This week saw three major developments in the digital music marketplace. First is the acquisition of music data and recommendation company the Echo Nest by streaming music giant Spotify. Second is the purchase of artist-focused commerce platform Topspin by new streaming entrant Beats Music. Last but not least is the announcement of a big cash influx for Audiam, a service collecting artist and rightsholder money on YouTube. Let’s take a look at what each of these announcements might mean for musicians and composers.
[This blog entry was co-written by Liz Allen, Adam Holofcener and Scott Oranburg]
Last week David Israelite, president and CEO of the National Music Publisher’s Association, voiced support for a new licensing system that could fundamentally change how music is distributed and rightsholders compensated. (Billboard has the report.) read more