Exploration Audio Newsletter - December 25, 2020

Check out major music industry news you may have missed this past week!

PROs ASCAP and BMI launched SONGVIEW this week, a data platform free to access by the public, providing music users with an authoritative view of copyright ownership and administration shares from both repertoires. The database breaks down ownership shares by ASCAP and BMI share percentages as well as shares listed as Other, if applicable. 

French media conglomerate Vivendi announced on Friday, December 18 that a consortium led by China’s Tencent will exercise its option to acquire a further 10% stake in Universal Music Group (UMG), raising the consortium’s holding to 20%. The Tencent deals put a floor valuation of EUR30 billion ($36.9 billion) on UMG. The new blanket mechanical license established by the Music Modernization Act of 2018 will cover the use of musical works in the US by eligible digital audio services, starting January 1, 2021. 

Digital service providers (DSPs) are preparing to secure the license by working with two new organizations created by the MMA: The Mechanical Licensing Collective (The MLC), which is responsible for administering this new blanket license, and the Digital Licensee Coordinator (DLC), which is responsible for representing the digital audio services that will be operating under the new blanket license. 

Random Ramblings 

Explore the Billboard's year-end charts.

https://www.billboard.com/charts/2020/year-end

 

Taylor Swift makes a record by claiming the first two spots of the Billboard Top Album Sales chart with "Evermore" and "Folklore" albums.

Spotify trends analysis.

Queen’s road to critical acclaim.

Pentatonix put their signature spin on Rodgers and Hammerstein's “My Favorite Things".

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