Tag: blockchain

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    What the Paperchain team has been reading about rights, royalties, data, music tech & blockchain — July 04 2017

    Delaware House Passes Historic Blockchain Regulation The state of Delaware has passed amendments to state law that make explicit the right to trade stocks on a blockchain, according to multiple sources familiar with the matter. Crammed in at the last minute before the state House went into recess, the measures were part of a broader series of amendments that legally recognized any number of records being stored on a blockchain. Read more
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    What the Paperchain team has been reading about royalties, music tech & blockchain — June 03 2017

    Streaming generates vast amounts of royalty data, and not all collecting societies are coping The growth of streaming has meant a vast increase in the amount of data being supplied to collecting societies in order to calculate the royalty payments due to songwriters and music publishers. Some are processing this data better than others, but issues with conflicting information in some society databases only makes things more difficult. Read more
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    Listen—Paperchain Founder Daniel Dewar's interview on The Blockchain Show

    Paperchain Founder Daniel Dewar was recently interviewed by Steve Anderson on The Blockchain Show. The episode is now live and can be listened to via the below links. Android user? Click here. iPhone user? Click here. Listen on the web? Click here.
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    Music royalties, digital rights & distribution — What Paperchain has been reading in April 2017

    Spotify, Apple Music, Tidal Paying $1.6 Million a DAY In Major Label Guarantees On-demand streaming services Spotify, Apple Music, Tidal, Deezer, Rhapsody, and others collectively paid nearly $1.6 million in guaranteed payments a day to just three major recording labels last quarter. Total ‘minimum guarantees’ topped $144 million over the 91 day period, a figure that likely doesn’t include preferred advertising inventory and other juicy perks. That is on top of royalties for actual plays, which more than quintupled that figure.
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    Does the Music Industry Need a Blockchain?

    As awareness moves beyond BitCoin and cryptocurrencies to distributed ledgers, blockchain is fast-becoming the dominant (theoretical) solution to challenges facing many industries. No more so than the music industry—an industry plagued with inefficient and outdated data practices that interferes with the creation and maintenance of reliable data records, resulting in unpaid royalty revenue to artists, publishers and labels.

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    Music royalties, digital rights & distribution — What Paperchain has been reading lately.

    Share Of Revenue Music Streamers Paid Licensing Orgs Fell 27% In 2016, Says New Study Music streaming revenue jumped $56.% in 2016. Subscription revenue grew 93% and captured 61.9% of market revenue (U.S.) in 2016, while ad billings ramped 19.5%, to $1.7 billion. Revenue may be growing, but the percentage of it passed on to creators is dropping. An estimated 34.8% of total streaming music service revenues went to licensing organizations in 2016, compared to 47.
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    What the Paperchain team has been reading about royalties, music tech & blockchain — February 10 2017 Edition

    The US Music Industry Crossed A Threshold In 2016 Nielsen recently released its Year-End Music Report for 2016 and it details a pattern of music consumption in the United States that has never been seen before. Album sales in every format save one are down from 2015. Downloads of digital songs are down. And yet, overall music consumption was up 3%. The reason? On-demand streaming took over the music business. Read more
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    The latest in royalties, music tech & blockchain — January 16 2017 Edition.

    Distributed Ledgers: Shared control, not shared data In the context of distributed ledgers, I have noticed that many commentators and consultants confuse shared control of data with the sharing of data itself. The difference is crucial, and this common simplification misses the most important aspect of distributed ledgers. Read more Blockchain For Music: The Promise and Problems Know who owns rights to what is one of the greatest challenges currently faced by the music industry as well as those involved in it.
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    The latest in royalties, music tech & blockchain — December 22 2016 Edition

    Blockchain’s Key Economic Impact: Verifying Transactions and Operating a Network When a distributed ledger is tied to a native cryptographic token, marketplaces can function without the need of intermediaries, lowering networking costs. Bitcoin for the first time in history demonstrated value could be transferred reliably between untrusting parties without the need of an intermediary. Read more OMG, Ethereum Is So Hard Forked Basically we think any consternation about recent (intentional and unintentional) forks or their effects is misplaced.
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    Last week in royalties, music tech & blockchain — December 2016 Week 01 Edition

    The Changing World of Music Royalties Today, the music industry generates over $160 billion in worldwide revenue, less than ten percent of which is from the sale of recorded music. As the industry evolves, new revenue sources continue to be created. Read more Blockchain in Financial Services — Hype or Reality? Why are Financial Services firms interested in Blockchain? First they see the potential for cost reduction in processes like trade settlement and reconciliation.