SOUNDEXCHANGE NEARS $1B IN COLLECTIONS
SoundExchange has released its annual financial report for 2015, which revealed it collected $845m last year from satellite and Internet radio, an increase of$ 91m, up 12% over royalty collections in 2014. The entity has collected more than $3.5 billion since its inception.
While Pandora is a major contributor to the total collected, industry watchers note that a recent analysis overstated the streaming-radio giant's piece of the puzzle. This is due in large part, these observers say, to the inclusion of Pandora's payment for pre-1972 content as part of its total reported content costs.
Webcasting is in a growth period now, and royalty collections should spike in 2016 due to the higher rates that webcasters will be paying as a result of the CRB ruling in December.
In 2015, streaming surpassed downloads and physical sales for the first time as the largest component of revenue for the U.S. record industry.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)
