Analysis News Global songwriter royalty collections topped $10bn in 2021, but were still below pre-pandemic levels CISAC has published its Global Collections Report 2021
News Ingrooves wins third patent, for AI tech to predict TikTok trends that can translate into upticks in streams Tech claimed to detect opportunities from UGC content trends across TikTok, YouTube Shorts, and Instagram Reels
Analysis News YouTube’s Q3 ad revenue slides 1.9% YoY amid ‘shift in user behavior’ YouTube ad revenue in Q3 came in at $7.07 billion
News Spotify mulls price hike in US following Apple, YouTube’s lead 'When our competitors are increasing their prices, that's really good for us,' said CEO Daniel Ek on SPOT earnings call
News Hacker who stole Ed Sheeran’s unreleased music to sell for crypto gets 18-month jail term in the UK Hacker illegally accessed cloud-based accounts of 89 artists, including Ed Sheeran and Lil Uzi Vert
News Taylor Swift’s Midnights ‘priciest’ ever digital album sold by Tencent Music in China (report) Midnights was released on Friday, October 21
News Adidas terminates Kanye West partnership, talent agency CAA drops him as a client Moves prompted by recent antisemitic statements made by the artist
News TikTok parent sells 46,000 Pico VR headsets in China in race to beat Meta ByteDance acquired Chinese VR headset maker Pico for an undisclosed amount last year
News Pollen owes £75m to creditors with only one potential buyer in sight (report) Report comes two months after the company fell into adminsitration
News Nearly $700m has been paid to songwriters and publishers by the MLC to date The Mechanical Licensing Collective counts 22,000 members, after adding more than 6,000 in 2022
News YouTube Premium Family Plan price rises 28% to $22.99 per month in the US Subscribers were notified of the change via email
News SoundExchange wins $9.7m royalties lawsuit against Slacker and parent company LiveOne Court rules in favor of US performance rights organization SoundExchange
News Record industry clamps down on AI-based music extractors that infringe on copyrights RIAA has lodged its 2022 Review of Notorious Markets for Counterfeiting and Piracy
News Sony Music inks new partnership with Kuwait-based creative studio GHMZA to sign Khaleeji pop artists Bader Al Shuaibi and Bashar al-Shatti will be the first two artists to work with Sony Music Middle East
News 2 Chainz to host weekly Amazon Music Live concert series on Prime Video The series is called Amazon Music Live and will go online Thursdays at 9pm PDT