Many have heard of the famous cryptocurrency named Bitcoin, but many have not heard of blockchain. Blockchain is the underlying technology that allows Bitcoin to function as a decentralized currency. Imagine blockchain as a shared database. Unlike the Cloud, where Google or Apple control all the data, a public blockchain is not controlled by a central authority. Instead, anyone connected to the internet can take part in storing the data. Because it is not controlled by one party, theoretically, a blockchain cannot be shut down, hacked, and most importantly, the data cannot be altered again. Cryptocurrencies are one tiny possibility of the power of blockchain.
there is a risk of the market falling into streaming fatalism; that the obsession with trying to fix a model that might not be fixable distracts us from focusing on trying to build alternative futures.
Digital services including Spotify, Amazon Music and YouTube have reportedly secured a “procedural victory” in their bid to overturn the 2018 Copyright Royalty Board (CRB)’s ruling that would see a 44% increase to streaming royalty rates paid to songwriters in the US.
This week, Spotify and Amazon are quite literally taking you to court. A great deal of the business of how much you get paid happens in a room a few blocks from the U.S. Capitol. Every five years a board of three judges sets your royalty rates for mechanical uses – including those in interactive streaming like Spotify and Amazon. Two years ago, in January of 2018, after months of argument, those judges gave you a 44% raise.
Publishing is, without a doubt, the most complicated (and sometimes straight-up confusing) subset of the music business. Even some of the most experienced music professionals can have a lot of trouble wrapping their head around all the intricacies and nuances of publishing. However, let’s not get ahead of ourselves — and start with the very basics.