Media +Technology Intelligence
The major record companies still dominate Spotify, but that dominance is lessening as the market share of DIY artists and (non-Merlin) indies grows. But what about the other way around? Do the majors rely more or less on Spotify’s payouts than they used to? Source: Major record companies are losing market share on Spotify. But Read More …
As popular music streaming services like Spotify cut much of musicians’ revenues, new technologies like nonfungible tokens (NFT) will likely help artists grab back their fair share, Saxo Bank predicted. According to one of Saxo Bank’s “Outrageous Predictions 2022: Revolution,” music creators will benefit from NFT-based streaming platforms, as they allow distributing music directly to listeners without centralized intermediaries Read More …
Defendants claimed to own 50,000-song catalog Read More …
Prime minister Justin Trudeau has pledged to introduce a news media bargaining code for Canada within the next two months. Like Australia, Canada will seek to compel Google and Facebook to pay news publishers for the use of their content. It will grant collective bargaining powers to Canadian publishers, and will threaten platforms with compulsory arbitration Read More …
Shopify, an Ottawa-based e-commerce company launched in 2006 by snowboarders seeking a platform to sell equipment, is now a juggernaut with a market value reported to be at least $180 billion and 1.75 million businesses in its portfolio. On Wednesday, five major publishers sued the Canadian company, accusing it of enabling digital piracy committed by its vendors. Source: Shopify Read More …