Emmanuel Stober, PhD’s Post

Universal Music Group remains at loggerheads with TikTok over licensing terms, AI and safety concerns. Now it has the backing of IMPALA Independent Music Companies Association on the first of those issues. The organisation has published a statement this morning summarising its members’ views on TikTok and other ‘moment economy’ services, as well as on the streaming-payout changes being made by Spotify, Apple Music and Deezer. On the former, the chair of Impala’s streaming group Mark Kitcatt, who is also CEO of Everlasting Records and Popstock Distribuciones, outlined the body’s stance. “As set out in our streaming plan, there is an urgent need to secure fair revenues from these vital services. In line with this, IMPALA supports UMG’s stance on TikTok in relation to valuing music properly,” said Kitcatt. “The independent community has adopted a similar approach at various points over the years with other services, from MTV to Apple to YouTube,” he continued. “We also reject arguments equating the use of music on TikTok to promotion. There is a huge value gap that must be addressed but, beyond that, an exciting opportunity to explore new ways of generating and sharing revenues.” Read The Full Story Here: https://lnkd.in/d5B9EqFF #FairLicensing #MusicIndustry #ImpalaSupport #musically #musicnews #readmore

According to a report, Nigerians spend an average of 31 hours weekly — much more than the global average of 20.7 hours — listening to music, especially Afrobeats. And while there are now more people who are paying for music streaming platforms than five years ago, it’s not nearly enough revenue for the kind of growth the industry is witnessing. The global music industry is dancing to the rhythm of streaming, with 67.3 percent of all music revenue worldwide generated from digital subscriptions to streaming platforms. In March 2024, The International Federation of the Phonographic Industry (IFPI) released the Global Music Report for 2023, which disclosed that streaming brought in 67 percent of the $28.6 billion realised in 2023, leaving the sales of physical copies and performance rights trailing behind with 17.8 percent and 9.5 percent respectively. Comments, anyone? Robert Ebo Hinson, DPhil, PhD Finola Kerrigan Dr. Chloe Preece https://lnkd.in/dNNGPy6g

Taylor Swift isn't the only one singing sweet melodies of success this year! 🎶 According to Business Insider, the global recorded music revenue has seen a booming growth of 10.2%, all thanks to the #streaming revolution! From Spotify to Apple Music, streaming platforms have become the rhythm of our lives, propelling the music industry to new heights. And with artists like Taylor Swift leading the charge, it's no wonder we're hitting record numbers. In fact, she brought in more money this year than most corporations ($1.82 billion in 2023). But it wasn't just Swift and her business partners that made major money last year. According to the annual IFPI report, global recorded music revenue topped $28.6 billion. Let's keep the music playing and the charts soaring! 🎉 Who's your favorite artist making waves in this golden age of music streaming? Share your playlist gems below! 🎧💫 #MusicIndustry #StreamingRevolution #TaylorSwiftSuccess #ChartToppers

⚖️ Platforms and the music industry : the balance of power The digital era has created enormous opportunities and challenges for the music industry. However, although the music industry once called streaming platforms the savior of the industry—this is rapidly changing. More information in this new article👇 https://lnkd.in/ev_TaRj2

📰 Songwriters and Publishers to Receive Nearly $400M Payout After Streaming Royalty Ruling in the US, ASCAP Announces Record Revenue for 2023, Spotify Says Independent Artists Received $4.5 Billion in Royalty Payments and much more! 🎶 Check out major music industry news you may have missed this past week! #ascap #spotify #royalties #music #newsletter #explorationweekly #musicnews

New Post: Music Canada collaborates with economist Will Page to launch first-ever study of Canada’s streaming market – Music Canada - https://lnkd.in/dcrRfREd detailed report on where and how Canadian artists are reaching their fans today The Canadian Radio-television and Telecommunications Commission (CRTC) online streaming method, Music Canada commissioned a first-of-its-compassionate report examining the presence and prominence of Canadian artists in the country’s audio streaming market. This report was written by a renowned economist and streaming music market expert. Will Pageanalyzes Luminate data for the top 10,000 artists and top 10,000 songs listened to by Canadians on audio streaming platforms to determine the breadth and depth of connections between Canadian artists and Canadian fans. The report found that nearly 1,000 of the […]

