Music
The Mechanical Licensing Collective (The MLC) recently stated that this week, it received an estimated $424 million in accrued historical unmatched royalties from a total of 20 digital service providers (DSPs) along with corresponding data reports that identify the usage related to these royalties. The delivery contained more than 1,800 data files in excess of 1.3 terabytes and nine billion lines of data.
Next month in March, YouTube is bringing its short-form video format, YouTube Shorts, to the US for the official launch. The company has been testing the format in India since September and reports that it has been watched more than 3.5 billion times a day in the country.
iHeartMedia is set to acquire Triton Digital for $230 million in a recently signed agreement with The E.W. Scripps Company. The acquired company is an Advertising Technology SaaS platform for audio streaming, podcasting, and metrics that enables publishers to monetize their audiences, focusing on advertising infrastructure and measurement.
Exploration: exploration.io/exploration-weekl…digital-for-230m/
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#MLC #YTShorts #iHeartMedia #TritonDigital #Exploration #MusicIndustryNews
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