Day: 26 novembre 2019

Impala to oppose Tencent investment in Universal Music Group

Independent-music body Impala has come out against plans for Chinese technology company Tencent to buy a 10% stake in Universal Music Group, with an option to buy a further 10%.
“Even at a low level of shareholding, we believe the risk of harm for consumers and competitors from such a transaction would be a concern because of the impact in both the digital market and the music sector, with independents being squeezed further and artists also losing out,” said Impala’s executive chair Helen Smith, in a statement this morning.
Impala has campaigned actively and influentially (if not always successfully, in terms of persuading regulators to step in) against consolidation of the music industry’s major labels. The proposed Tencent / UMG investment represents a new front for the body’s concerns.
The post Impala to oppose Tencent investment in Universal Music Group appeared first on Music Ally.
Source: Music ally

Web inventor Tim Berners-Lee unveils ‘Contract for the Web’

“If we leave the web as it is, there’s a very large number of things that will go wrong. We could end up with a digital dystopia if we don’t turn things around. It’s not that we need a 10-year plan for the web, we need to turn the web around now.” Some sobering comments […]
The post Web inventor Tim Berners-Lee unveils ‘Contract for the Web’ appeared first on Music Ally.
Source: Music ally

Spotify faces another digital royalties-related lawsuit

Will Spotify’s lawyers ever be able to enjoy their Christmas dinners without a looming royalties lawsuit? The latest comes from independent music company Sosa Entertainment and its sister firm Pro Music Rights. MBW reports that Sosa claims that it has not been paid the full royalties for more than 550m streams of its catalogue on Spotify. There […]
The post Spotify faces another digital royalties-related lawsuit appeared first on Music Ally.
Source: Music ally

Former PledgeMusic CEO threatens legal action over allegations

There’s a new row involving collapsed crowdfunding service PledgeMusic, and specifically its former CEO Dominic Pandiscia. After a musician – Ken Andrews of the band Failure – made a series of allegations about Pandiscia in a Facebook post, they were picked up by music blog Brooklyn Vegan, in an article that has since been removed from […]
The post Former PledgeMusic CEO threatens legal action over allegations appeared first on Music Ally.
Source: Music ally

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