Issue #239: Apple Reaches Music Deal With Warner; Facebook Offers Hundreds of Millions of Dollars for Music Rights

Apple Reaches Music Deal With Warner, Eyes Sony Pact
Apple Reaches Music Deal With Warner, Eyes Sony Pactwww.bloomberg.com
Apple Inc. has secured a deal for songs from Warner Music Group, the technology giant’s first agreement with a major label since introducing its on-demand music service two years ago, according to people familiar with the matter.

Facebook Offers Hundreds of Millions of Dollars for Music Rights
Facebook Offers Hundreds of Millions of Dollars for Music Rightswww.bloomberg.com
Facebook Inc. is offering major record labels and music publishers hundreds of millions of dollars so the users of its social network can legally include songs in videos they upload, according to people familiar with the matter.

How Tencent's empire is making music pay
How Tencent's empire is making music paytechnode.com

While licensing fees can easily eat up the bulk of revenues, Tencent knows that in the long run, a firm control over copyright will give it an edge over competitors.

Stream Ripping Carries On Despite YouTube-MP3's Demise
Stream Ripping Carries On Despite YouTube-MP3's Demisewww.billboard.com
The pesky world of stream ripping took a big hit this week with the demise of one of its leading purveyors, YouTube-mp3.org, but that doesn’t mean the practice of pirating MP3s from YouTube (and other services) is going anywhere.

Will.i.am Joins 'Mobile Record Label' Startup Amuse, Talks 'Defining a New Type of Record Industry'
Will.i.am Joins 'Mobile Record Label' Startup Amuse, Talks 'Defining a New Type of Record Industry'www.billboard.com
will.i.am is betting big on data to drive the future of the music industry, as the Black Eyed Peas frontman announced on Wednesday his joining Swedish tech company Amuse as a co-founder.

Spotify Snags Courtney Holt From Disney for Top Content Job
Spotify Snags Courtney Holt From Disney for Top Content Jobvariety.com
Spotify has lured digital-media veteran Courtney Holt over from Disney to lead its efforts around original video and podcast programming, Variety has learned exclusively.

Have High Performance and Lifestyle Audio Merged?
Have High Performance and Lifestyle Audio Merged?audiophilereview.com

Paul Wilson wonders what the future of Lifestyle Audio might be…

Music creators stuck in safe harbour trap, says musicFIRST
Music creators stuck in safe harbour trap, says musicFIRSTwww.ipprotheinternet.com

A new campaign from music industry coalition musicFIRST has accused Google of hiding behind its legal ‘safe harbour’ to make millions at the expense of music artist.

Hi-Res Audio: As the Major Labels Get On Board, Momentum Continues to Build
Hi-Res Audio: As the Major Labels Get On Board, Momentum Continues to Buildajournalofmusicalthings.com

The problem with compressed digital files (like but not limited to MP3s) is that they all sound like crap. A lot of dynamic range is gone, the high end can sound harsh and the bass can sound undefined.

Songtradr Expands into Secure Music File-Sharing, Branded Radio Across Hundreds of Countries

Songtradr, the fastest-growing music licensing platform in the world, is expanding its product offering to include secure music file-sharing for its 100,000+ free and paid subscribers worldwide, and branded music curation for its network of partners.

“We’re growing Songtradr to become the one destination where artists can control, manage, share and monetize their music across all verticals,” said Paul Wiltshire, founder and CEO of Songtradr.

Along with these updates, Songtradr today announced a new partnership with Mood Media, the global leader in elevating Customer Experiences and largest provider of overhead music in the world.

“By working with partners like Mood Media, we can provide our artists with significant exposure and additional revenue opportunities collected from thousands of participating retail clients,” continued Wiltshire. “We look forward to growing our network of partners across many different verticals and supplying them with cutting edge music from Songtradr’s artists.”

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TuneCore Artists Close in on Milestone of One Billion Dollars in Revenue

TuneCore today announced that its artists are approaching the groundbreaking milestone of earning $1 billion in revenue solely from downloads and streams.

“TuneCore is incredibly proud of our artists for reaching such an impactful industry milestone while keeping 100 percent of their earnings through streaming and downloads,” says Scott Ackerman, CEO at TuneCore. “We are deeply committed to helping our artists maximize their revenue, which is why we are so excited to celebrate as they approach this historic achievement. We encourage artists around the world to join the Billion Dollar Club and help reach $1 billion in artist earnings ahead of our projected date.”

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Arena Music, the First Artist Friendly Streaming Platform, Now Pays Royalties in Bitcoin

Arena Music has announced that it will begin offering royalty payouts for music streamed through the Arena platform in Bitcoin worldwide starting in June. The company has been testing the digital currency in Phoenix and Atlanta over the last 6 months. In March, Bitcoin reached parity with gold for the first time since its inception. It’s been deemed the “most exciting monetary experiment in modern times.”

The company is an on-demand merchandising storefront that leverages a free streaming service to help artists monetize their content in an industry where consumers no longer buy music to own. By using the music as a loss leader, Arena helps artists and labels redirect consumer attention to exclusive merchandise offerings.

Offering payouts in the popular cryptocurrency highlights the company’s forward-thinking approach and alliance with independent content creators by offering them compensation with another form of capital or investment–one that can never be offered by any subscription-based streaming platform.

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Nurturing the Creation of Music through the Blockchain

According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year. Total income generated by the U.K. music industry increased by 5 percent to £925 million ($11.6 million) in 2016, from £881 million ($11.1 million).

Yet despite the popularity of the music industry, musicians often find themselves unfairly compensated.

To rectify this problem, the Open Music Initiative (OMI) and Ujo Music, among others, are attempting to change outdated modes in the music industry to ensure long-term sustainability, with the intent to use blockchain technology to support the creation of music.

Read Article: Bitcoin Magazine

Spotify, Merlin Ink Global License Agreement for the World’s Leading Independent Record Labels

Spotify and Merlin, the global digital rights agency for the independent label sector, today announced a new multi-year license agreement – ensuring the world’s leading independent record labels and their artists will remain at the core of Spotify’s offering to music fans.

Continuing a successful nine-year partnership, the agreement is structured to reflect and promote the value of Merlin’s collective offering of its members’ repertoire, while offering improved marketing and advertising opportunities and enhanced access to data.

Merlin member labels can also participate in Spotify’s recently announced flexible release policy.

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The Future of Smart Contracts in the Music Industry

What if we could replace antiquated physical contracts execution to fit with the new digital music age and real-time commerce? Well, today we can, and the technology is known as smart contracts. Just as the blockchain has emerged to claim its place as the up and coming financial instrument of the future, smart contracts have become an equally hot topic.

Electronic contracts, or smart contracts, between labels, distributors, and artists, can reshape the industry to ensure transaction and payment efficiency as well as increased transparency. Smart contracts are primarily a computer program whereby all parties can agree to the contract electronically, and it can also be enforced electronically.

This can be achieved through the introduction of blockchain technology. In the case of an executed smart contract, the blockchain would keep track of the ownership rights ensuring that the proper parties are paid in accordance with their smart contact. The more sophisticated the code, the more automated, self-executing, and “smarter” the contract.

Read Article: DataArt

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