A final settlement agreement has been set on a long-running legal dispute between the Radio Music Licensing Committee (RMLC) and Global Music Rights (GMR). In 2016, GMR filed a suit alleging unfair payment of songwriters. The RMLC represents the interests of around 10,000 commercial radio stations, and as of April 1, 2022, will have entered long-term licenses with GMR in order to settle the dispute.

The MLC seeks songwriter candidates to be considered for seats on its Board of Directors, Unclaimed Royalties Oversight Committee, and Dispute Resolution Committee. They must be professional songwriters who retain and license mechanical rights for songs they have written.

Amazon’s spending on video and music content in 2021 hit $13 billion, up around 18%, according to its annual SEC filing. The expenses include licensing and production costs as well as costs associated with digital subscriptions and sold or rented content

Subtítulos en Español!

Remember to ask any questions you have in the comments below, we're here to help!

Exploration: https://exploration.io/exploration-weekly-gmr-and-rmlc-settle-legal-dispute-the-mlc-seeking-songwriter-candidates-amazon-film-tv-and-music-content-spending-up-18/

Instagram: https://www.instagram.com/exploration... Twitter: https://twitter.com/explorationio LinkedIn: https://www.linkedin.com/company/expl... YouTube: https://www.youtube.com/c/Exploration... Facebook: https://www.facebook.com/Exploration.io/ SoundCloud: https://soundcloud.com/helloexploration PodBean: https://explorationgroup.podbean.com/

#GMR #RMLC #MLC #AmazonFilm #MusicIndustryNews #ExplorationWeekly

In the fourth quarter of 2021, YouTube sold $8.6 billion in ads, about 25% above the $6.9 billion that it sold in the final quarter of 2020. According to The Hollywood Reporter, this brings YouTube’s 2021 ad revenue haul to $28.8 billion (not including revenues from its subscription services like YouTube Music).

In the same quarter, Spotify’s global Premium Subscribers grew to 180 million, up by 5% from the prior quarter (Q3 2021), and up by 16% year-on-year. The streaming service’s Monthly Active User tally of 406 million was also near the top end of its guidance range, with much of its growth coming from India, Latin America, and Indonesia.

Lastly, SiriusXM posted its Q4 financial report this week as well, revealing that it added around 1.2 million net new self-pay subscribers, taking its total to 32 million - a record for the company. Pandora, on the other hand, saw a decline in its listeners to 52.3 million, but a 30% increase in its advertising revenues to $1.54 billion.

Exploration: https://exploration.io/exploration-weekly-youtube-sold-8-6-billion-in-ads-spotify-reaches-180-million-subscribers-in-2021-siriusxm-adds-record-1-2-million-subscribers/ Instagram: www.instagram.com/exploration.io/ Twitter: twitter.com/explorationio LinkedIn: www.linkedin.com/company/exploration YouTube: www.youtube.com/c/ExplorationGroup/featured Facebook: www.facebook.com/Exploration.io/ SoundCloud: https://soundcloud.com/helloexploration PodBean: explorationgroup.podbean.com/ #YouTubeAds #Spotify #SiriusXM #MusicIndustryNews #ExplorationWeekly

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.

Exploration: exploration.io/exploration-weekl…19-5b-in-revenue/ Instagram: www.instagram.com/exploration.io/ Twitter: twitter.com/explorationio LinkedIn: www.linkedin.com/company/exploration YouTube: www.youtube.com/c/ExplorationGroup/featured Facebook: www.facebook.com/Exploration.io/ SoundCloud: @helloexploration PodBean: explorationgroup.podbean.com/ up 40%, Apple hits record revenue, & more!

#YouTubeMusic #WesternDSP #CRBstreamingRoyaltyRate #YouTubeSmartDownloads #MusicIndustryNews #ExplorationWeekly