After a relatively smooth debut on the New York Stock Exchange, Spotify is inspiring a handful of other music tech companies to consider launching their own IPOs.
Spotify is buying rights company Loudr in a move to beef up its ability to track and pay royalties to music publishers amid attempts by U.S. Congress to simplify the royalty system for artists on streaming services.
From the beginning, the inability of streaming services to accurately pay rightsholders represented an existential risk for streaming as a business model.
The “music omnibus” bill represents the rare compromise between the music business and tech companies, who have spent years fighting each other over fractions of pennies.
SiriusXM announced today that it will be the exclusive radio broadcaster of live performances and interviews from the Coachella Valley Music and Arts Festival for the fourth consecutive year.
Today marks the global launch of Tracklib, the world’s first and only music service that enables music creators to discover, sample and license original recordings.