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Universal Music, Tidal Streaming Collab Reaches New Platforms
Toward January’s conclusion, following its CEO kicked off 2023 by touting the perceived prospective of “artist-centric” audio platforms, Universal Music Team (UMG) partnered with Tidal “to discover an innovative new financial model” for streaming. Now, the Massive A few label has disclosed that the collaboration is extending to distinctive expert services still. This most recent development in UMG’s energy to retool streaming services’ compensation framework emerged in the company’s Q4 2022 earnings call. For reference, Tidal and Universal Music claimed in a depth-gentle launch that they would try to improved reward “the benefit delivered by artists” on platforms such as Spotify, Apple Tunes, and Deezer. Then, Tidal a few days…
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GESAC, ECSA Lobby to End VOD Platforms’ ‘Buy-Out Practices’
Brussels’ Berlaymont creating, which serves as the headquarters of the European Commission. Picture Credit rating: EmDee The European Grouping of Societies of Authors and Composers (GESAC) and The European Composer and Songwriter Alliance (ECSA) are calling on EU officials “to set an conclude to the coercive obtain-out methods of US-centered VOD platforms.” Brussels-headquartered ECSA (which consists of 55 songwriter organizations and is funded partially by the EU) and GESAC (encompassing 32 European businesses) detailed their new conference with customers of the European Parliament in a formal release currently. Although the entities’ announcement message doesn’t discover the talks’ particulars, it does make apparent that the businesses have far-achieving “concerns about the…
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Digital Services Act Passes EU Vote, Will Regulate Ticket-Resale Platforms
Brussels’ Berlaymont building, which serves as the headquarters of the European Fee. Picture Credit: EmDee The European Parliament has formally voted in favor of the significantly-achieving Electronic Products and services Act, which, amongst other points, will implement a variety of operational requirements for ticket-resale platforms. Users of the European Parliament just just lately authorised the just about two-12 months-outdated measure (539 votes to 54 votes, with 30 abstentions), and an organization known as The Face-worth European Alliance for Ticketing (FEAT) arrived at out to Electronic Songs Information with a formal release celebrating the improvement. FEAT, possessing aimed “to market improved ticket resale methods across Europe” considering that its 2019 founding,…
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China Prohibits All Music Platforms From Inking Exclusive Copyright Deals
Beijing, China. Image Credit: zhang kaiyv About 4 months just after Tencent Tunes (NYSE: TME) officially canceled its special-music deals to comply with an purchase from the Chinese federal government, a copyright-oversight agency has barred all domestic streaming platforms from signing the agreements. This most recent development in the Chinese government’s prolonged-managing tech-sector “antitrust” crackdown was issued specially by the Nationwide Copyright Administration of China (NCAC), all through a modern assembly in Beijing, according to a report from the Taipei Moments. Increased-ups from Chinese streaming solutions and the broader audio field assembled for the gathering in dilemma, for every a statement that the NCAC posted on Tencent’s WeChat application. And…
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