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Page 67 of 83
WASHINGTON, DC - FEBRUARY 3: Pandora co-founder Tim Westergren in Washington, DC on February 3, 2015. (Photo by Linda Davidson / The Washington Post)
TechHere’s Why Pandora’s Stock Rose Despite Higher Costs
By Mathew IngramDecember 17, 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.
TechMusic Royalties Adjusted: Did Taylor Get Her Way?
By Don ReisingerDecember 17, 2015
Tim Cook, chief executive officer of Apple Inc., speaks during the Apple World Wide Developers Conference (WWDC) in San Francisco, California, U.S., on Monday, June 8, 2015. Apple Inc., the maker of iPhones and iPads, will introduce software improvements for its computer and mobile devices as well as reveal new updates, including the introduction of a revamped streaming music service. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Tim Cook
TechApple Music Could Catch up to Spotify in 2016
By Tom Huddleston Jr.December 17, 2015
Views Of Ohio's Second Largest City
Arts & EntertainmentHere Are the Newest Members of the Rock and Roll Hall of Fame
By Jessica Goodman and Entertainment WeeklyDecember 17, 2015
Spotify Will Tell You Which Star Wars Character You’re Most Like
Arts & EntertainmentSpotify Will Tell You Which Star Wars Character You’re Most Like
By Benjamin SnyderDecember 15, 2015
TIDAL X: 1020 Amplified by HTC - Show
TechCan an Algorithm Discover the Next Beyoncé?
By Amy SerafinDecember 15, 2015
General Views of the Pandora Website Ahead of Earns
Arts & EntertainmentThis Ruling Could Make or Break Pandora
By Michal AddadyDecember 14, 2015
Taylor Swift performs during her '1989' World Tour at AAMI Park on December 10, 2015 in Melbourne, Australia.
TechTaylor Swift Says She Owns ‘1989’ and ‘Swiftmas.’ Here’s why
By Jeff John RobertsDecember 14, 2015
Adele Announces North American Tour Dates
Arts & EntertainmentAdele Announces North American Tour Dates
By Tom Huddleston Jr.December 14, 2015
Taylor Swift performs in Times Square on New Year's Eve in New York
Arts & EntertainmentThe Most Played Music Video of 2015
By Chris MorrisDecember 11, 2015
happy birthday cake
Arts & Entertainment‘Happy Birthday’ Song Is About to Become Public Domain
By ReutersDecember 9, 2015
Budweiser Made In America Music Festival - Los Angeles - Day 1
Arts & EntertainmentThe Leading Grammy Nominees Are All With This Giant Label
By Tom Huddleston Jr.December 7, 2015
performs during Lollapalooza 2013 at Grant Park on August 2, 2013 in Chicago, Illinois.
Arts & EntertainmentLollapalooza Adding an Extra Day for its 25th Anniversary
By Tom Huddleston Jr.December 3, 2015
Pandora CEO Brian McAndrews
TechWhy is the CEO of Pandora Arguing Against Free Music?
By Mathew IngramDecember 2, 2015
Latitude Festival - Day 3
TechRadiohead’s Thom Yorke Just Compared Google to Nazis
By Benjamin SnyderDecember 2, 2015
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