Tag: music revenue
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Understanding Music Licensing Royalties: A Deeper Dive into Performance, Mechanical, and Sync Royalties
Understanding Music Licensing Royalties: A Deeper Dive Music licensing is a vital aspect of the music industry that ensures artists, songwriters, and producers are compensated for the use of their work. Royalties are earned whenever music is used, whether in films, television shows, advertisements, or public performances. However, the process of tracking, collecting, and distributing…
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Why Artists Should Watch the Growth of Niche Streaming Platforms in 2024
As the music industry continues to evolve, so does the way music is consumed. With a staggering $66.23 billion in US OTT subscription revenues forecasted for 2023, niche streaming platforms are becoming increasingly important players in the media landscape. While the majority of this revenue flows to the big names like Netflix, Disney+, Hulu, YouTube,…