Music Industry News – ASCAP Grows By $53M, Copyright Office issues new MMA interim rule, & More!



ASCAP’s new annual report showed that yearly revenue collections grew by $53 million in 2020, up on the $47 million growth in collections the organization saw in 2019. Domestic US revenue was also up by 2.5%, partly driven by gains of 28% in audio streaming revenue and 8% in audio/visual revenue.

The Copyright Office has issued an interim rule, pursuant to the Music Modernization Act (MMA), regarding notices of license, data collection efforts, reports of usage and payment by digital music provider blanket licensees, notices of nonblanket activity and reports of usage by significant nonblanket licensees, and data collection efforts by musical work copyright owners. It became effective October 19, 2020.

YouTube reported that in December of 2020, more than 120 million Americans streamed YouTube and YouTube TV on their TVs, further stating that about one-fourth of this group watched content almost exclusively (more than 90% of their total viewing) on TV screens.

It’s Metadata March and Songwriters of North America (SONA) is excited to launch the Sexy Metadata Action Group (SMAG). The organization will be hosting a variety of workshops this month. Register for the upcoming event on March 15 at 12 PM PST, discussing SoundExchange with SONA host Autumn Rowe.

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#ASCAP #CopyrightOffice #YouTubeTVviewers #newMMArule #MusicIndustryNews #Exploration

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