The Presidential Daily Brief

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    Small Businesses Dent Music Industry Profits

    According to a new Nielsen study, artists and labels lose $2.65 billion annually because stores, cafes and public venues stream music through platforms like Spotify or Apple Music instead of obtaining commercial-use licenses. The study, commissioned by licensing service Soundtrack Your Brand, found that only 17 percent of small businesses have licenses and that most business owners incorrectly believe streaming music from personal accounts doesn’t violate copyright laws. The study also found that 86 percent of them would be willing to pay for music, but need to be educated on copyright rules.

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