Music Biz Monday // 11.26

Every Monday, we’re sharing the latest news and information for the music industry and technology worldwide.

Get your learn on and stay in the know with Symphonic’s new Music Biz Monday!

Will Article 13 Really Kill Youtube? Read It For Yourself – It’s Only 240 Words Long.

There’s been no more fiery a topic in the global music business this month than Article 13.
This is the provision within the new European Copyright Directive which seeks to make user-upload services like YouTube legally liable for all copyright-infringing content on their platforms.
\\ Read more on Music Business Worldwide //

eMusic Blockchain Token Sales To Launch, Despite Ongoing Payment Problems

Indie digital music retailer eMusic will open the sale of its eMU Tokens to the public outside of the U.S. on Monday. November 26. The tokens are part eMusic’s blockchain project that could be hampered by its ongoing payment struggles that have seen a number of major and independent labels and distributors pull their catalog off the platform.
\\ Read more on Hypebot //

Supreme Court May Rule Against Apple in Closely Watched Antitrust Case

The Supreme Court has agreed to hear an antitrust case against Apple.
Robert Pepper, a Chicago resident, first filed a class-action lawsuit in 2011.  He alleges Apple has created a monopoly.  iPhone users can only purchase apps directly through the App Store.  The company takes a 30% cut on sales of apps, games, movies, songs, and subscriptions sold on the platform.  Apple also exerts a lot of control over the process, including forcing developers to price their products ending in .99.
\\ Read more on Digital Music News //

Sound Royalties and AdRev Team Up to Pay Advances to YouTube Creators

Music financing company Sound Royalties has entered into a ‘strategic marketing partnership’ with YouTube monetisation service AdRev.
Through this new strategic relationship, AdRev is now providing content creators with access to advances of $5,000 to $10 million via Sound Royalties’ financing and cash flow solutions.
\\ Read more on Music Business Worldwide //

Following Weak Trading, Goldman Sachs Cuts Spotify’s Price Objective

Can Spotify turn things around and meet analysts’ lofty expectations?
Late last month, Spotify’s stock hit a new low.
Scraping at $131, the company’s share price ultimately closed at $141.68.
\\ Read more on Music Business Worldwide //