Based on a study by Pandora-owned music data analytics company, Next Big Sound, within the first six months of the year 2015, “music was streamed over one trillion times across various services.” The data was collected based on streaming platforms such as Spotify, YouTube, Radio, Vimeo, Vevo, Pandora and SoundCloud - not including Apple Music and TIDAL.
Apple Music has reached 11 million subscribers within the first 4 weeks of its launch, currently making it the 6th largest music streaming service. It is important to note that these are all still free users, and they account for only 2% of the 500 million iPhone users.
Although some claim that now is the best time in history to be a musician, many artists have great difficulty in accessing information regarding the rights and usage of their music. That can be detrimental, not only to their career, but it also makes life difficult for anyone wishing to use their music. Pandora co-founder Tim Westergren weighs in:
Kobalt’s collection society AMRA has entered a deal with Apple Music in the form of its first worldwide digital licensing deal. AMRA, which represents more than 500 independent publishing companies, will be collecting songwriter and publisher royalties straight from Apple Music, which has access to over 100 countries.
Changes in the structure of the music industry over the past few years have precipitated the rise of third party publishing companies. Here we speak with the CEO of one such company, Lip Sync Music, who is working to help smaller groups of DIY artists with the promotion and syndication of their music.
Grooveshark co-founder Josh Greenberg was discovered dead at his Florida home on Sunday. Police say there are no signs of drug use or foul play.
Youtube CEO Susan Wojcicki explains why Music Key will be different from other streaming services. At Fortune’s Brainstorm Tech event this week, Wojcicki explained that Music Key is video based, serving a different purpose than other services.
Followers of the Future of Music Coalition know that they have long supported a public performance right for AM/FM radio that would pay artists when their music is played on over-the-air. This right already exists for digital radio platforms like Pandora and SiriusXM. Yet massive companies like iHeart Media, Cumulus and Entercom are exempt due to a loophole in US law.
Streaming is not just causing a seismic shift in recorded music revenue, its disrupting music publishing and performing rights, as well. Mechanical licenses handled by Harry Fox were once a lucrative business, but as tracks sales decline and streaming rises, performing rights have become an increasingly valuable business.