Tag - RIAA
Music streaming has overtaken music downloads in terms of music revenue in the United States, according to a report from the RIAA. Now the largest revenue generator for the US music business, it is claimed streaming brought in 34.3 percent of overall revenue for 2015, equalling $2.4 billion of the $7 billion revenue, narrowly beating the 34 percent share downloads have, with both well ahead of physical media sales at just 28.8 percent of the revenue total.
Pandora is paying the RIAA $90 million, to settle a lawsuit concerning the streaming of song recordings produced before 1972. At the same time as the settlement announcement, the streaming service's latest financial results report has been greeted poorly, with the stock price for Pandora dropping considerably in after-hours trading, after it suffered a third-quarter loss that may have been caused by the introduction of Apple Music, among other factors.
The Recording Industry Association of America (RIAA) is continuing its war on music piracy, by attacking software that is said to be used for that very purpose. The RIAA sent a letter to BitTorrent executives urging the company to do something about the use of the file distribution technology's use in music piracy, while a collection of groups joined it in persecuting CNet for providing downloads to apps that could be used for copyright infringement.
Sirius XM Holdings has agreed to a legal settlement with independent and major record companies for its use of recordings created before 1972. The satellite radio broadcaster will pay $210 million to plaintiffs ABKCO Music & Records, Capitol Records, Sony Music Entertainment, UMG Recordings, and Warner Music Group.
A new report from the Recording Industry Association of America (RIAA) finds that revenue from music streaming services such as Beats Music, Pandora, and Spotify have now in total beaten out revenue from CD sales in the US, capitalizing on the latter's continued fall from grace (largely thanks to excessively high CD pricing). Both formats are still well behind download sales as the top revenue stream, but even that format is gently declining.
Kim Dotcom, founder of the legally-troubled internet storage locker service Megaupload, believes that the entities involved in the case of his previous business venture are at least partially responsible for the growth of his newest service, Mega. Boasting upload growth since November in a graph posted by Dotcom, Mega has seen a 300 percent growth over the past six months.
Finally closing the door on the trial, the US Supreme Court has refused to hear an appeal from file sharer Jammie Thomas-Rasset. As it now stands, the Minnesota woman owes the top record labels $220,000 stemming from the 2007 lawsuit finding her liable for sharing 24 songs online. Thomas-Rasset was one of two defendants who did not settle with the group, with both found to have shared the music and slapped with monumental fines for doing so.
The Recording Industry Association of America (RIAA) today lambasted Google in a report for not going far enough to stop media piracy. The RIAA believes that the efforts that commenced by Google in August -- which exceed that required by law -- have been ineffectual in stopping "serial infringers" from finding content hosted by pirate sites. In August, Google made changes to its search algorithm to lower the profile of sites accused by legitimate copyright owners of hosting pirated content. The RIAA claims that sites that have been accused of copyright theft "still managed to appear on page one" over 98 percent of the time.
Researchers from the Columbia University-affiliated American Assembly, a non-partisan public affairs forum, have suggested in a new study that US media pirates buy roughly 30 percent more music than non-pirates. The Recording Industry Association of America (RIAA) Vice President of Research and Strategic Analysis Joshua Friedlander disagrees, claiming that "what [the study is] comparing is people who are interested in music with people who might not be interested at all."
The Supreme Court has declined to hear an appeal against a $675,000 damages award to the RIAA and Sony in a file-sharing trial, reports Wired. Attorneys for Joel Tenenbaum, formerly a Boston college student, argued the defendant should be protected against "unrestrained discretionary jury damage awards against individual citizens for copyright infringement," but was denied by the court without further comment.