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WASHINGTON, DC - FEBRUARY 3: Pandora co-founder Tim Westergren in Washington, DC on February 3, 2015. (Photo by Linda Davidson / The Washington Post)
Tech

Here’s Why Pandora’s Stock Rose Despite Higher Costs

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December 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.
Tech

Music Royalties Adjusted: Did Taylor Get Her Way?

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December 17, 2015
Netflix Made Socks That Pause Your Show When You Fall Asleep
Tech

Netflix Made Socks That Pause Your Show When You Fall Asleep

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December 17, 2015
Virtual Reality Livestreams Come to the Porn Industry
Tech

Virtual Reality Livestreams Come to the Porn Industry

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December 16, 2015
ABC's Coverage Of The D23 Expo 2015
Tech

Disney Teams Up With Alibaba To Sell Movies, TV Shows In China

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December 15, 2015
Why Nike Used Twitch to Market Kyrie Irving’s New Sneaker
Tech

Why Nike Used Twitch to Market Kyrie Irving’s New Sneaker

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December 12, 2015
Netflix Partners With SoftBank For Japan Launch
Arts & Entertainment

Netflix and Fox Dominate the Golden Globe Nominations

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December 10, 2015
Here’s Why Netflix Investors Are Getting Nervous
Tech

Here’s Why Netflix Investors Are Getting Nervous

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December 7, 2015
GERMANY-IT-SHOW-ELECTRONICS-FAIR
Tech

The Smartphone Is Eating the Television, Nielsen Admits

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December 7, 2015
Keurig Green Mountain Inc. "K-cup" coffee pods sit near a coffee machine in a salon in Princeton, Illinois, U.S., on Tuesday, Feb. 3, 2015. Keurig Green Mountain Inc., is scheduled to report quarterly earnings on Feb. 4. Photographer: Daniel Acker/Bloomberg
Retail

5 Things You Need to Know About Keurig’s Takeover Deal

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December 7, 2015
YouTube Red is a Trojan Horse in the War Over TV
Tech

YouTube Red is a Trojan Horse in the War Over TV

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December 3, 2015
30 Rock
Arts & Entertainment

NBC’s Streaming Service for Comedy Nerds is Free For Now

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December 3, 2015
Your Favorite TV Shows Could be Coming to YouTube
Tech

Your Favorite TV Shows Could be Coming to YouTube

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December 3, 2015
Pandora CEO Brian McAndrews
Tech

Why is the CEO of Pandora Arguing Against Free Music?

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December 2, 2015
The 2014 ESPYS - Show
Tech

Drake is Spotify’s ‘Most-Streamed Artist’ of 2015—But There’s a Catch

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December 1, 2015

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