Music Business Roundup: Martin Bandier’s Letter, BBC Music Service, & More

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Martin Bandier Talks DoJ’s Proposal
Earlier in the week, Sony/ATV’s Chairman & CEO Martin Bandier wrote a letter to all of the company’s songwriters. He urged them to go to the NMPA’s (National Music Publisher’s Association) town hall meeting in Nashville, and talk to people about the Department of Justice’s proposal regarding new licensing rules. If you’re confused about these issues like many in the industry, we suggest reading Songspace’s article called “Consent Decrees and Hyperbole.”
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BBC Plans For A New Music Service
The main media company in the UK, The BBC, has announced plans for a new music streaming service. It would host around 50,000 songs that listeners would be able to access after a song was played on the radio or tv, with the goal being to “champion British music.” BPI warns that fair deals would have to be struck with rights holders in order for this to work – as they can’t stream music without paying anyone.
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BMI’s Revenues Hit $1 Billion
The PRO Broadcast Music, Inc. announced they racked up over $1 billion in collections for the year ending June 30, 2015. This is the second year in a row that they passed that mark, with royalties from cable and satellite, radio and tv, licensing, and digital sources all contributed to the total (in order of largest percentage). However, after deducting operating expenses like extensive legal fees, BMI will only pay out $877 to rights holders.
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Pandora’s Listener Love Day
To celebrate their 10th anniversary, Pandora gave listeners one day ad-free called “Listener Love Day” on Wednesday. Giving up ads for one full day meant they lost out on around $2.7 million in revenues, but they hoped to make up for it in the publicity and promotion received. They also attempted to gain more subscribers by offering a $0.99 one day subscription option the following day.
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Apple Announces New Products & Upgrades
The biggest event in the tech world this week was Apple’s conference held on Wednesday. The event was full of new announcements for the company, including upgrades to the iPhone, a new iPad Pro, and the Apple TV. In entertainment it is always important to pay attention to Apple, as advances in tech and tv can have significant effects on the music industry.
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