Latin music revenues grew 14.8% YoY in the US in H1, generating $627M in gross revenues. »
The Protect Working Musicians Act of 2023 bill would give independent music creator-owners the ability to negotiate collectively over payments from streaming services, and over the use of their works by AI algorithms. »
The International Confederation of Music Publisher has launched the ICMP Anti-Piracy Platform in partnership with piracy tracking startup MUSO »
The US Copyright Office has ruled that streaming services must pay late fees on royalty payments in connection with the Music Modernization Act’s blanket mechanical license. »
Bertelsmann's half-year report highlights BMG's impressive performance, with revenues reaching €414 million, marking an 11.5% increase from last year's €371 million. »
BMI is reportedly considering an offer to sell to private equity firm New Mountain Capital for $1.7 billion. »
Back in April, songwriter organizations called on the Copyright Royalty Board to accelerate the finalization of the Phonorecords III ruling that it had handed down in July of 2022. Now, the three-judge CRB has officially issued its final determination for the five-year stretch at hand. »
Lyrics are integral to modern music. Many of the most compelling songs in the world use lyrics to tell a story and relay emotions through music. »
Deezer lowered its revenue growth forecast for 2023 from double-digit to 7-10% YoY due to slower partnership and vertical growth. »
It is important to reiterate that SoundExchange administers performance royalties and deals only with the sound recording (master) copyrights attached to a song. »
Five Asian collection societies and SESAC Music Group have entered into what they call a “historic collaboration for the music industry in Asia”. »
Music data company Luminate published its ‘Mid Year Music Report’, one of two reports it now publishes each year identifying consumption trends across the music business. »
Spanish authors society SGAE posted a 35% year-over-year jump in revenue in 2022 to €349 million, the highest since 2007. »
The Songwriters Caucus - which establishes a group of like-minded lawmakers who support songwriters and will play an important role in promoting the songwriting community »
The US recorded music industry grew by $500M in 2022 and the US music publishing industry grew by nearly double that amount. »
The NMPA has filed a $250 million lawsuit against Twitter for copyright infringement on behalf of 17 music publishing companies, claiming that Twitter has knowingly infringed on approximately 1,700 songs and seeks damages of $150,000 for each instance of infringement. »
Australian Music Industry Petitions Over Radio Royalty Caps / Music Industry Organizations Give Streaming Economics Views / UK Culture Secretary States Asserts Active Role of Music-Maker Remuneration Group »
CISAC has published its annual report which emphasizes the importance of the ISWC identifier for songs and addresses challenges with the collective licensing system. »
Legendary vocalist Tina Turner has passed away at age 83 after a battle with a long illness. »
The US Copyright Alliance supports the record industry in its legal battle against stream-ripping platform Yout »
President Biden nominated Deborah Robinson as the next IPEC, who advises on US intellectual property strategy. »
The US Trade Representative's annual report on intellectual property highlights countries, including China and India, that need to do more to protect IP. »
The IMPF’s 'Independent Music Publishing Global Market View’ report estimates that the global music publishing market was worth €7.68 billion in 2021. »
Sales of cassette tapes have reached a 20 year peak, with an annual figure of 195,000 sales for 2022. »
US-based Latin music revenues reached an unprecedented $1.1 billion in 2022 with a 6.9% market share, according to a new report from the RIAA. »
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