Music streaming services are opposing a new Canadian regulation requiring them to allocate 5% of their Canadian revenue to support local content creation. The Digital Media Association (DiMA), representing platforms like Amazon Music, Apple Music, and Spotify, criticized the move as a discriminatory tax that favors traditional radio. Under the Online Streaming Act, services earning over CAD $25 million annually must contribute to funds supporting Canadian content and various organizations, including FACTOR and Musicaction. While traditional broadcasters and unions support the rule, the main opposition comes from global streaming platforms that do not want to pay additional fees to support music artists. They also argue that the regulation could force them to raise subscription costs, impacting their profitability. https://lnkd.in/gdkkCTGn #OnlineStreamingAct #CanadianOnlineStreamingAct

🚨 Important development in the music industry! 🚨 The UK government, alongside the Intellectual Property Office (IPO), has launched a voluntary code of good practice for music streaming transparency. Set to take effect on July 31, 2024, this initiative aims to ensure musicians receive fair compensation for their work on streaming platforms. Key points: • Royalty Calculations and Sharing: Clear guidelines for how royalties are calculated and distributed. • Audit Rights: Musicians will have the right to audit financial information related to their streaming royalties. • Independent Legal Advice: Encourages artists to seek legal advice before signing contracts. This move is part of a broader effort to build trust and transparency in the music industry. Learn more about how this will impact artists and the industry at large. 🔗 Read more here: https://lnkd.in/eaT7cfqC #MusicIndustry #IntellectualProperty #StreamingRoyalties #MusicianRights #UKGovernment

The recorded music industry encompasses the production, promotion, and distribution of sound recordings to consumers. Historically, this segment has been the most profitable within the music industry. However, the 2000s brought significant challenges with the rise of peer-to-peer sharing platforms like Napster, leading to increased piracy and copyright infringement. These issues turned the industry into a high-risk venture, deterring many investors. With the advent of digital platforms such as iTunes, Amazon, Spotify, and Apple Music, the industry has seen a gradual recovery. Investors are now witnessing revenue levels reminiscent of the 1980s and 1990s. According to the 2023 IFPI report, the recorded music industry generated $28.6 billion globally, with streaming revenue contributing 67% ($19.3 billion) of that total. The number of premium subscribers grew from 255 million worldwide in 2019 to 589 million in 2024. This resurgence has been driven by a business model emphasizing transparency and accountability, which has protected creatives, investors, and stakeholders in various countries and regions. However, not all countries have been able to replicate this success. In Nigeria, the industry continues to grapple with copyright infringement issues, both in physical formats like CDs and on digital platforms. Despite optimistic revenue projections for the Nigerian music industry, particularly the role of digital platforms, these forecasts have yet to materialize fully. The IFPI 2023 report highlighted the Sub-Saharan market as the fastest-growing market for two consecutive years, with a growth rate of 24.75%. South Africa dominates this market, contributing 77% of the total revenue. While streaming platforms are becoming more popular in Nigeria, the industry is not yet at a stage where creatives can confidently rely on it as a steady source of income. However, there are good indicators as Statista reports that revenue in the Africa music industry is expected to show an annual growth rate of 13% which will lead to a projected market volume of $484M by 2026. In "Music Commerce in Africa" (2023), Iredumare Opeyemi O. identifies several key enablers of the success witnessed in the African music industry, including increased foreign investment and catalog acquisition, the rapid growth of internet connectivity, the accelerated development of mobile digital infrastructure, and the recent affordability of smartphones across the continent. #entertainment #entertainmentlaw #music #musiclaw #nigeria #africa #musicbusiness #recordedmusicindustry #afrobeat #nigeria #africa #UBANIOBINNA