Here’s a recap of important music business news you need to know:
The iPod Nano & Shuffle are no more:
Apple has decided to kill the iPod Nano and iPod Shuffle. All of you runners and folks who got the Nano and Shuffle as a free bonus for buying computers will now own a piece of Apple product history.
The company announced on Thursday that it has discontinued the Nano & Shuffle. They are no longer available for purchase online and don’t appear on the Apple website.
The news doesn’t come as too big a surprise. The iPod has been largely rendered obsolete by the iPhone as the phone’s hard drive space grew. Consumers just didn’t want to have one devise specifically for music, when they had another in their pocket that provided that feature and so much more.
Google Play & YouTube Red Merging:
Google Play Music, Google’s traditional streaming service will merge with YouTube Red. The move was announced by Lyor Cohen at the New Music Seminar conference in New York this week according to Verge. He stated that the purpose would be to bring in new subscribers and educate consumers.
The move has been rumored for months and makes sense. YouTube Red gives you access to Google Play as part of its monthly subscription fee offering, in addition to ad-free browsing of videos on YouTube. Since you already get one with the other, it makes sense that the two would be merged since they are both Google products. It should make things simpler for consumers and hopefully make both a better product. No word yet on when the merge will officially take place.
BMI & ASCAP Creating Joint Music Database:
BMI & ASCAP have announced plans to create a joint music database. The two largest performance right organizations (PROS) in the United States would feature aggregated data from both of their libraries. This would make things easier for artists to find rights information on works in both organizations. ASCAP & BMI say it is for greater transparency in the music marketplace.
Work on the database began a year ago according to Billboard and is expected to launch in late 2018. The database will have much of the same information you can find when searching for songs in the BMI and ASCAP databases.
This would be very useful for artists who are working with songwriters across PROs. It won’t solve problems such as missing information or wrong information in the databases, but it should be easier to find data for songs and artists who work with a variety of artists. This could also pave the way for SESAC to join at some point in the future.
SoStereo.com | Intelligent. Music. Licensing.