Overall, the MLC said that the mechanical pool of revenues amounted to slightly more than $53 million in royalties, which means that direct deals between services and publishers account for approximately $13 million. The Music Modernization Act and its regulations allow the services to carve out, or withhold, that portion of royalty funds from the MLC and instead pay them directly to the publisher. What amount is actually paid to the publishers for those direct deals is unknown because a publisher with a direct deal might negotiate a rate higher than the statutory rate; and if they do, that higher amount comes out of the service’s pocket, not the mechanical pool. But even though the MLC doesn’t collect those funds, it still gets the play reports for songs that are involved in those direct ...
The letter points to a 2018 Government Accountability Office report, which concluded that Live Nation holds more than 80% of the U.S. venue ticket sales market. It goes on to add that the Department of Justice has found that the promoter has repeatedly violated the terms of the agreement over the course of the last 10 years by threatening venues and forcing the bundling of artists with ticketing services. In 2019, Live Nation reached a settlement with the DOJ’s antitrust division agreeing to extend the 2010 consent decree governing the merger of Ticketmaster and Live Nation to 2025 and clarifying rules regarding threats and retaliation against venues that don’t sign with the ticketing giant. “We believe the prior admin...
“There aren’t any bigger opportunities to make this kind of reduction in the time frame we’re talking about,” Woods said in an interview. “Society doesn’t have a lot of needle-moving opportunities to reduce CO2 significantly in the time frame.” But the Biden administration is not considering Exxon’s idea as it prepares to roll out its own climate plans, according to people familiar with White House thinking. Meanwhile, environmental groups and many Democrats have slammed carbon capture proposals as a climate strategy, saying the only way to permanently reduce greenhouse gas pollution is a wholesale switch away from fossil fuels. The White House is expected to release a new national target calling for cutting U.S. carbon dioxide emissions by about half of 2005 levels by 2030. The U.S. is re...
Turkish giants, Fenerbache, have proposed an exchange deal that will see Emmanuel Dennis come over, while Tanzania star Ally Samatta joins Belgian champions Club Brugge. Dennis still has a year left on his contract with Club Brugge even after his loan spell in the Bundesliga with FC Cologne. The Nigeria star is no longer welcome at the Belgian champions after the many controversies around him this term. Samatta, on the other hand, is on a season-long loan at Fenerbache, who are obliged to buy the Tanzania captain for six million Euros thereafter. According to Fotomac, and reported by scorenigeria, the Istanbul giants will now be open to exchanged Samatta for Dennis to Club Brugge. Samatta has so far scored five goals in 25 Super Lig appearances. Get more stories like this on Twitter You De...
Gunmen suspected to be armed robbers in the early hours of Monday invaded Mbiabong Itam community in Itu Local government Area, Akwa Ibom State, and killed a young shop owner identified as Ecole. According to sources in the community, Ecole’s grocery shop at Mbiabong was invaded by the gunmen and in the process the young man was shot in the head. “He was rushed to an undisclosed hospital where he later gave up the ghost,” the source said. Newsmen report that in the ensuing confusion of that night, the youth of the community, with the help of the vigilante team, arrested two members of the robbery gang, killed them and set them ablaze inside a minibus used by the robbers. However, one of the gang members, identified as Itoowo from Usuk Ediene Community in Ikono LGA, was arrested alive and k...
The backdrop: Since coming to power in 2015, Prime Minister Justin Trudeau has stressed his government’s commitment to tackling climate change. With Canada’s economy slowly rebounding from the effects of Covid-19 amid a renewed global interest in climate issues, the government’s first budget in two years seeks to harness the recovery to its environmental policies. “[The federal budget is] a plan that embraces this moment of global transformation to a green, clean economy,” said Freeland in her budget speech. “In 2021, job growth means green growth.” Another senior official summed up the government’s thinking: “Climate change is now an innovation and a jobs opportunity.” Here’s how the Trudeau government plans to meet its climate goals. Direct spending: As part of the government’s stated go...