"We always thought that singling out a class of people for prosecution by the government based on their status was unconstitutional. Not in the new world order, apparently."
How much money is collected for the use of music, how it is distributed and who is in control is a matter of law in the U.S. Are BMI and ASCAP music monopolies. Continue reading
This week's music publishing roundup looks at ASCAP's $1 billion milestone, Congressional re-introduction of the Songwriter's Equity Act and Pandora's dominance in music streaming.
On Wednesday afternoon the Songwriters Equity Act was reintroduced to congress with bipartisan support. The bill, if passed, would amend sections 114 and 115 of the Copyright Act to ensure. Continue reading
Pandora has used both lawsuits and the court of public opinion to seek ever-lower payments from musicians, songwriters and rights holders. Their latest offensive - this time vs. BMI and its 650,000. Continue reading
Today in Manhattan, pioneer streaming giant Pandora is set to meet licensing agency BMI in court to settle a dispute over current royalty rates. The trial will determine how much Pandora pays BMI’s. Continue reading
UPDATE: After falling as much as 26%, Pandora stock rose slightly in after hours trading, settling at $14.90, still down almost 20%. Pandora stock fell on news that the music. Continue reading
After months of contentious negotiations, yesterday was finally Google's day in the music business spotlight with launch of both a new home for music on YouTube and its Music Key. Continue reading