Music Industry News.

LMI Co Ltd.

M©M Lanl 

music Instrumentals 

Compositions.

Easy Song Music News Empower Your Music Career and Stay in the Know About Licensing, Copyrighting, and Publishing Updates Help Article of the Month: What Does ISWC and ISRC Mean? Kendrick Lamar vs. Drake: Record-Breaking Streams and Rap's Latest Beef Kendrick Lamar has set the internet on fire with his ongoing rap feud with Drake, capturing the internet's attention with record-breaking streams. Lamar's latest track, "Not Like Us," set a new single-day streaming record on Spotify in the U.S., surpassing Drake's previous record with over 6.59 million plays. The beef, ignited by Metro Boomin and Future's "Like That," has seen multiple exchanges between the artists, including Drake's controversial use of AI-generated voices of Tupac and Snoop Dogg, leading to legal action from Tupac's estate. According to Digital Music News, the dispute escalated with Lamar and Drake trading insults and accusations in their subsequent releases, addressing personal topics and family matters. Drake's response in "The Heart Part 6" even suggested manipulation by his own team, deepening the complexity of their rivalry. Minnesota's New Legislation: "Taylor Swift Bill" Ensures Transparency in Ticket Sales In response to widespread frustration during ticket sales for Taylor Swift's 2023 concert, NBC reported that Minnesota has enacted a new law, championed by Gov. Tim Walz and signed at the iconic First Avenue venue. Effective from January 1, the so-called "Taylor Swift bill" mandates upfront disclosure of all fees by ticket sellers and prohibits resellers from selling duplicate tickets. This legislation, which aligns Minnesota with states like Maryland, aims to shield consumers from hidden fees and fraudulent practices in ticket sales for concerts and other events held within the state. The move was partly motivated by the chaos experienced during Swift's ticket sales, which overwhelmed Ticketmaster's system and sparked congressional hearings without resulting in federal changes. Spotify's Strategy Shift: New Bundle Plan Cuts Songwriter Royalties According to Billboard, Spotify has announced an increase in its U.S. premium subscription fee to $10.99, incorporating 15 hours of audiobooks monthly. However, this seemingly beneficial change for songwriters, expected to enhance U.S. mechanical royalties, comes with a catch. By integrating audiobooks, Spotify now qualifies to pay a reduced "bundle" rate for music streams, which would result in an estimated $150 million less in songwriter and publisher royalties over the next 12 months. This new categorization also extends to Spotify's duo and family plans. Despite a projected overall increase in payouts in 2024, this shift could significantly lower the royalties songwriters and publishers earn from these plans. Critics, including the National Music Publishers’ Association, view this move as a strategic reduction in songwriter compensation and are exploring counteractions. This change, currently limited to the U.S., might influence global markets if Spotify uses this model in future negotiations abroad. Easy Song Marketplace Looking for audio for your next project? Check out the Easy Song Marketplace

Easy Song Music News

Empower Your Music Career and Stay in the Know About Licensing, Copyrighting, and Publishing Updates

Help Article of the Month: How to Maximize Your Discount With Easy Song

TikTok's Latest Trend: Modified Audio Tracks Flourish During UMG/UMPG Tensions

In 2023, the trend of altering music to evade royalties surged on social media, notably TikTok, as revealed by a Pex study. This practice, involving minor modifications in song speed or pitch, unjustly diverts earnings from original creators, impacting nearly 19% of tracks across 20 platforms. Beyond financial loss, this manipulation erodes artistic integrity and challenges copyright laws, leaving artists and producers sidelined. Experts suggest a multifaceted approach to combat this issue, including advanced detection technologies and stronger legal frameworks, to safeguard creators' rights. As the digital landscape evolves, so must our commitment to protecting the creative economy, ensuring artists are compensated for their work.

From the Brink: How Taylor Swift and Beyonce Are Shaping AMC Theatres' Comeback

In a historic move, AMC Theatres saw an 11.5% surge in revenue, reaching $614 million in admissions alone. Despite a $182 million loss, the debut of Taylor Swift's "The Eras Tour" and Beyonce's "Renaissance" films played a pivotal role, marking AMC's first foray into movie distribution in its century-long history. CEO Adam Aron attributed this turnaround to the films' exclusive screenings, which not only captivated fans but also significantly bolstered ticket sales.  Swift's film emerged as the quarter's top earner in North America, with Beyonce's not far behind, illustrating the profound impact of these collaborations on AMC's financial landscape.

The Fight for Fair Streaming: Musicians Act Plans to Change the Industry"

The United Musicians and Allied Workers, along with Rep. Rashida Tlaib, have introduced a bill called the Living Wage for Musicians Act. This proposed law aims to make it fairer for musicians to earn money from streaming services. It would create a new type of payment that goes directly to artists, cutting out middlemen like music labels and publishers, who often focus more on profits. This system would ensure musicians get at least one cent per stream by using money from subscription fees and a 10% charge on other revenues. The plan also puts a limit on how much money a single song can make to spread the earnings more evenly among artists. This move seeks to address the issue that many musicians struggle financially despite the popularity of streaming services. The act is seen as a way to support artists better, ensuring they can make a living from their music in today's digital age.

An upcoming law would make sure artists  receive at least 1 cent per music stream. Read more: We are welcoming our fresh curators ONE SUBMIT Submit your music to: Spotify Playlists, Music Blogs, Radio Stations, TikTok Influencers, Labels, YouTube Channels. LMI Co Ltd. M©M Lanl  music Instrumentals  Compositions.