Based on these facts, it would seem unwise for most artists – independent or otherwise – to follow Swift’s lead and dismiss offering some or all of their music in an intelligent and well-thought out way through select streaming services. Studies show worldwide paid subscribers on the leading streaming services and the growth in streaming earnings are up. Clearly, streaming has become a substantial part of the revenue pie and appears poised to continue steady growth. Read more.
Performance rights organization BMI reports new records for royalty distributions and revenue for the fiscal year. ASCAP is taking a firm stand against Pandora Internet Radio, claiming that “the rights of songwriters are under attack” and asking songwriters to sign an online petition. It’s the 20th anniversary of Nirvana’s In Utero, and among the items included in the new box-set is a four-page letter from producer Steve Albini. “I would like to be paid like a plumber,” he writes. Read more.
Late last year, at the urging of Pandora radio and other tech industry players, Congressman Jason Chaffetz (R-Utah) and Jared Polis (D-Colo.) co-sponsored the Internet Radio Fairness Act (IRFA). The bill got such a late start that it failed to make it out of committee during the 2012 Congressional year. It also fared poorly at a Congressional hearing in late November 2012, but sources such as Billboard warn that the bill isn’t dead so much as “hibernating.” Read more.