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Business News Digital Education & Events
Digital licensing to be explained at CMU Insights masterclass
By CMU Editorial | Published on Thursday 26 November 2015
CMU Business Editor Chris Cooke will explain how digital music services are being licensed as part of a CMU Insights masterclass on the digital market in London next month.
Earlier this year, Cooke led a nine-month research project for the UK’s Music Managers Forum, speaking to over 30 experts and insiders to work out how streaming services like Spotify are licensed by record companies, music publishers and collecting societies around the world. For the MMF, the aim of the ‘Dissecting The Digital Dollar’ report was to overcome confusion in the management community as to how digital deals were being done, and how digital royalties are processed, so to inform the ongoing debate on the evolving streaming market.
Says Cooke: “There has been much discussion this year about the streaming music business, where it’s heading, and whether current models are working. But for that debate to be fruitful, it helps to understand how the music industry is licensing these platforms, and what that means for how royalties are paid. Very few people have a full understanding of all the different elements, and with ‘Dissecting The Digital Dollar’ the MMF set out to overcome that problem”.
He goes on: “At our ‘Navigating The Digital Market’ masterclass I’ll provide a concise overview of how things are working. When we launched the MMF report, we published a very complicated diagram to illustrate just how complex digital licensing is. You’re not really meant to understand what’s going on in that diagram, but during the CMU Insights session we will deconstruct it in a way that will make much more sense”.
‘Navigating The Digital Market’, presented in association with Lewis Silkin and Eleven on 7 Dec, will also provide an overview of which digital services are dominating in 2015, in terms of users and revenues, both in the UK and beyond. Tickets are just £99 and can be bought here. Premium CMU subscribers get in for £75 using the code in recent editions of the CMU Digest bulletin.
