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Exploration is a digital rights administration company assisting copyright owners in compiling the information needed to get paid by the platforms that are obligated to pay them. We work with parties to maximize efficiency and profitability and are proud to enjoy great relationships with all.
Episodes
Friday Dec 03, 2021
Friday Dec 03, 2021
The Copyright Royalty Board recently announced a royalty increase on December 1 for record labels and performing artists in regards to a select type of streaming platform. In 2022, subscription-based “non-interactive” streams will see a per-stream royalty rate increase from 0.26 to 0.28 cents, while non-subscription will see an increase from 0.21 to 0.22 cents. These royalties will be paid out by webcasters such as Pandora and iHeartRadio.
Politicians in the UK are scheduled to debate a proposed law today on December 3 over higher artist royalties from music streaming platforms as well as reversion rights after a period of 20 years. The Copyright (Rights and Remuneration of Musicians) Bill, introduced by MP Kevin Brennan, contains four key clauses that could change royalty payout structures and contractual terms between music creators and labels, and publishers.
And lastly, TikTok unveiled “Creator Next,” an opt-in monetization portal for creators who meet certain eligibility requirements - such as being 18 or older, having at least 1,000 video views and three posts in the last 30 days. Creators can also gain access to tools and features, like Tips and Video Gifts.
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#CRB #UKstreamingBill #TikTok #CreatorNext #MusicIndustryNews #ExplorationWeekly
Friday Nov 19, 2021
Friday Nov 19, 2021
Tidal is now launching a free tier in the US as well as a new user-centric payment model for its premium subscription offerings, according to an announcement made on Wednesday. Rights holders will be paid based on the streaming activity of each individual subscriber on Tidal’s HiFi Plus tier. An annual report on the “Global Value of Music Copyright” by former Spotify chief economist Will Page states that the calculated value of music copyright for 2020 totalled $32.5 billion, growing by 2.7%. “The driver of these changes is streaming: Its contribution to labels, publishers, and their CMOs has risen, from 22% in 2016 to 54% in 2020,” wrote Page. Spotify has announced that it is introducing real-time lyrics that display during song playback on both of its free and subscription tiers. The lyrics are provided by Musixmatch, and users can see the lyrics scroll as they listen to a song and can also share selected lyrics on social platforms. Remember to ask any questions you have in the comments below, we're here to help!
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Exploration: https://exploration.io/exploration-weekly-tidal-launches-direct-to-artist-payouts-global-value-of-music-copyright-up-2-7-in-2020-spotify-rolls-out-real-time-lyrics/
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#Tidal # DirectToArtistPayout #Spotify #MusicIndustryNews #ExplorationWeekly
Friday Nov 12, 2021
Friday Nov 12, 2021
Spotify is soon to acquire audiobook distribution company Findaway, marking the company’s first major acquisition in the audiobook space as it competes with other giants like Amazon’s Audible. The purchase is expected to close in the fourth quarter of this year as it is pending regulatory approval.
According to Peloton’s fiscal Q1 2022 (calendar Q3 2021) results, the fitness company posted a 6% year-on-year increase, marking a significant deceleration compared to the prior year quarter, when Peloton’s revenues rocketed by 232% YoY. As a result, annual revenue forecasts have been reduced from $5.4 billion to between $4.4 and $4.8 billion total revenue.
Numerous Chinese musicians will now be able to stream their music globally on Apple's platform after Apple Music announced that it reached an agreement with Tencent Music Entertainment (TME) this week. Music from record labels and artists that are part of TME Cloud Music will become available on Apple Music.
Exploration: https://exploration.io/exploration-weekly-spotify-enters-audiobook-space-peloton-reduces-annual-revenue-forecast-tme-and-apple-music-ink-global-streaming-deal/
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#Spotify #Audiobook #Peloton #TME #AppleMusic #ExplorationWeekly #MusicIndustryNews
Friday Nov 05, 2021
Friday Nov 05, 2021
The creator economy is showing a lot of potential as established stars are seeking to grow their personal brands on a bigger array of digital platforms. According to research by YouTube and Oxford Economics, YouTube’s creator ecosystem contributed $20.5 billion to the U.S. GDP in 2020, and chief business officer Robert Kyncl expects the creator economy to “rival Hollywood in terms of economic impact and job creation”.
