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.
As expected, the U.S. Copyright Office Friday designated the group led by the National Music Publishers Association (NMPA), the Nashville Songwriters Association International (NSAI) and the Songwriters of North America (SONA) to build and operate a new organization known as the Mechanical Licensing Collective (MLC).