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Friday Jan 22, 2021
Friday Jan 22, 2021
The Justice Department recently decided to leave the 80-year-old music-industry consent decrees that govern the public performances of music unchanged, says Makan Delrahim, the outgoing Justice Department Assistant Attorney General for the Antitrust Division. Performing rights organizations ASCAP and BMI as well as the music publishing community have called for changes to the decrees, arguing that they are outdated in the digital age and favor broadcasters to the detriment of creators.
BMI has also decided to change its royalty distribution schedule to help songwriters, composers, and publishers during the pandemic by evenly spacing out quarterly royalty distributions in 2022 every three months. This is set to create a balanced payment schedule throughout the year. 2021 will also be a transition year of five distributions, rather than four, in order to shift to a slightly accelerated time frame.
According to reports by The Information, Apple is in talks of introducing a subscription product to its podcasting business as it faces heated competition from tech and media companies like Spotify, Amazon, and SiriusXM. Podcasts have always been free to access on the platform and the business has long been funded largely through advertising sales.
Katy Perry concludes Inauguration Day: https://www.youtube.com/watch?v=qNZ8XCobUUM
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