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Taylor Swift The 1989 World Tour Live In Seattle
Arts & EntertainmentThese female pop stars are 25 and under — and crazy rich
By Daniel BukszpanAugust 19, 2015
Bob Weir, from left, Phil Lesh, Trey Anastasio
Arts & EntertainmentGrateful Dead could gross $50 million for last 5 concerts
By Daniel BukszpanJuly 2, 2015
The Late Show with David Letterman
Arts & EntertainmentDavid Letterman: Comedian, late night legend… and shrewd businessman?
By Daniel BukszpanMay 19, 2015
People pose with mobile devices in front of projection of Youtube logo in this picture illustration taken in Zenica
TechPeople who got famous (and got paid) thanks to YouTube
By Daniel BukszpanMay 6, 2015
Revenue from licensing music for digital streaming has meant big revenue bumps for agencies like BMI and Ascap. Perhaps it’s time for the “B” in BMI to stand for “billion”—as in $1 billion in annual revenue. The music agency, whose full name is Broadcast Music Inc., announced Thursday that it set an industry record by raking in $1.013 billion over the year ending June 30. That’s BMI’s highest yearly revenue ever, and it squeaks by the $1.001 billion reported earlier this year by ASCAP, BMI’s main rival for handling music licensing and artists’ songs for play on radio, television, streaming media, and other platforms. BMI and ASCAP — the latter of which said it was the first performing rights organization to top $1 billion — have increased their revenue in recent years even as the music industry on the whole remains in flux due to evolving distribution models. The increase comes amid higher consumption of digital music, which requires streaming services like Pandora P 0.38% , Spotify, YouTube GOOG 1.15% , and Apple Music AAPL 2.09% to pay BMI and ASCAP royalties to stream songs by their songwriter members. Together, ASCAP and BMI represent a reported 90% of songs released commercially in the U.S. BMI's roster of artists includes Taylor Swift, Lady Gaga, and Lil Wayne.
RetailBillboard will soon include music streams and digital downloads
By John KellNovember 20, 2014
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