All posts by TheFCC

Music Loses $2.65 Billion a Year From the Likes of Coffee Shops

Piracy is the perhaps the most visible of the music industry’s money woes, but it’s not the only one. The global music industry also loses out on $2.65 billion every year because of small businesses misusing personal music-streaming services, according to a study published Monday by Nielsen Music and licensing service Soundtrack Your Brand. Continue reading Music Loses $2.65 Billion a Year From the Likes of Coffee Shops

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Netflix is buying its first production studio complex

Netflix isn’t just expanding its footprint in California. The streaming behemoth is planning to open a production hub in New Mexico by acquiring Albuquerque’s ABQ Studios — its first purchase of a production studio complex. It’s making the deal (which is still in “final negotiations”) in part due to incentives, which include up to $10 million in Local Economic Development Act funding from the state as well as a maximum of $4.5 million from Albuquerque.

Continue reading Netflix is buying its first production studio complex