Netflix now licensed by ASCAP
NASHVILLE, Tenn. (MuseWire) – ASCAP has announced a licensing agreement with Netflix. As stated by the organization: “Good news for ASCAP members…ASCAP recently concluded a licensing agreement with Netflix, which is shifting its main business from physical DVD rentals to its streaming video service. Netflix, the most popular Internet subscription service for watching movies and TV shows, accounts for 61% of digital movie watching in the U.S., according to technology website GigaOm.”
The shift from physical DVD rentals to subscription-based streaming services represents a new and fast-growing source of revenue for ASCAP members. ASCAP soon expects to conclude license agreements with Hulu and Amazon, also very popular streaming audiovisual services.
In recent weeks, we also announced license agreements with digital streaming music services Spotify and Turntable.fm. These newly licensed services join the more than 18,000 already licensed, ranging from start-ups to the biggest players on the Internet and mobile networks.
Note: updated to fix typo “18,0000 already licensed” to “18,000 already licensed.” (Doh.)