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BMI Distributes Historic 1.233 Billion to Songwriters, Composers, and Publishers

Despite the unprecedented impact of the global COVID-19 pandemic, BMI closed its fiscal year ended June 30 with historic...

Kobalt CTO Discusses Tech Horizons In Music Industry

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[caption id="attachment_201618" align="alignnone" width="400"]radiofacts.com Music Week Tech Summit 2018[/caption] In advance of his keynote at the Music Week Tech Summit, Kobalt's chief technology officer Rian Liebenberg opened up to discuss what's next for technology and the digital revolution: 'We are still at the early stages of understanding how technology can be leveraged to simplify distribution at global scale. There are still under-served regions where new or existing fans can be reached more easily, and likewise for new artists to be discovered. There are some great innovations on the horizon that will increase access, usage and drive volume. VR and voice are two great examples.' Liebenberg was appointed to CTO of Kobalt in June of this year. Kobalt Music Group was founded in 2000 by CEO Willard Ahdritz. Its primary service is as an administrative publishing company that also offers label services, built around an online portal to allow artists to manage their rights and royalties directly. Liebenberg discussed the technological innovations Kobalt brings to the industry: 'Kobalt is unique... It’s the only company that’s built the technology infrastructure to track the billions of microtransactions and fix all the royalty payment inefficiencies in the music industry. Our approach has empowered creators, and we’ll continue to invest in technology and products to help artists and songwriters thrive in the digital age.' The Music Week Tech Summit takes place at The O2 on Wednesday, September 26th.  
SoundExchange Acquires Canadian Musical Reproduction Rights Agency (CMRRA)

SoundExchange Acquires Canadian Musical Reproduction Rights Agency (CMRRA)

Digital and Radio Facts: SoundExchange today announced that it has acquired the Canadian Musical Reproduction Rights Agency Ltd. (CMRRA), a music licensing collective...
CD Baby Pro Sees150% growth in Royalty Collection

CD Baby Pro Sees150% growth in Royalty Collection

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Digital and Radio Facts: Radio Facts: Collecting certain types of royalties as a self-releasing artist was once a pipe dream, especially in markets...
Canadian Royalties Just Got a Bit Better

Canadian Royalties Just Got a Bit Better

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Radio Facts: musicroyaltycanadaCanadian music labels (businesses that range in size from major labels to artist-owned imprints) this week began receiving an additional $2 million in accelerated and additional royalty distributions through an efficiency and data improvement project by CONNECT Music Licensing and Re:Sound Music Licensing, while other rights holders in Canada will enjoy benefits from a spin-off effect."In an environment of reduced sales of music and scrutiny of every single penny of potential earnings, we are thrilled that this project has increased the royalties for our rights holders by millions of dollars," says Graham Henderson, President of CONNECT Music Licensing. "We strive for efficiency, transparency and innovation, and together with our partner, Re:Sound, are proudly leading efforts to increase the efficiency of collective licensing in Canada and put more money directly in the pockets of rights holders."The improved efficiencies reflect a 28% decrease in administration costs, or $1.2 million annually, which will be paid out in additional royalties to the 2,700 members of CONNECT. This is the result of a June 16, 2016, announcement that rights holders represented by CONNECT would start receiving their neighbouring rights and private copying royalties directly from Re:Sound, the not-for-profit organisation mandated under the Copyright Act to collect these royalty streams. The move also accelerates royalty distributions.In addition, a significant investment in new technology by CONNECT, significant improvements to data streams from CONNECT's member labels, and work by CONNECT and Re:Sound to exhaustively analyze and synchronize each organization's data in order to create a single repertoire database, have resulted in added royalties for CONNECT members as well as other rights holders in Canada. Specifically, these measures have freed up an additional $1 million in royalties for labels. CONNECT's members have already begun to see the benefits in royalty payments issued this week. As a spin-off benefit, another $1 million in royalties are available for distribution to performers signed up through Re:Sound's member organisations ACTRA, MROC and ARTISTI. These gains extend to rights holders in every province."The increased royalties are particularly notable as they result from our drive to improve royalty collection in line with international best practices, as opposed to adding revenues from a new music service or higher tariff award from the Copyright Board," Henderson remarks. "Organizations like CONNECT and Re:Sound exist only to serve rights holders, and today we have delivered on that promise."The improved metadata and transparency at the heart of these measures will provide ongoing benefits to all record labels and performers, and will help to bring Canada into line with industry best practices.

"ASCAP: One Hundred Years and Beyond" Exhibition to Open at Library of Congress

Digital and Radio Facts: Radio Facts: The American Society of Composers, Authors and Publishers (ASCAP), one of the world’s leading performing-rights organizations, through...

“ASCAP: One Hundred Years and Beyond” Exhibition to Open at Library of Congress

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Digital and Radio Facts: Radio Facts: The American Society of Composers, Authors and Publishers (ASCAP), one of the world’s leading performing-rights organizations, through...
Royalty Exchange Announces 3 Doors Down Auction, Celebrates Sales Mark And Media Accolades

Royalty Exchange Announces 3 Doors Down Auction, Celebrates Sales Mark And Media Accolades

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Digital and Radio Facts: Radio Facts: Royalty Exchange, the world's only online auction marketplace for music and entertainment royalties, today announced the sale...

SoundExchange to Provide Monthly Payments to Artists and Labels

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Radio Facts: moneyIf you are a songwriter, producer, or publisher this sort of news is music to your ears. Beginning this month, SoundExchange will provide monthly royalties to artists, labels and rights owners signed up to receive electronic payments. Previously, SoundExchange sent royalty payments quarterly to its registrants, and is now the first sound recording performance rights organization in the world to offer monthly distributions. Most sound recording performance organizations in other countries pay only annually."While SoundExchange was already a market-leader with quarterly distributions, moving to monthly payments takes our service to the next level," said SoundExchange President and CEO Michael Huppe. "By making performance royalties available sooner, we are making it easier for recording artists and record labels to focus on creating the music we all enjoy."Initially, monthly royalty payments will be sent to those that are signed up to receive electronic payments, and have royalties due of at least $250. Artists and labels that do not meet this minimum threshold will continue to be paid on a regular, quarterly schedule under the organization's existing guidelines. After the initial roll out period, SoundExchange will re-evaluate eligibility qualifications for its monthly payment program.SoundExchange, which recently celebrated its 10-year anniversary, represents recording artists, rights owners and record labels from every type of musical genre. Since inception, SoundExchange has put nearly $2 billion into music creators' pockets. SoundExchange administers the statutory license for more than 2,000 digital music services that rely on it for the use of sound recordings.
Dear Momma: Tupac's Mom Suing E1 for $1.1 Million Over Her Son's Music

Dear Momma: Tupac’s Mom Suing E1 for $1.1 Million Over Her Son’s Music

Digital and Radio Facts: Radio Facts: The lyrics go, "I appreciate you raised me and all the extra love that you gave me."...
Dear Momma: Tupac's Mom Suing E1 for $1.1 Million Over Her Son's Music

Dear Momma: Tupac's Mom Suing E1 for $1.1 Million Over Her Son's Music

Digital and Radio Facts: Radio Facts: The lyrics go, "I appreciate you raised me and all the extra love that you gave me."...

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