Music Industry News – MLC Week, Snap's record $50-billion valuation, Twitch & DMCA Takedown Notices

Music of Halloween –
Rocky Horror Picture Show Clip –

In this video:
The Mechanical Licensing Collective (The MLC) will be launching a full week of panels and programming from October 26-30 ahead of its official date to fully operate in January 2021. The string of webinars will feature updates about the progress on different aspects of The MLC’s operations, and participants will have the opportunity to hear from leading stakeholders who were instrumental to the passage of the Music Modernization Act and the establishment of The MLC.

Snap shot to a record valuation of $50 billion, according to its third-quarter earnings call this week. The company posted revenues of $679 million – $225 million more than it made in Q2, and a 52% year-over-year increase from Q3 2019. As far as user growth, Snapchat added 11 million daily active users this quarter, and now boasts a total of 249 million.

Twitch creators received another round of DMCA takedown notices for archived broadcasts and clips on its service. The news was discovered by esports consultant Rod Breslau, suggesting in a screenshot of an email sent by Twitch, that the company was deleting affected videos straight away rather than asking channels to remove the content or challenge the copyright claims.

PodBean Podcast:

#MLCweek #Twitch #DMCA #Snap #ExplorationWeekly #MusicIndustryReport

You can view the original video HERE.

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