TuneCore Reports Milestone Earnings; $330 Million in Artist Payments Since Inception

Digital distributor TuneCore has shared some impressive numbers, none more eye-catching than the $330 million the company says its artists have earned since it opened for business.

TuneCore Artists have earned a third-of-a-billion dollars in sales revenue since launch in 2006, on more than 4 billion cumulative streams and download units, Billboard can reveal.

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The firm also reports artist earnings grew 20 percent in the January-September 2013 period, against the same period in 2012, and that TuneCore artists saw a 135 percent increase in music downloads and streams over the same timeframe. A string of new product and service enhancements launched in recent months which played a part in the spike, the company notes. TuneCore identifies new store partnerships including Gracenote and Shazam, along with JUKE and 7digital international streaming services, which are “providing (artists) even greater worldwide music exposure and opportunities to grow their music revenue.”

It’s been four months since TuneCore revealed it had paid-out $300 million to its clients since its inception, on 3 billion cumulative streams and downloads.

STORY: MIPCOM: Market 'Thriving' as Digital Content Drives Deals

TuneCore's commitment is to “providing all artists with affordable distribution and publishing administration solutions to build successful careers, get their music heard worldwide, and make money from their music,” comments the company's COO Scott Ackerman in a statement. “We congratulate all our TuneCore Artists in achieving this $330 million earnings milestone.”

TuneCore, which pays out all revenue it collects from digital services directly to artists, charges those clients an introductory album fee of $29.99 for the first year, and $49.99 each following year.

Set fees also apply for single distribution, ringtone distribution and publishing administration. TuneCore Music Publishing Administration licenses and registers songwriters' compositions globally and collects royalties from more than 60 countries.

Twitter: @billboardbiz

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Senator Reid hopes to present fiscal plan to Obama on Monday

WASHINGTON (Reuters) - Senate Majority Leader Harry Reid on Monday voiced optimism over progress in urgent fiscal negotiations, saying he hoped to be able to present a new proposal to President Barack Obama later in the day.

The Democratic leader, who emerged from a half-hour meeting with Senate Republican leader Mitch McConnell, was asked by reporters whether he would go to the White House armed with a plan to end a 14-day-old partial government shutdown and to raise the limit on government borrowing.

"I hope so," Reid responded. He and McConnell are set to meet with Obama at 3 p.m. ET (1900 GMT), along with House of Representatives Speaker John Boehner and House Democratic leader Nancy Pelosi.

(Reporting By Richard Cowan; Editing by Doina Chiacu)

Source: http://news.yahoo.com/senator-reid-hopes-present-fiscal-plan-obama-monday-164314435--business.html
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Who We Owe $17 Trillion Of Federal Debt To - Business Insider

Josh Brown of Ritholtz Wealth Management recently tweeted the chart below, which was created by National Public Radio. (See the original and some additional notes here.)

The chart shows who holds the $16.8 trillion of U.S. federal debt that is currently outstanding.

In other words, the chart shows who we owe all that money to:
 

Some observations:

• We owe most of the money to ourselves.


• We owe a big chunk of the money — about $6 trillion — to the Federal government. So if there ever were a default (hopefully there won't be) the government would also be stiffing itself.


• We owe about $5 trillion to other countries, including China.


• The total debt to China is only $1.3 trillion. So we're not in hock to China as much as some people think we are.


• Yes, it's a boatload of debt. But the experience of Japan, the U.S. after World War 2, and other countries, suggests that it's a manageable amount, as long as we eventually get our long-term entitlement spending under control.

Source: http://www.businessinsider.com/who-we-owe-federal-debt-to-2013-10
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'Simpsons' Halloween Open: All The Easter Eggs We Found In Three Minutes

Guillermo del Toro stuffs the latest 'Treehouse of Horror' couch gag with more movie refs than you can list... So we listed them for you.


By Alex Zalben

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President Obama vetoes iPhone sales ban, Samsung disappointed

The administration of the US President Barack Obama has recently issued a veto on the pending sales ban of certain older Apple products (the iPad 2 or earlier and the iPhone 4 or earlier). Following a ruling of the US International Trade Commission (ITC) back in early June, the products were supposed to be banned from selling because of violation of a certain Samsung-owned standards-essential patent.

The Obama administration stepped up and disproved the ITC determination to issue an exclusion order and cease and desist order due to its effect on "competitive conditions in the U.S. economy and the effect on U.S. consumers." This action is entirely in the competence of the President's office although this block of the ITC ban is said to be the first of its kind since the Reagan administration in 1987.

Obama's office reminds of "the potential harms that can result" from using standards?-essential patents for "gaining undue leverage and engaging in ?patent hold?up". It reminds that standards?-essential patents should be easily accessible for licensing under FRAND terms, which, they consider, was not the case with this Samsung's patent.

Back in June, the ITC ruled that Apple was violating one of Samsung?s smartphone and tablet-related patents. Due to that decision, Apple was about to face bans on the sales of certain AT&T iPhone and iPad models. Apple was highly disappointed because they claimed Samsung would readily license the said patent to anyone else interested, yet it insisted on a sales ban in Apple's case.

Companies holding standards?-essential patent such as the one in question, are obliged to license these to third parties on terms that are Fair, Reasonable, And Non?Discriminatory (hence FRAND). According to Apple, in this case Samsung was far from offering them FRAND licensing terms.

Up until now Apple was appealing the ITC's initial ruling and the Commission was supposed to come up with a final ruling on August 9.

Fortunately, the block does not mean the patent holder is not entitled to a compensation, just on the contrary.

Samsung has already responded to the decision of the president's office:

?We are disappointed that the U.S. Trade Representative has decided to set aside the exclusion order issued by the U.S. International Trade Commission (ITC). The ITC?s decision correctly recognized that Samsung has been negotiating in good faith and that Apple remains unwilling to take a license.?

Quite expectedly, Apple's stance on the President's office decision is just on the contrary:

We applaud the Administration for standing up for innovation in this landmark case. Samsung was wrong to abuse the patent system in this way.

We are yet to see which direction this thing takes. It's more than obvious that the Apple vs. Samsung patent brawls are already getting out of hand. It's getting increasingly harder to tell who's right and who's wrong.

Source

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This Transforming Concept Apartment Is a Dozen Rooms at Once

Here at Gizmodo, we love us some transforming apartments. On top of being space-efficient, they are just so damn cool. And this partially prototyped concept by students at TU Delft is no exception.

Read more...

Source: http://gizmodo.com/this-concept-transforming-apartment-is-a-dozen-rooms-at-1014140508

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Oil leaks into Daytona canal

Published: Thursday, August 1, 2013 at 9:53 p.m.

Last Modified: Thursday, August 1, 2013 at 10:56 p.m.

DAYTONA BEACH ? After oil was discovered leaking into a canal west of Nova Road, officials determined the source was a hydraulic pump in a construction zone on Embry-Riddle Aeronautical University?s campus, an official said Thursday night.

Daytona Beach fire crews and the Volusia County Hazardous Materials team responded to the area of Museum and South Seneca boulevards when a ?steady flow of oil? was seen leaking into the canal adjacent to the intersection shortly after 7 p.m., Daytona fire spokesman Lt. Larry Stoney said in a release. The oil spill is not affecting any local water sources.

HazMat team members set up floatable booms to keep the oil from continuing into the canal system, Stoney said. No signs have contamination have been found in the interconnected canals.

? Katie Kustura

Source: http://www.news-journalonline.com/article/20130801/news/130809912

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