Exploration Audio Newsletter - January 28, 2022

A new job ad spotted by Music Business Worldwide indicates that the Copyright Royalty Board (CRB) is hiring a new Chief Copyright Royalty Judge to fill up the three-judge panel that conducts proceedings to determine songwriter streaming mechanical royalty rates between 2023 and 2027. Some qualifications include being an attorney in good standing with at least seven years’ legal experience and having at least five years in adjudication, arbitration, or court trials.

In an open letter published by YouTube CEO Susan Wojcicki to creators, Wojcicki writes that the number of YouTube channels around the world making more than $10,000 a year is up 40% year over year. She also adds that YouTube Shorts has now hit the milestone of 5 trillion all-time views, and Music and Premium subscribers have hit 50 million.

In the first fiscal quarter of 2022, Apple services has reported $19.5 billion in revenue with Apple as a whole raking in $123.9 billion in sales, beating Wall Street analysts’ expectations of $118.3 billion in revenue, according to Yahoo Finance. The Apple services category is the second top revenue driver and includes Apple TV+, Apple Music, the App Store, and iCloud.

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