Music
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February 02, 2018
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Hi,
This week there was a huge victory for songwriters with the decision to increase their royalties by 44%. With this decision, the copyright laws which currently exist are catching up with the emerging technologies surrounding streaming services.
Another interesting article to note this week comes from Billboard and discusses the rise of cryptocurrencies with dance music. Though not surprising it does provide some interesting insight.
Have a great weekend!
Corey
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Matt Medved
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Billboard
DJs are diving into Bitcoin and other blockchain-based coins.
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Theodore Schleifer
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Recode
Around the same time that Shazam was selling for a fraction of its valuation the last time it was priced, its competitor SoundHound quietly raised a new round of financing that values the company at an estimated $1 billion, Recode has learned. Investors apparently believe that despite the troubles of a similar product, there is value in virtual assistants.
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Casey Newton
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The Verge
One reason Facebook struggles to earn our trust is because at the individual level, no one at the company can tell us why we’re seeing what we’re seeing in the News Feed.
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Kat Bein
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Billboard
Music is one of those art forms that sits at the cutting edge of technological development, and yet the industry itself is often slow to catch up.
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Music Business Worldwide
Royalty rates paid to songwriters in the US from on-demand subscription streaming will rise by 44% over the next five years following a landmark ruling in the market.
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