Mexico and Brazil both are the first and second countries where people consume most music per capita: 25.7 and 25.4 hours per week, respectively, compared to an average of 18.4 hours per week across the globe. The results were part of the IFPI’s recently released “Engaging With Music” report, which dug deep into the music consumption habits of 43,000 people in 21 countries.
The services division at Apple, which includes Apple TV+, Apple Music, the App Store and iCloud, reached nearly $18.3 billion in revenue during the fourth fiscal quarter of 2021. Apple CFO Luca Maestri told analysts that Apple services had 745 million paid subscribers, up from the “more than 700 million” disclosed during Apple’s last quarterly earnings call.
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#CreatorEconomy #TopConsumersOfMusic #AppleServices #IFPI #ExplorationWeekly #MusicIndustryNews
Friday Oct 29, 2021
Friday Oct 29, 2021
YouTube hit $7.2 billion in advertising revenue during Q3, close to surpassing Netflix’s reported advertising revenue of $7.5 billion in the same quarter. Google Advertising increased roughly by 5% in Q3 compared to last quarter.
According to a report published by CISAC, global music royalty collections dropped 10.7% in 2020 due to the pandemic, declining to a pre-2017 level of approximately $9.3 billion. Digital collections, on the other hand, were up by 16.2% in 2020. It surpassed live and background for the first time to become the second largest income stream.
In Spotify’s latest financial results for Q3 2021, global Premium subscribers grew to 172 million, up 19% year-on-year. The company’s total global Monthly Active Users (MAUs) also grew 19% year-on-year in the quarter.
Exploration: https://exploration.io/exploration-weekly-youtube-ad-revenue-hits-7-2b-global-royalties-collections-drops-10-7-in-2020-spotify-reaches-172m-subscribers-in-q3/
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#YouTubeAdRevenue #GlobalRoyalties #Spotify #MusicIndustryNews #ExplorationWeekly
Friday Oct 22, 2021
Friday Oct 22, 2021
According to a press release announced by The MLC, Simply Royalties and Verifi Media have now joined its Data Quality Initiative (DQI) Partner Program. There are now seven music data companies onboarded as official DQI partners. By working with The MLC, these companies will be able to help their clients and customers prepare and submit their files as part of the DQI to increase the accuracy of musical works data.
US Senators Amy Klobuchar and Charles E. Grassley proposed a new bipartisan bill called the American Innovation and Choice Online Act. If the legislation is passed, dominant online platforms like Apple, Amazon, Google, and Facebook engaging in anti-competitive conduct could face harsh penalties.
Music industry groups like the record industry trade body BPI and indie organization AIM have welcomed the news that the UK’s Competition & Markets Authority will begin a study into the music streaming market in order to consider the dominance of the majors in recorded music and music publishing as well as how streaming monies are currently shared out across the music community.
Exploration: https://exploration.io/exploration-weekly-the-mlc-signs-two-new-dqi-partners-us-senators-propose-anti-competition-bill-music-orgs-welcome-cmas-streaming-market-study/
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#MLC #DQIPartners #Anticompetitionbill #MusicOrgs #CMA #MusicIndustryNews #ExplorationWeekly
Friday Oct 15, 2021
Friday Oct 15, 2021
According to reports, the NMPA is seeking a 32.4% increase in the CRB headline rate to 20% of a digital service’s revenue for the Phonorecords IV (2023-2027). For comparison, Phonorecords III (2018-2022), was set at 15.1% of a service’s revenue in the final year. The CRB is yet to make a final decision on the rate for the next term as they will weigh the NMPA ask against what the digital services individually propose.
Latin US recorded music revenues grew by 37% to $407 million for the first six months of 2021, according to the RIAA's 2021 mid-year Latin revenue report. The genre now represents a 5.8% share of the overall U.S. market, which grew by 27% in the first half of 2021 compared to the same period last year.
The SEC recently green-lit the sale of shares in a song for the first time, reported by fan investment platform and royalties marketplace SongVest. In a move to allow fans to invest in a secure online marketplace, SongVest says the song “Hit the Quan” by ILOVEMEMPHIS has received an SEC qualification to publicly sell Buck Nasty’s share of producer royalties from the song via its platform.
