Epidemic Sound’s Post

𝗔𝗳𝗿𝗶𝗰𝗮'𝘀 𝗺𝘂𝘀𝗶𝗰 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀. Sony Boomplay It’s long been touted as one of the most exciting music streaming platforms in Africa – with over 98 million monthly active users as of the end of 2023 and a steep growth trajectory. But now Boomplay’s relationship with music’s leading global rightsholders is looking precarious. Music Business Worldwide (MBW) has confirmed that Sony Music has this week pulled its full catalog from the service, including titles distributed by The Orchard and AWAL... By Murray Stassen 𝗘𝘅𝗽𝗹𝗼𝗿𝗲. https://lnkd.in/ebVgV_tj

Check out our latest blog where we explore the long-running legal battle between Eminem's publisher and Spotify. Spotify’s win highlights the complexities of music licensing in today’s streaming world. Click the link below for more details! #Spotify #Eminem #MusicLicensing

Songwriters and music publishers are set to receive a net total of nearly $400 million more in royalties for 2021-2022, thanks to a final ruling on streaming royalty rates. This follows a years-long battle between creators and streaming services over fair compensation. The windfall stems from the Copyright Royalty Board’s Phonorecord III determination in August 2023, which established higher royalty rates for music streamed between 2021 and 2022. This means streaming giants like Spotify, Amazon Music, YouTube, and Pandora underpaid songwriters and publishers by $419.2 million, according to information from the Mechanical Licensing Collective (MLC), highlighting underpayments during the 2021-2022 period. https://lnkd.in/gfahS7pm

The global value of music copyright last year (inc sales, licensing and streaming revenues) was $45.5 billion – nearly $12bn more than cinema box office revenues https://lnkd.in/evtzRDeK

The global music streaming market is projected to reach $41.4B by 2030, fueled by the integration of music in user-generated content (UGC).     As social media and music streaming converge in the "social streaming" phenomena, the need for efficient rights management has never been more critical. 📣   Check out this new article by Russell Karp 🇺🇦 Karp, SVP at DataArt Media and Entertainment, which explores how DDEX is spearheading data exchange to address the complexities of rights management across social media platforms: https://lnkd.in/dt2NVM-W      #DataArt #DataArtMedia #musicindustry #musicbusiness #DDEX #musicrightsmanagement 

In May, Universal Music Group (UMG) and Tiktok reached a new licensing agreement after their dispute which led to UMG's catalog being taken off the platform. This may get you wondering what all the fuss is about when it comes to music licensing for platforms like TikTok. In this article we discuss 5 talking points on music licensing for online platforms with a focus on TikTok-Like Apps. Read it up here https://lnkd.in/dDAGMGnw

I've plugged a couple of special offer CMU Masterclass bundles recently, both of which will soon expire. So I thought I'd plug them again! The code BACKTOWORK gets you extra special prices. One brings together three copyright sessions - how music copyright works, how music licensing works and how music data works: bit.ly/4cWS0Z7 The other includes two deep dives on music licensing, one focused on streaming, the other on sync: bit.ly/3MFr85c

At $45.5bn in 2023, music copyright now worth more globally than cinema, new report finds In 2023, the global value of music copyright surged to $45.5 billion, surpassing the $33.2 billion generated by the global box office. This marks an 11% year-on-year growth and a 26% increase since 2021. Streaming platforms like Spotify and Tencent were key drivers, with streaming revenues growing by 10.4%, alongside a notable rise in vinyl sales, which increased by 15.4%. Record labels led the market with $28.5 billion in revenue, followed by collective management organizations (CMOs) at $12.9 billion, and music publishers at $4.2 billion. https://lnkd.in/dTcXMC2k #Music #MusicCopyright #Musicbusiness #Musicnetworking

🎻 New research reveals that public domain status enhances the availability of classical music in both physical and digital formats, while copyright complexities pose challenges. Streaming services play a key role in shaping access over time. #ClassicalMusic #Copyright #MusicIndustry #Streaming #PublicDomain

2024 saw revenue growth across both streaming and physical music formats. UK streaming revenues increased by 7.8% to £2,018.4 million, while vinyl album sales grew even faster by 10.5% to £196m. https://lnkd.in/eYHjn_Zv