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NMPA and streaming services prepare for battle over CRB rates

This week, streaming services and US body the NMPA have filed their proposals for how the Copyright Royalty Board (CRB) should set publishing rates for on-demand audio streams in the US from 2023 to 2027.
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Spirit Music Group owner bags $500m investment

Lyric Capital Group is the owner of independent publisher Spirit Music Group, having led a buyout of the company in 2019.
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Stage11 raises €5m to explore metaverse music (and NFTs)

French startup Stage11 has raised a €5m funding round (around $5.8m) for technology that it hopes is “reimagining music for the metaverse”.
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UK-based Black Lives in Music Survey reveals troubling findings

A new report published by UK-based organisation Black Lives in Music has surveyed Black artists and industry people about their experiences of racism and discrimination at work.
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10 things we learned about India’s music industry at All About Music 2021

The fifth edition of annual Indian conference All About Music that took place during the last week of September was, unsurprisingly, its second virtual instalment. It was also its biggest with over 240 speakers delivering...
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UnitedMasters can now pay artists in… cryptocurrency?

It’s usually the domain of blockchain startups, with the twist usually being that there’s no immediate way for the artists to convert that cryptocurrency into ‘fiat’ cash.
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ANote Music raises more funds for its music investment platform

The company has appointed two new advisers: Italian journalist, label owner and film producer Carlo Antonelli, and music manager, entrepreneur and Beyoncé-dad Mathew Knowles.
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FEAT calls for stricter European rules on secondary ticketing

It has joined a group of 30 signatories of a statement encouraging the EU’s Digital Services Act legislation to create “effective and unambiguous rules… to tackle illegal activities and rogue traders”.
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Latin music revenues grew by 37% in the US in first half of 2021

US industry body the RIAA has published a mid-year report on Latin music’s performance in the US. Revenues for it grew by 37% to $407m in the first half of 2021.
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KKR-led consortium tipped again to buy Kobalt songs catalogue

The Financial Times reported that KKR will lead a consortium to buy the catalogue for around $1.1bn, with the family office of former Goldman Sachs partner Stephen Hendel also involved.
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eMarketer publishes latest figures on US digital audio listeners

Spotify could have more than 100 million listeners in the US by 2025, if research firm eMarketer’s latest predictions are on the mark.
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Google may soon have an Android equivalent of Apple One

Apple One is Apple’s services bundle, where people can pay a single, discounted price for Apple Music, Apple TV+, Apple Arcade and iCloud storage (and on its highest tier, for Apple News+ and Apple Fitness+ too). It launched...