Music Business Roundup: Canadian Copyright, Grooveshark Fines, & More

Videos by American Songwriter

Videos by American Songwriter

Carly Rae Jepsen

Each week on Songwriter U, Songspace recaps the top stories in the world of music business. Here’s everything you need to know from the week ending on April 24th.

Copyright Change in Canada
Currently there is a debate over whether the copyright term for sound recordings should be extended from 50 to 70 years in Canada.  The US and the European Union (as of 2011) have all enacted a term of 70 years, but there is a lot of controversy surrounding the decision – as some people want works to be able to enter the public domain sooner.
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Grooveshark vs. Universal Music Group
A recent court ruling has determined that Grooveshark – a service that offers free music streaming – must pay Universal Music Group anywhere from $3.7 million to $736 million. This is based off the fact that Grooveshark purposefully uploaded copyrighted material from Universal to their site and did not pay royalties.
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Pandora Losses
Despite increases in overall revenue, advertising revenue, subscriptions, and active listeners, Pandora still suffered a $48.3 million net loss in the first quarter of 2015. The CEO cites the company’s investments in all parts of their business as the reason for this year’s numbers.
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Antitrust Laws in Europe
The European Union is looking at different ways of monitoring major Internet companies such as Google and Facebook. The Internet will only continue to grow in importance for all aspects of the economy and business, so the EU wants to make sure they’re looking at all the information.
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YouTube Turns 10
YouTube celebrated its tenth anniversary this week – as the leader in online video, they posted some of their greatest statistics including: they have more then 1 billion users and more than a million YouTube channels are making money from the YouTube Partner Program.
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