Our October 3rd newsletter mistakenly redirects to this page. You can find the entire “Major Record Labels Sue Over Ripping Audio Tracks from YouTube Videos” here.
iHeartMedia Announces Plans for Its Entry Into Paid Streaming
Story of the Week
Just a week after Pandora announced the relaunch of its mid-tier streaming product and rough timing for its forthcoming Spotify competitor, iHeartMedia has announced its own plans for the same, set for launch in January, 2017.
iHeartRadio Plus will be a similar product to Pandora Plus, described by the company as “enhancing the radio listening experience.” iHeartRadio All Access will be the company’s on-demand streaming service, set to compete directly with Spotify, Apple Music, Tidal, Rhapsody/Napster, Google Play, and forthcoming services from Pandora and Amazon.
It’s all good news for the record business, which saw significant growth this year for the first time in nearly 20 years thanks to the streaming. iHeart’s announcement is part of a “race to the middle” — offering listeners products at $4.99 per month instead of the now-standard $9.99 in order to capture revenue from more casual fans — and the result will likely be increased growth for the recording industry.
Top Music News Stories
Streaming Helps Drive 8.1 Percent Growth in Revenue for U.S. Recording Industry. The biggest growth, which will no doubt receive cheers from labels, was in paid subscriptions which saw the overall subscriber count rise to 18.3 million — double the 9.1 million subscribers counted in the middle of 2015.
Publishing Industry Praises BMI Consent-Decree Decision. “I don’t think even [the DOJ] would want two different rules applying to ASCAP and BMI; that would take an extraordinary level of hostility on their part to force that [dichotomy] on the marketplace.”
Europe Leads The Way With “Safe Harbor” Solution. Although safe harbor laws have done little to help law abiding citizens, and made it easy for conniving entrepreneurs to earn big while hiding DMCA laws, it seems Europe at least is leading the way with a solution to the safe harbor problem.
European Court Rules Wi-Fi Providers Can’t Be Punished For Piracy by Users. The ECJ was ruling on a 2010 German case, where Sony Music sought to hold a shop in Munich liable for some illegal file-sharing that took place via the free wi-fi it provided for its customers.
The Orchard Signs New Chinese Distribution Deal. The agreement will see The Orchard’s catalog made available on Chinese music services including Ali Music, Kugou, Kuwo, NetEase Cloud Music, QQ Music and Baidu Music – the latter of which Taihe merged with in December 2015.
Playlists Have Passed Album Listenership, Says New Study. Based on a May survey of 3,014 U.S. respondents, the report shows that playlists accounted for 31% of total listening time across all demographics, while albums accounted for only 22%.
Facebook Overestimated Key Video Metric for Two Years. Facebook disclosed in a post on its “Advertiser Help Center” that its metric for the average time users spent watching videos was artificially inflated because it was only factoring in video views of more than three seconds.
Our best wishes for a great week! – MediaNet