introducing the first all-digital radio transmitter; Variety reports on YouTube after a decade; Adweek on streaming finances. Continue Reading
The Songwriter Equity Act has been reintroduced to Congress, which could lead to changes in how royalties to composers are calculated. The act, which was initially introduced last February but not passed, seeks again to amend two sections of the Copyright Act. Continue Reading
The Society of Composers, Authors and Music Publishers of Canada announced its financial results for 2014, and revealed $299 million in revenue from domestic, international and private copying proceeds. The figure broke last year’s record high of $276 million. Within that total, the organization received $20 million in revenue from Internet streaming companies, up from $3.2 million in the previous year. Continue Reading
Pandora and BMI are scheduled to go to court tomorrow and hash out the legal issues surrounding the streaming company’s royalty payments to the performing rights organization. BMI is seeking 2.5% of Pandora’s revenue for royalties, up from the 1.75% that it currently pays. Pandora wants a rate of 1.7%, comparable to the rates paid by most terrestrial radio stations. Continue Reading