On Wednesday, the Mechanical Licensing Collective announced it had received $424.38 million in unmatched royalties from Apple Music, Amazon Music, and Spotify among other streaming services. Variety reports that these streaming services paid the accrued historical unmatched royalties, often called “black box money,” to the MLC in order to get these royalties to copyright holders, songwriters, and publishers who have applied to be MLC members.
Jeff Bezos said Tuesday that he will step down as chief executive of Amazon, leaving the helm of the company he founded 27 years ago.
The Amazon CEO and entrepreneur, Jeff Bezos, has grown his vast fortune by a further $24bn so far during the coronavirus pandemic, a roughly 20% increase over the last four months to $138b. Continue reading Amazon CEO Jeff Bezos grows fortune by $24bn amid coronavirus pandemic
Amazon’s rumored hand recognition payment tech might be useful beyond paying for produce at Whole Foods. Wall Street Journal sources say the company is developing hand-based checkout terminals that it would sell to “coffee shops, fast-food restaurants” and other stores that tend to have repeat customers, not just Whole Foods.