Universal cuts music video revenue sharing deal with independent ... - Washington Post |
| Universal cuts music video revenue sharing deal with independent ... - Washington Post Posted: 19 Jun 2012 05:43 PM PDT Publishers collect and share royalty payments with songwriters every time a song is sold on CDs or services like iTunes. But declining CD sales and the rising popularity of music videos online has made music-video royalties increasingly important. Fast-growing Vevo made $150 million in revenue last year. CEO Rio Caraeff said in January that monthly video views had risen tenfold from two years ago to 3.5 billion. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks. |
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