Exploration: https://exploration.io/exploration-weekly-nmpa-seeks-32-4-crb-rate-increase-latin-music-us-revenues-up-37-mid-year-royalty-shares-receive-first-sec-qualification/
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#NMPA #CRBrate #LatinMusic #RoyaltyShares #SEC #MusicIndustryNews #ExplorationWeekly
Friday Oct 08, 2021
Friday Oct 08, 2021
We are close to releasing our book: "How The Music Business Works: 2nd Edition" next week on Thursday, October 14!
With editorial review from students at Belmont University, Cornell University, MTSU, and UNC Chapel Hill, this book is meant to be a current and comprehensive music industry resource for businesses, students, songwriters, and anyone who is interested in the intricate components of the music business.
The Second Edition accommodates for the changes in the music industry since our last publication in 2018. Developments such as the passage of the Music Modernization Act (MMA), the Mechanical Licensing Collective (MLC), the global pandemic, and changes in our digital infrastructure have influenced the way the industry operates.
We invite you to join us for the Release Event on October 14 at 3:30 PM Central Time. Please RSVP with this webinar registration link:
https://us06web.zoom.us/webinar/register/WN_H5620QFrQYaGb6JaN16cBg
For a chance to win a full set of books, check out this link:
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#webinar #musicbusinesstips #musicpublisher #musicwebinar #free #musicindustry #bookrelease
Friday Oct 01, 2021
Friday Oct 01, 2021
Music licensing platform Pex has partnered with the World Intellectual Property Organization Arbitration and Mediation Center to provide what they call the “first neutral, third-party copyright dispute resolution service” to address copyright infringement. The system is intended for use by creators, rights holders, platforms, and all those that create and house content. It will be made available within Pex’s Attribution Engine.
Roblox and the NMPA signed a new agreement that is expected to create future opportunities for collaboration between music publishers and creators. It will also settle any previous claims against Roblox filed by NMPA members, and additionally offer songwriters new ways to monetize their songs and catalogs.
TikTok has officially reached one billion monthly active users, the company announced this week. That is up from 689 million monthly active users counted in July 2020. Facebook has a reported 2.9 billion MAUs, YouTube has 2.3 billion, and Twitter has 206 million daily active users, for comparison.
Exploration is excited to announce the official release for our next book, “How The Music Business Works: 2nd Edition”!
We wrote the first edition back in 2018 as a free digital ebook, which later garnered more than 15,000 reads worldwide. Due to the changing nature of the music world and how it operates over the past few years, the second edition accommodates for these shifts and changes, and will be available for free digitally and in print to be the most current and comprehensive music industry resource to date.
Register here: https://us06web.zoom.us/webinar/register/WN_H5620QFrQYaGb6JaN16cBg
for the Release Event on October 14th at 3:30 PM Central Time (US & CA).
Exploration: https://exploration.io/exploration-weekly-pex-and-wipo-launch-copyright-dispute-resolution-service-nmpa-and-roblox-sign-new-agreement-tiktok-hits-1-billion-maus/
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#Pex #WIPO #NMPA #Roblox #TikTok #MusicIndustryNews #ExplorationWeekly
Friday Sep 24, 2021
Friday Sep 24, 2021
Twitch announced a new deal with the National Music Publishers’ Association (NMPA) this week for future collaborations and improvements on the gaming experience and songwriter exposure. Twitch additionally released a new process for music rights holders to report certain uses of their music in their streams.
The Ivors Academy and Music Rights Awareness announced at the Ivor Novello Awards that they are teaming up on a new initiative called Credits Due to make sure all songs are tagged with the creator identifiers and role codes that services need to pay composers. Creators are now also able to register metadata on Sessions software that plugs into various music production tools.
The UK Government responded to recent music streaming economics report, calling for a market study on the economic impact of the three major labels as well as for the introduction of a right to equitable digital music remuneration.
In this 10th and final episode of our series, Aaron talks about our beloved late colleague and dear friend, Donnadelle Manguiat. She was Exploration’s Director of Mechanical Licensing, interfacing with organizations like HFA and MRI. She will always be remembered for the positive experiences she created for others around her.
We love you, Donna.
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#Twitch #NMPA #CreditsDue #UKgovernment #MusicStreaming #MusicIndustryNews #ExplorationWeekly