LABELS ARE CLOSE TO GENERATING $1m FROM STREAMING

The major labels are close to generating $1m from streaming every hour – but global growth is actually slowing down.. Streaming revenues continue to shoot upwards at the three major record companies: Universal, Sony, and Warner are now jointly turning over nearly $1m every hour from the format, according to MBW’s calculations. Yet there is a fly in the ointment: monetary growth in streaming revenues across these three companies actually …

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THE MUSIC MODERNIZATION ACT REVAMPS MUSIC LICENSING

The Music Modernization Act (MMA), signed by the president last October, constitutes the most consequential change in music copyright law since 1976, affecting music licensing, protection for classic works and fairer distribution of royalties. The impetus behind MMA was the rise of the Internet in the 1990s and early 2000s, which, in turn, led to an evolution in the way …

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FLORIDA SONGWRITERS ASSOCIATION LAUNCHES ASSOCIATION

Purchase your Florida Songwriters Association package now. Access to FLSW licensing pitches and publishing partner for Diamond and Lifetime members only. Getting your music featured in a TV show, movie or even a video game can not only help your music reach the ears of new fans, but also generate a substantial amount of cash, so it’s well worth looking …

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