DiMA submitted both initial Comments and also Reply Comments, as well as attending several Round Table discussions conducted by the Copyright Office, in connection with the Office's announced Music Licensing Study.
DiMA announced Six "Pillars of Copyright Modernization" that should support any reform of United States Copyright Law.
"It is now clear that music streaming and subscription is a mainstream model for our business. In 2011, there were eight million paying subscribers to subscription services — today there are 28 million. Ad-supported and subscription streams are rising in most markets, helping grow overall digital revenues for record companies and artists.
The music industry has become a mixed economy of diverse consumer channels and revenue streams. This has been an amazing transformation, dramatically expanding the way artists reach their fans across the globe."
Consumers are enjoying more music, books and video content online than every before, and thanks to the tremendous innovation in our industry the options for how, when and where to enjoy digital content is expanding every day. This DiMA report reveals consumer trends, industry growth and digital media business developments, and highlights DiMA's role in advocating for policies and regulations that support new business models and address the challenges that could affect digital media companies in the coming year and beyond. Download the PDF.
by Gregory Alan Barnes, Counsel for DiMA. Earlier this year, the International Federation of the Phonographic Industry released the latest edition of its annual Digital Music Report. The report contains a treasure trove of useful data and information that should delight many throughout the recording industry...To ensure continued prosperity, Congress must act to modernize federal copyright law in a manner that will promote greater licensing efficiency, encourage the continued development of new business models and protect existing music platforms that are driving music industry growth, even against unfair competition. Read the full op-ed.
Overall music purchasing was down in the last year, while the average Pandora listener purchased 29% more music during the second quarter of 2012 compared with last year, according to NPDMusic Acquisition Monitor study