Current copyright royalty formulas rest on a legal framework that dates back to the early part of last century, and “the time is ripe to question the existing paradigm,” U.S. Register of Copyrights Maria Pallante said in a 245-page February report on “Copyright and the Music Marketplace.”
The copyright board’s proceeding covers the bulk of payments to recording artists and labels made by Pandora and other digital music providers. By December, the board will decide Internet radio royalty rates through 2020.
Traditional AM and FM radio stations — such as KXMZ — are exempt from these royalties. read more
[…]So, getting heard is easier. But getting paid is harder. Musicians, in particular, have been complaining about streaming’s business model, which pays less than a penny per stream. It’s eating away sales of albums and mp3’s.
“In prior eras, a small artist, or an independent label … could probably get by with selling 10,000, 50,000 copies of a thing,” says Casey Rae, CEO of the Future of Music Coalition. “Whereas if you translate that to fractions of pennies from streams, it’s much, much harder to pay your rent.”
Yes, another day, another Grateful Dead ticket outrage spreads over the ‘net. The latest hate-swell erupted over the weekend as fans started getting their pre-ordered tickets for the group’s three farewell gigs at Chicago’s Soldier Field — the hottest shows of the summer — and others struggled to score the thousands of tickets newly released by Ticketmaster. […] read more
For Apple, its Music app is a necessary Band-Aid. But it might not be big enough to stop the bleeding.
The company announced Apple Music, its latest foray into the music world, Monday. The new app will include playlists curated by real humans, a radio station with real DJs, its very own premium on-demand streaming option, and a way for musicians to connect directly with fans. With Apple Music, the company is joining a myriad of Internet radio and on-demand music streaming services in a crowded digital music space.
“Apple has a huge footprint, and gobs of cash, but Spotify has already made a lot of inroads,” says Casey Rae, CEO of the Future of Music Coalition.
The Fair Play Fair Pay Act of 2015 (FPFPA), introduced as HR 1733 on April 13, is the latest congressional effort to rebalance the economics of music. Unlike satellite radio, digital broadcasters and even an AM/FM station’s own online simulcast, U.S. terrestrial radio is exempt from paying royalties on public performances of sound recordings. The legal fiction separating analog and digital plays creates a pay disparity for musicians.
Radio stations have to pay songwriters and music publishers, but not recording artists and labels. FPFPA, co-sponsored by U.S. Reps.
Google Ventures’ new London arm is making its first investment by leading a $60 million Series C funding round for Kobalt, a music rights management services firm that could help the next Taylor Swift build wealth.
Casey Rae, Georgetown University communications professor and CEO of the Future of Music Coalition, said Kobalt has “demonstrated leadership around how the music industry can function with greater efficiency and transparency.” read more
The music community is largely in favor of the new rules, approved 3 to 2 along party lines. Future of Music CoalitionCEOCasey Rae calls it “an incredible moment” for artists and independent labels who want access to consumers without internet service providers favoring big players like Google’s YouTube.
Seems like everybody has something to say about the FCC’s net neutrality vote today. Here’s an edited sampling, which we’ll update throughout the day. […]
Future of Music CoalitionCEOCasey Rae:
“This is an incredible moment for so many artists and independent labels who fought to preserve an open and accessible Internet for almost a decade. Creators of all political persuasions and backgrounds embody the very spirit of what net neutrality supporters have sought to achieve in this fight: the ability to compete on a level playing field without discrimination from just a few powerful ISPs.”
For everyone who cares about the future of an open Internet, today is a day of celebration. The Federal Communications Commission’s vote for net neutrality will not only allow today’s startups to compete and grow and create new jobs, it will also allow future generations of innovators to develop world-changing technologies that we can’t yet even imagine.