Insiders suggest Apple is closer to launching its anticipated streaming music service for iTunes. Over the weekend, the company agreed to a licensing deal with Warner Music Group for rights to its recorded music and music publishing. According to people familiar with the matter, Apple is offering Warner’s publishing arm 10 percent of ad revenue, which is more than twice what Pandora currently pays major music publishers. Continue reading Apple Inks Deal with Warner Music: Preps Streaming Service

Amazon announced Kindle Worlds yesterday, a digital publishing platform that enables fan fiction authors to publish under official licenses and receive royalties. The current deal is limited to “Gossip Girl,” “Pretty Little Liars” and “The Vampire Diaries” from Warner Bros. Television Group’s Alloy Entertainment, but Amazon promises licenses for more Worlds in the future. Stories will be made available via Amazon.com, Kindle devices, iOS, Android and Kindle Free Reading apps. Continue reading Kindle Worlds: Amazon Debuts Fan Fiction Publishing Platform

It seems a number of major media companies are looking to get into streaming video as it continues to grow more popular. On-demand music service Spotify is the latest company rumored to be in the planning stages of such a service, perhaps a surprise to many since its focus has thus far strictly involved music. But two sources say Spotify intends to grow into an on-demand music and video service, including original content. Continue reading Will Spotify Be Next to Develop Video Streaming Service?

The Copyright Royalty Board has ruled to increase royalties for satellite radio services. Sirius XM Radio currently pays 8 percent of its gross revenue in royalties, but this will increase to 11 percent by 2017, reports The New York Times. The satellite radio companies will pay the royalties to nonprofit SoundExchange, which then distributes the royalties to labels and musicians. Continue reading Royalties for Satellite Radio Companies to Increase Through 2017