Headlines: Spotify's Russian Expansion, PRS Royalties Forecast, And A Crusading Lawyer Talks Copyright

  in Industry News

Jul 20, 2020

Why Spotify Needs Russia (MIDIA)

Instead of focusing on maximising revenue growth among existing subscribers, Spotify is rolling the dice on subscriber growth. Emerging markets are where the subscriber growth lies.

PRS For Music Warns Of Royalties Hit To Come From Covid-19 (Music Ally)

PRS has just paid out its July 2020 distribution, £132.4m, which was up by 3% year-on-year. However, CEO Andrea Martin warned the society’s members that there are tough times ahead.

Meet The Crusading Lawyer Hated By The Biggest Companies In Music (Rolling Stone)

Busch and his clients have sued the likes of Universal Music Group, Sony Music Entertainment, Warner Music Group, Sony/ATV, BMG, and Kobalt, as well as dozens of individual artists and writers. And right now he’s knee-deep in two more controversial cases: one repping three producers against a Travis Scott Number One single, and another pitting punk band Yellowcard against the deceased rapper Juice WRLD.

Shamrock Capital Raises New $400M Fund To By Content... Including Music Copyrights (MBW)

The capital behind Shamrock Capital Content Fund II has been raised from a mixture of pension funds, sovereign wealth, endowments and foundations, family offices and financial institutions.