Sir Lucian Grainge, Chairman and CEO of Universal Music Group, has said the way music streaming services pay labels and artists today has to change. Writing in a New Year note to staff today (January 11), obtained by MBW, Grainge said: “What’s become clear to us and...
About three months back, a court rejected Spotify’s motion for a protective order in a long-running legal battle, thereby determining that CEO Daniel Ek would have to provide an up to three-hour deposition. Now, a different judge has affirmed the ruling despite the...
Instagram tests replacing all video posts with Reels in part of the company’s plans to “simplify video” on the app. The company confirmed the change to TechCrunch, saying it’s currently being tested with select users worldwide. “We’re testing this feature as part of...
The saga is over. The Copyright Royalty Board (CRB) has today (July 1) maintained its decision to increase the headline rate paid to songwriters in the United States from on-demand streaming services between the years 2018 and 2022. To refresh your memory: In January...
Sony Music Entertainment (SME) turned in a roughly 10.16 percent year-over-year revenue increase during Q1 2022 due in large part to an 18.90 percent YoY jump for recorded music’s streaming income, which achieved a 37.16 percent YoY hike during the entirety of the...
BMG has officially put the Recording Industry Association of America (RIAA), the National Music Publishers’ Association (NMPA), and the major labels themselves on blast for resisting a mechanical-royalty increase for physical releases and downloads. Berlin-based BMG,...
