The biggest news of the week was the settlement of the 7-year battle between between YouTube and German PRO GEMA, which now paves the way for artists and songwriters represented by the organization to have their music available to YouTube viewers in the country.
Here are the other stories from the week worth noting:
Music Publishers in 2016 Q3: Who's Soaring & Who's Slipping? (Billboard)
After spending the first half of the year fighting off a market-share surge from Warner/Chappell, Sony/ATV re-established a 10-plus percentage point lead as the top music publisher in the third quarter of 2016.
SOUNDCLOUD AND ICE SIGN MULTI-TERRITORY LICENSING DEAL (M-Magazine)
SoundCloud has penned a deal with pan-European licensing organisation ICE, which covers the repertoire of PRS for Music, German society GEMA and Swedish society STIM.
Is the Record Business Really Back? How Streaming Is (And Isn't) Turning a Profit (Billboard)
While streaming has been great for the major labels, its economics are rarely as rewarding for songwriters, publishers and even some labels and artists. And so far, none of the companies in the streaming business are making money.
NMPA, NSAI Submit Streaming Rates Proposal to Copyright Royalty Board (MusicRow)
The National Music Publishers’ Association and the Nashville Songwriters Association International submitted a proposal today (Nov. 1) to the Copyright Royalty Board to determine the interactive streaming services rates payable by services like Pandora, Spotify, and others for 2018-2022.
Warner Music Centralizes U.S. Financial Operations In Nashville (Hypebot)
Warner Music is shifting the lion's share of its financial operations to Music City, where it is opening a new 'center of excellence for Shared Services.' The company hopes that by centralizing its financial, legal, and administrative functions, they will become more efficient and better enabled to serve clients.
