Elon Musk blasts streaming services for “crazy low payouts” Tesla founder Elon Musk talks issues plaguing artists in the online music streaming business. Related Posts: Sirius XM buys Pandora for $3 billion Spotify and Ancestry to curate personalized ‘soundtracks of heritage’
Songwriters win big as Copyright Royalty Board boosts streaming pay nearly 50 percent The Copyright Royalty Board has voted to increase songwriter rates for music streaming by 43.8 percent over the next five years. Details here. Related Posts: Sirius XM buys Pandora for $3 billion Spotify and Ancestry to curate personalized ‘soundtracks of heritage’
Credit Suisse predicts that revenue from streaming services will increase sixfold from 2015 to 2020 The financial service company estimates that the global music industry will see revenue increase in 2016 for the first time since 1998 Related Posts: The music industry made $43 billion in 2017, but artists only took away 12% of it Spotify now boasts 83 million subscribers, reports second quarter loss
