Streaming music services such as Pandora and Spotify promise a seemingly limitless song selection for listeners and actual royalties for artists. But amid growing complaints from artists that the Internet music services are hardly ideal for their bottom line, Radiohead frontman Thom Yorke has become the best-known artist to pull his music from Spotify. read more
“You don’t have many excuses anymore,” Casey Rae, deputy director of the Future of Music Coalition told me. “For 10 dollars a month, you can have access to all the recorded music in the world, on the go, stored in a cache on your phone and synchronized. It’s pretty amazing. That’s a powerful consumer-focused music marketplace.”
Rae’s observation speaks to consumer expectations of sound tracking one’s life at an extremely low cost. In addition to cheap music, people want tremendous variety (the long tail of unlocked music). Between the listening platforms and musician hangouts like SoundCloud, there is a consumer presumption that the entire library of recorded music should be accessible.
We were reading Hypebot the other day and came across some encouraging info about SoudExchange — the nonprofit organiztion that collects and distributes royalties for digital public performances (think webcasts, Pandora, satellite radio). We love it when more artists get paid, so we were pretty psyched to read about the 17 percent increase in distributed royalties. read more
Virginia Tech students’ favorite music is increasingly streaming into their ears instantly, and for free — a trend leaving many of their favorite artists with weakening streams of revenue.
A survey conducted by the university’s Communication Network Services in coordination with the Future of Music Coalition shows Hokies are most likely to access music for no cost through YouTube, Pandora and free versions of services such as Spotify and Last.fm.
Tech students’ music preferences will be further explored in a panel discussion tonight that will discuss “The Value of Music.” The event, hosted by CNS in a partnership with the FMC, will be held in Squires Student Center’s Old Dominion Ballroom tonight at 7:30. read more
Sirius XM Radio set off a flurry of complaints from trade groups and labor unions late last month. It was trying to bypass the standard method of paying for digital streams — through a royalty clearinghouse called SoundExchange — and negotiate directly with record labels.
Sirius’s move was only the latest example of a gradual shift in the financial infrastructure of music. Many companies, from major labels to providers of background music, have been trying to reduce costs and gain control by circumventing the large organizations that have historically processed licenses and royalties. read more
When Spotify launched in the US back in July, we were pretty stoked about the service’s flexibility, response and depth of features. We’ve spent a few months with it, and, as a consumer product, it is still very impressive. Now that we’re past the infatuation phase, it’s time to take a closer look at the relationship between Spotify and musicians, particularly independents. For those just tuning in, Spotify is a streaming on-demand music service that has an ad-supported free version, as well as a premium, ad-free subscription option. Unlike say, Pandora, Spotify lets you choose which specific songs you want to hear and create playlists. This means that on-demand services like Spotify (and MOG, Rhapsody and Rdio) have to pay a different license than radio-like services.
Over the past few weeks, the wonkier neighborhoods of the internet have been buzzing about a new bill introduced by Senator Amy Klobuchar (D-MN) that would make illegal streaming of copyrighted works a felony. Most of the bill’s critics worry that the amendments would allow the government to throw YouTube users, online video game tournament streamers and other seemingly minor infringers in jail. We at FMC feel that even though the bill would likely have less impact on musicians than it would on fans internet users in general, it’s important to describe what’s actually, you know, in the bill. Because not all of what you might hear is accurate. read more
You may have heard about a new bill introduced by Senator Amy Klobuchar (D-MN) that would make illegal streaming of copyrighted works a felony. If not, you can take our word for it when we say that it’s produced some strong reactions on blogs, message boards and social networks.
We're currently in the midst of another "Snowpocalypse" here in Washington, DC, but we figured a blog post would give us a nice break from all that shoveling.
Today, reports emerged about Warner Music backing off of "free" music streaming. As digital entrepreneurs and rights holders continue to explore ways to get fully-licensed music to the masses via the internet and mobile, issues in licensing and revenue generation continue to bedevil players on all sides. read more