Earlier today, we reported that synch licensing site Music Dealers had shut down leaving many artists that made music available through the site upaid. Now, Eric Sheinkop, the founder who raised more than $9 million to fund Music Dealers but has since left to co-found shopping startup desirelist, has responded to the closure:
UPDATE: A music tech startup going out of business is often just another sad story. But Music Dealers raised big money and cut big deals. Now it's founder has moved on to a glitzy new startup co-founded with a former exec of the defunct synch licensing site's top former clients. The result: many artists are left without payment. Now. Music Dealers has responded.
Terry McBride and Nettwerk Music were once the darling of the new music industry for championing progressive flat licensing and a willingness to work with music tech startups. So it seems fitting that Nettwerk's 18,000 song catalog has been acquired by another company working to shake up publishing and the music business.
Bars, clubs and like businesses will frequently play recorded music as well as hiring live bands. To do so, however, said venues must pay performance rights organizations fees in exchange for the use of their copyrighted material. Here we breakdown how the laws surrounding these sorts of transactions work.
Apple has proposed a streaming royalty rate with the Copyright Royalty Board as part of a preceding to set statutory rates for downloads and interactive streaming services. The proposed rate, intended to simplify the way on-demand streaming services like Apple Music and Spotify pay songwriters and publishers, is 9.1 cents for every 100 streams of a song.
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.
Although many active members of the copyright community have been requesting that some form of small claims court be set up as an alternative to filing a federal lawsuit, a new bill being introduced with this theoretical purpose is riddled with issues, and could be primarily utilized by copyright trolls.
The European Commission will decide this month whether Sony/ATV may finalize its purchase of the Michael Jackson estate’s stake in its joint venture. Music companies and digital services have been invited to complete a survey pertaining to how to $750m buyout could alter or damage the music business in the future.
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.
Condemnation of a new U.S. Department of Justice position allowing 100% licencing of songs has been nearly universal within the music publishing community. In a show of unity, three independent music trade groups have issued a joint response.
To any musician who feels overwhelmed by the craziness of the music industry - you are not alone! Learning how to navigate your career and market your own music is a daunting task. But there are SO MANY resources out there for you, full of useful tips and advice. Of course, sometimes even the advice can seem overwhelming. Who should I listen to? Does anybody really have all the answers? Which of these countless books do I read?
The U.S. Department of Justice has chosen not to amend the 1941 consent decree and is moving ahead with the interpretation that PROs must use 100-percent licensing. The two-year process to amend the consent decree would have made it so music publishers had the right to withdraw digital licensing from the blanket licenses offered by ASCAP and BMI.
The U.S. Department Of Justice is set to allow 100% music licensing - the practice of letting one owner of a song to license it for any use without permission from other stakeholders. This decision comes despite strong objections from songwriters and publishers, and will cripple ASCAP and BMI, says Attorney Chris Castle.