Harlem can breathe a sigh of relief this week. Cam’ron claims Ma$e has finally received his publishing back from Diddy.
Stanley Mills, a former music publisher who served on the boards of the National Music Publishers’ Association (NMPA) and the Harry Fox Agency, has died at the age of 91. Explore Explore See latest videos, charts and news See latest videos, charts and news Mills, the son of Mills Music Publishing Company founder Jack Mills, died on Thursday (Dec. 29) at the Long Island Jewish Medical Center in New Hyde Park, N.Y. A cause of death was not provided. Mills was born on Feb. 18, 1931. He began his career by working for his father at Mills Music. He remained with the company after it was sold to EMI Music Publishing in 1964. Two years later, he joined E.B. Marks (now Carlin America). In 1968, with the urging of his songwriter friends, Mills founded September Music and Galahad Music, representing...
Arriving just before New Years’ Eve, on Friday (Dec. 30), the Copyright Royalty Board judges issued their ruling on streaming royalty rates for songwriters for the period of January 2023 to December 2027, upholding a settlement proposed by the National Music Publishers’ Association (NMPA), Digital Media Association (DiMA), and Nashville Songwriters’ Association International (NSAI) in late August. This ruling sets the rates for Subpart C and D of the five year period known as Phonorecords IV (or “Phono IV” for short), and it represents a compromise between the music industry and the streaming services, creating certainty around the royalties owed to songwriters for U.S. mechanicals. According to the settlement, which the NMPA touts as the “highest rates in the history of digital streaming,...
Sheltered Music Publishing has acquired a significant interest in the music catalog of Nashville Songwriters Hall of Fame writer Dennis Linde. The agreement covers Linde-written songs including “Burning Love,” “Goodbye Earl” and “Callin’ Baton Rouge.” Known for his quirky writing style and vivid character portraits, Linde also wrote what would become Elvis Presley‘s last Billboard Hot 100 top 5 hit, 1972’s “Burning Love,” as well as other songs recorded by Presley. He also wrote “Callin’ Baton Rouge,” which was first recorded by The Oak Ridge Boys and later by New Grass Revival, before becoming a signature recording from Garth Brooks in 1993. Linde also penned the (then-Dixie) Chicks‘ 1999 hit “Goodbye Earl,” Sammy Kershaw’s “Queen of my Double Wide Trailer,” Joe Diffie‘s “John Deere Green...
The long-term potential of music streaming has had a growing influence on the price investors will pay for an artist or songwriter’s catalog. That’s according to a new paper titled How Streaming Has Impacted the Value of Music by Larry Miller, clinical professor and director of the music business program at New York University’s Steinhardt School of Culture, Education and Human Development. Miller, with the help of graduate students Felipe Garrido and Matt Palermo, found that streaming revenues were positively correlated with the multiples paid for music catalogs. Here, the term multiple refers to the acquisition price as a multiple of net publisher share (NPS), a publishing catalog’s annual royalties; or net label share (NLS), a recording catalog’s annual royalties. From 2011 to 202...
Former Warner Music Group executive and the Orchard co-founder Scott Cohen said on Tuesday (Nov. 1) he is taking a new job as chief executive officer of a fintech platform aimed at selling fractional shares in song catalogs. Cohen, who stepped down from his role as chief innovation officer at WMG in September, said the aim of the new venture is to “fractionalize ownership of music royalties.” Fractional shares are a familiar concept in finance, and brokerages like Robinhood and Fidelity Investments sell them as a way to buy a slice of a share for less than the price of the whole stock. The market for buying and investing in music publishing rights has traditionally been open to only the world’s largest music companies and, more recently, money managers. Introducing fractional shares could ...
Songclip has announced a partnership with Hipgnosis. Known as the “world’s only patented music clip company,” Songclip helps the music industry get clips of songs uploaded and properly licensed for apps like TikTok. The deal will allow Songclips to work with 100,000 new songs administered by Hipgnosis. This news arrives months after the 2022 NMPA Annual Meeting in which its CEO and president, David Israelite, announced that the organization will be partnering with Songclip to help remedy the issue of unlicensed music on emerging apps. To date, Songclip also has deals in place WMG, UMG, BMG, Kobalt and more. Sony Music Publishing U.K. has signed producer and artist Lostboy to a global publishing deal. Known for his work with Tiesto and Ava Max’s “The Motto” as well as cuts with Bebe Rexha, ...
Muserk, a global rights management company which helps music and video rights holders collect royalties from digital platforms, has launched Music Connect, a publishing administration platform. The platform will be full-service, using Blue Matter — the company’s propriety AI — to help ease the notoriously complicated and messy royalty collection process for compositions. As CEO Paul Goldman puts it, “the music industry is a broken, outdated system that can’t keep up with the modern tech platforms such as YouTube and Spotify. Currently the music royalty process is a biased system that works in favor of the tech platforms while leaving modern day copyright owners at a huge disadvantage.” Streaming makes up 84% of U.S. music industry revenues, according to RIAA’s latest midyear report. Howeve...
Loretta Lynn, who died Tuesday at 90, has long been one of country music’s queens, with 16 No. 1s and 51 top 10s on Billboard‘s Hot Country Songs chart throughout her six-decade long career. All told, the singer and songwriter’s catalog — best known now for “Coal Miner’s Daughter,” “You Ain’t Woman Enough (To Take My Man)” and “Don’t Come Home a Drinkin’ (With Lovin’ on Your Mind)” — generates about $1.62 million annually, according to a Billboard estimate. Lynn’s recordings — which are largely owned by Universal Music Group through deals she struck with Decca and MCA, before leaving to work with a variety of labels in the 1990s and onward — generated about $1.18 million in revenue last year, based on Billboard’s estimates. Those recordings bring in about $440,000 in publishing revenue. Am...