Top Music News Story Dubset Announces $4 Million Funding Round Dubset Media is getting an injection of funds as it attempts to solve one of dance music’s most frustrating issues. The company, led by CEO Stephen White, announced this morning (Feb. 27) it had completed a $4 million round of Series A funding led by… Continue reading Digest: Dubset Announces Major Funding, BMI/RMLC Interim Licensing Rate, “YouTube Can Do Better”
Top Story This Week SoundCloud ‘May Run Out Of Cash This Year’ As It Posts $54M Loss SoundCloud’s losses grew faster than its revenues in 2015 – with the company now admitting that, should its subscription service flop, its funding may run dry this year, according to a new filing at Companies House (UK). “The… Continue reading Digest: Soundcloud Is/Isn’t Running Out of Cash, SESAC Sells to Blackstone (for Maybe A Lot?)
Dept. of Justice Appeals BMI Consent Decree Decision Story of the Week The Department of Justice has filed a notice that it is appealing a September ruling by federal Judge Louis Stanton that concluded fractional licensing is allowed under the BMI consent decree. This appeal, which was expected, comes after the Judge KO’d the DOJ’s… Continue reading RECAP: DOJ Appeals Stanton BMI Decision, Cox Appeals BMG Verdict, Facebook Moves Toward Media
Story of the Week Federal judge rules against Dept. of Justice’s ‘100 Percent’ Licensing decision In a surprise move, BMI’s rate court judge ruled on Friday that fractional licensing is allowed under the consent decree the performing-rights organization operates under, according to a statement from BMI. According to Stanton’s ruling, “The consent decree neither bars… Continue reading RECAP: Judge Rules Against ‘100 Percent Licensing,’ IFPI Releases New Reports, TIDAL Posts Big Losses
Story of the Week The BBC says it is planning to launch a ‘New Music Discovery Service’, which would make the 50,000 tracks broadcast by the BBC every month available to stream for a limited period. This digital platform will go one better than the ‘BBC Playlister’ initiative launched in 2013, which allowed listeners and viewers… Continue reading BBC Planning Its Own Music Streaming Service, and the Week in Review
Story of the Week The Dept. of Justice Said to Be Considering a Baffling New Rule Change for Song Licensing Read More: http://bit.ly/1DlaKQK According to numerous sources, the DoJ has sent a letter to two performance rights societies (ASCAP & BMI) governed by the consent decree, telling them that on “split works” songs — songs… Continue reading U.S. DOJ Considering Baffling New Licensing Rules, and Apple Music Is (or Isn’t) Succeeding [Soundcheck]
Performing rights organizations, or PROs, are societies responsible for collecting income on behalf of songwriters and music publishers when a song is publicly broadcast. This includes live covers, radio plays, television plays, internet radio services like Pandora, streaming services like Spotify, restaurants or bars, nightclubs, and any other public performance. All these users pay the… Continue reading FAQ: When Will My Performing Rights Organization Pay Me?