Monday Music Brief: 2/24/14

Monday Music Brief: 2/24/14


New Music Seminar monday music brief
Never miss a beat! Stay up to date on the top stories in music business and anything else you may have missed last week in the industry.

Streaming and Subscription

[toggle heading=”h5″ title=”Netflix, Comcast Reach Streaming Deal” css=”custom-class”]Netflix recently reached a deal with Comcast to ensure its TV shows and movies are streamed smoothly to their viewers. This is the first deal the online video streaming service has reached with an Internet service provider, and the companies said in a joint statement last week the arrangement is already giving customers a better experience.

Read more about the deal between Netflix and Comcast here.

[toggle heading=”h5″ title=”New report shows the music subscription sector is intrinsically unprofitable” css=”custom-class”]Although subscriptions to music services are expected to more than double by 2017, a new report from industry analyst firm Generator Research says because those services pay 60% to 70% of their revenue to record labels and artists – the entire sector is intrinsically unprofitable. See the full report on digital music subscription services here. [/toggle]

Music Tech

[toggle heading=”h5″ title=”Amazon will now offer digital music pre-sales” css=”custom-class”]All albums CD baby delivers to Amazon with a future release date will now be available for pre-order. Once your actual release date arrives, all pre-sales will be fulfilled and then Amazon customers can download your music.[/toggle]

[toggle heading=”h5″ title=”CMT Artists Release Mobile App For Underserved Country Music Market” css=”custom-class”]Last week, CMT Artists released their new iOS app which provides a mobile version of the site with all its country music content including streaming tracks, music videos and more. According to VP of Music Strategy for Viacom Matt Seigel, country music is underserved online and on mobile compared with other popular music categories.

Read more about the roll out of CMT Artists.[/toggle]

[toggle heading=”h5″ title=”Warner Music Partners With Shazam” css=”custom-class”]Warner Music Group revealed their new partnership with Shazam. Through the deal, Warner will gain access to Shazam data that describes what songs people are listening to and using this data, WMG will seek to identify new trends and break out artists.

Legal and Royalties

[toggle heading=”h5″ title=”Warner Music Launch Website to Settle Digital Royalties Claims” css=”custom-class”]Warner Music has responded to a class action lawsuit over digital download royalty payouts by establishing a website to process eligible claims towards settlement. Warners are offering pre-iTune contracted artists increased future downloads of up to 5% with a 14% cap.

Eligible artists have until 31 May to either opt into the settlement or await the outcome of the class action suit.

[toggle heading=”h5″ title=”BPI Figures Show First Growth in Four Years in UK Recorded Music Market” css=”custom-class”]Figures released by UK trade body demonstrate a 1.9% growth in recorded music revenue, despite falling albums and singles numbers. Chief Executive of BPI, Geoff Taylor allocated the rise to a rapid increase in digital album sales and use of music streaming services, along with strong releases from British artists such as Arctic Monkeys, Bastille and Ellie Goulding.[/toggle]

[toggle heading=”h5″ title=”Fishbone Lose Million Dollar Stage Diving Case” css=”custom-class”]A Pennsylvanian court has ruled in favor of a women injured by a stage dive from Fishbone lead singer Angelo Moore. The front man and the band are now required to payout approximately $1.37 million in damages for expenses, medical costs and future pain and suffering.[/toggle]
Hear more about these topics from the people creating the news at New Music Seminar June 8-10, 2014 in NYC, register today!

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