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The ins/outs and good/bad of the Mechanical Licensing Collective


The ins/outs and good/bad of the Mechanical Licensing Collective
One the largest and most impactful elements of the Music Modernization Act of 2019 was the creation of the Mechanical Licensing Collective. Now active since January first of this year, we look at the ins and outs of the MLC as well as some of its good and not so good implications for the music business.
Guest post by
In October of 2019, President Trump signed the “Music Modernization Act.” Back then, I wrote:
“The first section is the most complicated, and the most controversial. And right now, no one is sure it will work. The biggest is the establishment of a ‘Mechanical Licensing Collective,’ which will apply only to digital music providers, whether the delivery is by download or by streaming. The MLC is designed to: ....

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Spotify Technology S.A. Announces Financial Results for First Quarter 2021


Press release content from Business Wire. The AP news staff was not involved in its creation.
Spotify Technology S.A. Announces Financial Results for First Quarter 2021
April 28, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 28, 2021
Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the first fiscal quarter of 2021 ending March 31, 2021.
(Graphic: Business Wire)
Dear Shareholders,
We are pleased with our performance in Q1. The business delivered subscriber growth and Gross Margin at the top end of our guidance range, a continued improvement in ARPU, and operating income better than plan. We saw greater MAU variability this quarter, but results were within our range of expectations given the outperformance in Q4 and the continued impact from COVID-19. Revenue grew by 16% (22% excluding the impact of FX) and was at the upper end of our guidance range. Other highlights from the quarter include a successful launch in 86 new markets, a $1.5 b ....

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