YouTube has reached an independent music publishing agreement with the National Music Publishers' Association in which the online video site will make up to a $4 million advance payment for music publishing royalties due on user-generated content containing published songs, excluding public performances, according to a Billboard.biz report.
Independent rights agency Merlin Network and YouTube have reached a global licensing deal in which Merlin's member labels will be compensated when their official videos or user-generated videos are played, according to a Billboard.biz report.
GRAMMY-winning artists Gregg Allman, Jerry Douglas and Lucinda Williams, along with GRAMMY-nominated producer Rick Hall were honored with the Lifetime Achievement Award by the Americana Music Association at the 10th Annual Americana Honors & Awards show on Oct. 13 in Nashville.
Sony Music Entertainment has let go approximately 20 employees primarily from the sales and business affairs departments, according to sources reported by Billboard.biz.
Social media has played a huge role in the music industry with social networks such as Facebook and Twitter having helped fuel the discovery and promotion of many unsigned artists and bands, as well as the promotion of currently signed artists.
