For a monthly fee, content creators can have access to 50,000 pre-cleared songs and 200,000 sound effects — although, superstar artists are not included.
The Billboard Global Music Index dropped 1.5% to 1,355.65 this week, bringing its year-to-date gain to 16.1%.
"As an organization that promotes the unifying and healing power of music, we are shocked and heartbroken," the Recording Academy states.
Young’s on-demand audio streams are down a third since he left Spotify, which means he's missing out on about $16,000 in royalties each month.
Deezer's new model doesn't address some of the fundamental issues with the economics of streaming, says former Sony Music exec Thomas Hesse.
The trade group has "concerns" that the model will disadvantage independent artists and labels.
Jeronimo Folgueira breaks down the streamer's new "artist-centric" payout model and how the company arrived at the definition of a "professional artist."
Lean-back listening has gotten a bad rap, but streamers and rights holders should recognize the value it brings to fans.
The digital distribution, marketing, publishing and label services company joins Virgin Music Group, UMG's independent music division.
Also this week: Reservoir and PopArabia buy the RE Media catalog, Timbaland acquires a stake in lifestyle and vinyl brand 12on12 and more.
