While not directly royalty related, the biggest news to impact songwriters this week was the passing of industry icon Leonard Cohen, who leaves behind a body of work that will inspire generations of artists to follow.
Here are the other stories from the week worth noting:
Lyrics Are Popping Up Everywhere, And That’s Good News For Songwriters (American Songwriter)
People Google song lyrics over 5 million times every day.
U.S. Copyright Act's Public Performance Exception Costs Composers More Than $150 Million: Study (Billboard)
PMP Conseil’s research shows that European rights-holders lose $44 million a year from these exemptions, while U.S. rights-holders lose $109 million a year.
Why the music industry is poised for explosive growth (Business Insider UK)
Analysts wrote that they expect recorded music revenue to grow 5% in 2016, to ~$15 billion. By 2025, they predict that number will be $30 billion.
Kobalt and Faction Forge New Partnership (Billboard)
Through the new arrangement, Faction's talent managers will use Kobalt as their preferred partner for publishing, label and digital distribution services.
Sell your music in time for the 2016 holiday season: end-of-year music distribution deadlines (DIY Musician)
20% of all music sales (and 30% of sales on CDBaby.com) happen in the last 6 weeks of the year.
