But all is not well in the creator community, as many artists and songwriters continue to be unhappy with streaming income (seen most pertinently in the UK parliamentary DCMS inquiry). Everything looks great for the build-up to the impeding Universal Music Group (UMG) IPO. Streaming continues to grow strongly, as evidenced by the 28% growth reported by the RIAA for H1 2021 in the US. The expansion of the premium payment program allows composers and songwriters a chance to share in the success of a hit show. These expanded eligibility requirements for premium payments ensure that ASCAP composers, songwriters and music publishers are also eligible for premium bonus payments for the top streamed shows and movies on these services in addition to the continuation of premium eligibility for top rated series on cable and broadcast. ASCAP is renaming and expanding the TV Premium Plan (TVP) to a platform agnostic Audio-Visual Premium plan (AVP). OTT services are those that offer programming directly to viewers over the internet such as Netflix, Hulu, Amazon, Apple TV+, Disney+ and HBO Max. 23, 2021 - As more and more consumers subscribe to online, direct-to-consumer audio-visual platforms, ASCAP is immediately expanding its existing TV Premium payment plan to include eligibility for top streamed shows on major “over-the-top” (OTT) streaming services. You can ask yourself how much of a risk it is that major publishers will sue their major label affiliates and what kind of a settlement avoiding that risk might drive. It’s become obvious after the majors’ 11th hour reply comment in “#FrozenMechanicals Take One” that the majors have tied a settlement on what is essentially the late fee on black box mechanicals at the participating labels to getting a freeze on mechanicals. Public comments are designed to help the Copyright Royalty Judges focus on important nuances before they tell us all what’s fair.Įnter the connection between extending the fifteen year-old frozen mechanical rate for another five years in return for what may well be hundreds of millions under the unmatched “late fee waiver” settlement (total settlement value still undisclosed). The public comments on the majors’ proposed settlement at the Copyright Royalty Board that freezes mechanical royalties on vinyl and CDs are again attracting first rate reporting and arguments.
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