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.
Tag Archives: spotify
Drake Is the First Artist in History to Earn 50 Billion Streams on Spotify
Post Malone and 21 Savage’s “Rockstar” Amasses More Than 2 Billion Streams on Spotify
Post Malone and 21 Savage have another accolade to add to their lists of accomplishments. Continue reading Post Malone and 21 Savage’s “Rockstar” Amasses More Than 2 Billion Streams on Spotify
Apple could bring Beats 1 to broadcast radio
Apple could be set to invest in iHeartMedia, and may bring its Beats 1 station to the broadcast network as part of a deal. Discussions are in the early stages, The Financial Times reports.
Continue reading Apple could bring Beats 1 to broadcast radio
Spotify is now a public company
It’s been a long road for Spotify in terms of going public, but now that day is here. The company is now public; it took the unusual step of pursuing a direct listing, rather than the more traditional IPO. Shares were set at a price of $132 by the New York Stock Exchange late Monday, according to Reuters. That gives Spotify a value of over $23 billion.
Spotify faces $1.6 billion lawsuit over song licensing
Spotify is no stranger to facing lawsuits accusing it of offering unlicensed songs, but the latest could prove to be very costly. Hollywood Reporter has learned that Wixen Music Publishing, which manages the song composition rights for artists ranging from Neil Young to Zach de la Rocha, has sued Spotify for copyright damages of at least $1.6 billion. Wixen claims that the streaming service is using tens of thousands of songs without proper licenses and the compensation to match. The plaintiff had already objected to proposed $43 million settlement in another case in May, so this wasn’t coming entirely out of the blue.
Continue reading Spotify faces $1.6 billion lawsuit over song licensing
Drake Breaks Apple Music & Spotify Streaming Records With ‘More Life’ Release
Drake’s More Life — which is heading for a big debut at No. 1 on the Billboard 200 albums chart next week — is off to a record-breaking start at Apple Music and Spotify.
Continue reading Drake Breaks Apple Music & Spotify Streaming Records With ‘More Life’ Release
The Fat Cat Collective 