We keep you informed!
In the ever-changing and fast-moving Entertainment Business, with new developments and exploitation formats emerging on a daily basis, the number one challenge is to stay on top of these changes and ensure you are getting the services you require in a way that is efficient, secure and cost effective.
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Spotlight on a team member
Chris Woodman
Chris joined us in the autumn of 2002 on a consultancy basis overseeing the implementation of one of our largest catalogues. He liked it so much that he stayed on and has been involved at the core of our business ever since. This year will see him reach a decade with The Source! 2012 sees him in charge of all International Label management and also running our UK office.
Feel free to contact Chris and his team at: labels@the-source.eu
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Royalty Notifications Update
Royalty notifications are sent out from our royalty department before the 15th of each month.
The statements are specified in the left hand column of the notification and you can access the statements via the Content Editor.
If your content includes the use of different contracts, you will receive one notification per contract type.
Royalties under €100 will not be paid but carried forward to the next accounting period (as per our contract terms).
If you have any questions please contact us at: royalties@the-source.eu
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Simon Cowell: The DJ Factor?
Simon Cowell's Syco Entertainment has announced it's next TV venture: a live show with a remit to "find the
world's greatest DJs".
In partnership with Jada Pinkett-Smith's Overbrook and Sony Pictures Television, the show's producers hope to develop a successful global show which has yet to be named.
We will just have to wait and see whether it will be more a case of "Last Night A DJ Saved My Life" or "Hang The DJ"...
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2012 IFPI Digital Music Report
Following on from our January Newsletter, the figures from the 2012 IFPI Digital Music Report give good reason to show cautious optimism for the future of digital music and the music industry in general.
2011 saw an 8% increase in digital music revenue to record companies, rising to an estimated US$5.2 billion. According to the IFPI, 3.6 billion downloads (singles and albums combined) were purchased globally, equivalent to an increase of 17%. Whilst many may consider file-sharing still to be the industry's greatest threat, the figures released from the 2012 IFPI Digital Music Report certainly demonstrate that the impact of file-sharing is lessening. The reasons for this, it would seem, are twofold: in some cases legislation has reduced the instances of file-sharing, and in others the increased availability of legitimate music stores means, that consumers have the choice of where they can obtain their music. France, with the new Hadopi law introduced in 2010, was one of the first countries to decide to tackle piracy head on, and it would appear to have properly started to bear fruit last year. According to studies, P2P traffic in France has reduced by 26% and iTunes singles sales are 23% higher than they would have been without the introduction of the Hadopi law. Other countries are due to follow France's example, with the USA, in 2012, due to introduce a similar graduated response warning system where the subscriber will be notified by the ISP of possible copyright infringement. 2011 also saw a phenomenal expansion of major digital stores (iTunes, Deezer, Spotify, etc.) into 35 new countries (now a total of 58) offering consumers a wider choice of where to obtain their their digital music, and thus also driving consumers away from illegal file-sharing. Unlike global warming, there is universal agreement that file-sharing exists. The disagreement seems to lie in whether it is the carrot or the stick which should be used in curbing it. Or both. But whichever side of the debate you may be on, it seems clear that legislation, in some form or another is here (with more to come), and digital stores are
gradually expanding their services into new countries each year. And, thanks to the carrot, the stick, or both, illegal file-sharing is down. If you would like to read the IFPI report in full, click here
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December 2011 royalty statements delayed
Unfortunately there will be a small delay for the delivery of The Source royalty statements for December 2011.
The cause of this is the combination of the late receipt of the incoming monthly statements from portals coinciding with the large amount of end of year royalty data that also needs processing (bi-annual and quarterly statements, etc.).
The statements should be delayed no more than a week.
Our apologies for the delay.
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Not had a chance to do The Source survey yet? No problem!
The results will be published in next month's newsletter, so you still have a few days left to take part (the questionnaire should take no more than 5 minutes). To start, click here
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SOPA, PIPA & ACTA
It has been difficult to avoid reading about SOPA (Stop Online Piracy Act) and PIPA (Protect IP Act) recently, such has been the press and web coverage on the issue. However, it would seem that with everyone pretty
much in agreement that something needs to be done about piracy and copyright infringement; the disagreements come about how it should be done, and at what cost.
The proposed bill triggered high profile protests from websites such as YouTube and Wikipedia (who very publicly suspended their services for a day by posting a black screen), although most seem to agree that the bill, or something like it, will be passed sooner or later.
In the meantime, ACTA (Anti-Counterfeiting Trade Agreement) continues to also attract attention and debate surrounding the impact it will have on online copyright infringement. Poland signed the agreement on 26 January, adding to the list of countries who believe that this is the right piece of legislation to fight the global trade of couterfeit goods, including music copyright infringement.
Part of the piracy issue and how to tackle it has always been the different laws in different countries and how to enforce legislation. However, as legislation such as ACTA come into play, nations will need to cooperate closely with one another in order for the agreements to work smoothly.
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MIDEM 2012
The Source had a great Midem this year. Non-stop meetings for 4 days! It was really great to see the faces we knew and lovely to see new ones too! We look forward to building on those meetings!
Did you miss us? Please contact: midem@the-source.eu
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New Stores
Wimp (Benelux extension) Deezer (Benelux extension) 121musicstore
Quboz
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Beatport - New weekly rotation for feature carousel
Beatport have updated the guidelines for their homepage carousel featuring new releases. From now on, the carousel will be updated on a weekly basis, running from Monday-Sunday Beatport advise that should you wish to have your release featured on the carousel, that all parts will need to have been received, encoded and integrated no later than 10 days before the carousel is due to run. For example, should you wish to see your release featured on the carousel of Monday 20 February to Sunday 26 February, Beatport will need to have received and fully encoded all parts no later than Friday 10 February. Word of advice though, if you want to avoid disappointment.... don't leave it until the last minute...
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