Could it be that the best way for musicians and rights holders to earn more money moving forward it to get more listeners to ditch traditional AM/FM radio in favor of online streaming? According to the math, services like Pandora provide higher payouts for more royalty types than their broadcast competitors.
This week, the National Music Publishers Association and Spotify declared the settlement over unlicensed tracks a smashing success, with 96% of NMPA members signing on. But the fight for fair compensation from Spotify is far from over for many indie publishers and songwriters; and David Lowery, who filed suit against Spotify, explains why.
For a small but significant group of major artists, streaming is evil. While most will let their music go up on YouTube, they vehemently vow to keep it off Spotify, Apple Music and other on-demand music streamers. That is, until they change their mind...
SFX would appear to be running out of options in its efforts to exit bankruptcy. After selling digital marketer Fame House and ticketer Flavorus to Universal Music Group, SFX withdrew its bankruptcy reorganization plan in favor of dealing directly with creditors. Now it's withdrawn a proposed Beatport sale.
New stats put Spotify paid users at more than 35 million. Even more impressively, the music streamer appears to be growing at 2 million subscribers per month. Much of that growth is coming via deep discounts, and those new users are converting much better to $9.99 paid users far better than freemium to paid users are, says Mark Mulligan.
The race for streaming music dominance has heated up in recent months, with Apple Music and Spotify the clear leaders. Today's report that Spotify has 35 million paid subscribers, coupled with yesterday's analysis that shows the rate at which subscribers leave each service, puts Spotify clearly in the lead.