Though the late country star receded from the spotlight somewhat over the last decade, his hit-filled catalog kept his earnings strong to the present day.
“We prefer recording artists and producers maintain the freedom to choose whether to deliver a spatial mix, without being financially penalized,” one indie label exec says.
Last year's payments to rights holders may have accounted for 20% of the value of global music copyright.
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With Universal Music Group and TikTok clashing over licensing terms, a number of tracks on Billboard's TikTok Top 50 chart can no longer be used on the app
Both user and subscriber growth exceeded expectations, while revenue was in line with guidance, though one-time charges led to an operating loss in the quarter.
Music economist Will Page cites three case studies to examine the merits of SoundCloud’s approach to calculating royalties.
Full-year revenue dropped 0.6% to $8.95 billion while adjusted EBITDA fell 2% to $2.8 billion.
YT contributed $6 billion to the music industry in 12 months, explains Lyor Cohen.
