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Spotify Holds Press Event In New York
TechSpotify could be coming to Google’s Chromecast
By Benjamin SnyderSeptember 18, 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.
Arts & EntertainmentBMI breaks a billion-dollar record
By Tom Huddleston Jr.September 10, 2015
Spotify Holds Press Event In New York
TechSpotify updates privacy policy to clarify how it collects your data
By Robert HackettSeptember 4, 2015
PANDORA SUMMER CRUSH 2015
TechAs the music industry changes, Pandora’s tune stays the same
By Erin GriffithSeptember 1, 2015
Spotify Press Announcement
TechSpotify to users: Sorry, we meant to tell you sharing your data is optional
By Kia KokalitchevaAugust 21, 2015
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
Portrait Session with MEGA Limited Executives
TechKim Dotcom’s music streaming service is finally here
By Kia KokalitchevaAugust 17, 2015
2012 Coachella Music Festival - Day 3
TechThis is how many times Dr. Dre’s new album was streamed in its first week on Apple Music
By Michal AddadyAugust 17, 2015
Brazilian President Dilma Rousseff And President Obama Joint Press Conference
Arts & EntertainmentCheck out President Obama’s Spotify playlist for the summer
By Benjamin SnyderAugust 14, 2015
Spotify Holds Press Event In New York
TechFree Spotify may be about to change dramatically
By Claire GrodenAugust 11, 2015
TechIs 11 million Apple Music subs anything to brag about?
By Philip Elmer-DeWittAugust 10, 2015
Streaming-Service Apple Music
TechApple Music has snagged 11 million trial users
By Victor LuckersonAugust 6, 2015
Pandora To Raise $231 Million With Sale Of 10 Million Shares
Tech‘Tis the season for Christmas music in July—here’s why
By Chris MorrisAugust 4, 2015
of 'One Chance' poses at the Guess Portrait Studio during 2013 Toronto International Film Festival on September 9, 2013 in Toronto, Canada.
LeadershipHere’s why Taylor Swift wrote that Apple letter
By Claire GrodenAugust 4, 2015
2016 Honda Accord with Apple CarPlay®
TechWill this convince you that a Honda Accord is cool?
By Doron LevinJuly 30, 2015
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