Exploration Audio Newsletter - April 23, 2021

The MLC announced its first-ever monthly mechanical royalty distribution this week, coming from the use of musical works by US digital service providers during January 2021. Total royalties amounted to more than $53 million for all usage data when calculated at the applicable statutory rates. The MLC was then able to match approximately 80% of the royalties reported to musical works registered in its public database.

Apple is planning to roll out a podcast subscription service in May, allowing creators to set prices and offer perks to subscribers like ad-free episodes, early sneak peeks, and additional or exclusive content.

The Canadian government announced this week that its latest budget allocates $70 million (~USD $56 million) for the Department of Canadian Heritage’s Canada Music Fund to inject emergency funding into the country’s depleted music economy. Around $50 million (~USD $40 million) will go to the live music sector, which has lost 92% of its revenues during the pandemic, according to the Canadian Live Music Association (CLMA).

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