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Music Managers Forum to launch part two of Digital Dollar report this week
By CMU Editorial | Published on Monday 3 October 2016
The Music Managers Forum will this week publish Part Two of its report ‘Dissecting The Digital Dollar’, which has been produced by CMU Insights, the training and consultancy wing of this here CMU.
As previously reported, Part One of the ‘Digital Dollar’ report was published just under a year ago. It set out to explain in one place how streaming services like Spotify and Apple Music are being licensed by the music industry and what happens to digital royalties as they work their way from the streaming service through to artists and songwriters.
The report also provided an overview of the copyright law, contractual conventions, collective licensing rules and other music industry practices that influenced how streaming services ended up being licensed, and outlined seven issues that artists and the wider music community now face as streaming becomes the single biggest revenue generator for the recorded music industry.
MMF commissioned Part One to both inform managers so that they could better advise their clients on the streaming market, but also to instigate a debate. And to that end, this spring the MMF staged a series of roundtable discussions involving artists, songwriters, labels, publishers, lawyers, accountants and lots and lots of managers, to discuss the key themes raised in Part One, and to assess the opinions of managers and their clients, and the wider music community, on each of those issues.
Part Two summarises those roundtables, covering – among other things – how digital income is shared, data, transparency and the debate around safe harbours and YouTube. Off the back of the report, MMF will set out the position of the managers it represents on a number of key topics in the streaming domain.
The new report will be launched in London on Thursday, with CMU Insights MD Chris Cooke joining MMF’s Annabella Coldrick and Jon Webster in running through the findings, at a press event in the morning and an event for members in the evening. Cooke and Coldrick will also present key findings at the MaMA convention in Paris next week, on Thursday 13 Oct.
If you’ve still not read Part One, well, you’ve got three days to digest it all. You can download the full version or the exec summary here.
