One of the stars and co-creators of the classic rock spoof "This Is Spinal Tap" has filed a $125 million lawsuit after statements from film producer Vivendi allegedly issued statements claiming that total worldwide merchandising income from 1984 to 2006 was just $81 and that between 1989 and 2006 income from soundtrack sales was $98.
Each year the RIAA submits a list of "notorious markets" to the U.S. Government, and this year's list includes torrent trackers, download sites and stream rippers. In addition, the RIAA called out CloudFlare for making it harder to track illegal activity. The full RIAA list of Top Music Pirates & Notorious Markets 2016:
Warner Music Group has filed an offering for $630 million in senior secured notes. The funds will be used to pay of older debt that that the company is carrying at a higher rate. The full press release:
Former top Def Jam and Warner Music Group executive Lyor Cohen has been named the Global Head Of Music for Google's YouTube (more here), and began his tenure with a letter the the YouTube Music Team.
iHeartMedia has confirmed yesterday's reports that it will launch to new streaming music services early next year. The broadcast radio giant joins a crowded sector, but could help drive mainstream adoption of streaming music.
Hidden in the hoopla surrounding Pandora's direct deals last week, and the resulting launch of the Pandora Plus interactive streaming service, was the major blow they dealt to SoundExchange; and the confusion that they are causing indie artists who are wondering how they will be getting paid in the future.