Publishing
PRS for Music Proposed Livestreams Rate Scheme Draws Managers’ Ire
“For the sake of all artists, songwriters and the wider industry, it is crucial that this new format is allowed to grow and thrive,” the artists and managers say in their letter. “Charging artists up to four times the live rate strangles rather than nurtures this innovation.” Signing onto the letter were managers for such artists as Dua Lipa, Biffy Clyro, Liam Gallagher, Bicep, Fontaines D.C., Gorillaz, Yungblud, and Arlo Parks, as well as a group of songwriters. In a statement sent to Billboard, PRS for Music did not detail the proposed scheme for its Online Live Concert license, which it said was “still evolving.” The organization says the new scheme will allow the necessary rights to be licensed and says it welcomes “the many initiatives to move live concerts online.” The manager and ar...
Nigerian governors to meet with President Buhari to address security challenges
Governors of the thirty six states under the aegis of the Nigeria Governors Forum, NGF have resolved to meet with President Muhammadu Buhari to address the security challenges with continued cases of armed banditry, terrorism and kidnapping across the country. The governors are meeting with President Buhari especially to discuss last week’s gruesome beheading of about 43 Farmers in Zarbamari near Maiduguri, Borno State by Boko Haram Insurgents while they were working in their farmland without any form of resistance. The decision was part of the resolutions reached at the end of the 22nd NGF teleconference meeting. In a Communique signed by the NGF Chairman and Ekiti State governor, Dr. Kayode Fayemi, said, ” Members of the forum resolved to meet with Mr. President as soon as possible to ad...
Sony/ATV Acquires River House Artists Catalogue of Country Works
Sony/ATV Nashville has acquired the catalogue for country specialist River House Artists, which includes Luke Combs’ hits “Forever After All,” “Beautiful Crazy,” “When It Rains It Pours,” and “Lovin’ On You.” In addition, the major music publisher signed a joint venture with River House Artists to provide creative services to its talent. The independent label and music publisher River House Artists was established in 2016 by veteran executive Lynn Oliver-Cline, who co-manages Combs. “Lynn’s intuition for identifying singer-songwriters who speak right to the heart of Country Music is second to none, and she knows how to turn their dreams into reality,” comments Sony/ATV Nashville CEO Rusty Gaston on the deal. “We’re proud to partner with Lynn and the River House team as we build a long and ...
Round Hill Shares Slightly Up on First Day of Trading — What Happens Next?
Round Hill Music Royalty Fund’s initial public offering fell short of its $375 million target (it raised $282 million at $1 per share), which had been earmarked to buy a catalog of song publishing valued at $363 million — but there are contingency plans. According to its Oct. 19 prospectus, the publishing company anticipated the possibility of a gap and planned alternate options, including buying just a portion of the planned catalog acquisition instead of the whole thing. What’s more, Round Hill now has until Oct. 18, 2021, to issue the 83 million remaining shares, should market conditions support further fundraising toward the $375 million target, according to another contingency provision in the prospectus. {“nid”:”9482919″,”type”:”p...
Warner Chappell Music’s Guy Moot and Carianne Marshall On a Global Future and Competing With ‘Fund Guys’
Moot is a London native who spent a decade at EMI Music Publishing before helping lead its merger with Sony/ATV, where he rose to president of worldwide creative before coming to Warner. Marshall hails from Los Angeles and spent 12 years helping to establish the independent powerhouse SONGS Music Publishing before its 2017 sale to Kobalt. Together, Warner Chappell has two executives with extensive backgrounds on the creative side of the business. So far, they’ve already applied those talents toward big-name signings (Frank Ocean, Thomas Rhett, the Quincy Jones catalog, the Pop Smoke estate); a revamped creative suite with a new department dedicated to creative services; a more prioritized global hierarchy, including new global heads of administration, international A&R and synchronizat...
Does TikTok Have More ‘Dreams’ Up Its Sleeves?
Serendipity and all of these efforts made “Dreams” the first catalog hit revived by TikTok, which over the past year-and-a-half has consistently broken new songs, such as recent Billboard Hot 100 chart-toppers “Mood” by 24kGoldn (featuring iann dior) and “Savage Love (Laxed — Siren Beat)” by Jawsh 685 and Jason Derulo. The 1977 single, which also topped the Hot 100 over 40 years ago, has now been used in nearly a half-million TikTok videos, and on-demand audio streams on Spotify and other services have almost quadrupled (while Fleetwood Mac’s overall catalog of streams doubled). Warner may have made over $250,000 in incremental revenue on “Dreams” — plus another $250,000 on the increased popularity of the rest of the...
Canada’s SOCAN Reports Growth In 2019, Distributions Shrink Due to Tech Rollout
Finally, the company says that mechanical royalties totaled C$12 million ($9 million) last year. As part of its results, the company acknowledged that its move to diversify beyond performance rights collections begun in 2016 has not worked out to its satisfactions. So it says it’s taking steps to rectify that situation. As part of that move, SOCAN said it registered a C$41.7 million ($31 million) impairment charge to its Dataclef subsidiary. But that charge have not impacted distribution, the organization said. Dataclef includes its acquisitions of Audiam, which tracks songwriter royalties at YouTube and other digital services for songwriters; Musicnet; and the Canadian mechanical licensing organization SODRAC. “At the time of our investment in these operations, we were exploring new...
Hipgnosis Songs Buys Kobalt Music Catalog: 33,000 Songs for $323 Million
The catalog contains such songs as “Go Your Own Way” and “The Chain” by Fleetwood Mac, “All I Want For Christmas Is You” and “One Sweet Day” featuring Boyz II Men by Mariah Carey, “Bailando” and “Hero” by Enrique Iglesias, “Higher Love” by Steve Winwood, “Roar” and “Teenage Dream” by Katy Perry, “Gimme Some Lovin’” by The Spencer Davis Group, “Can’t Find My Way Home” by Blind Faith, “Never Give Up on a Good Thing” by George Benson, “Bad to the Bone” by George Thorogood, “Halo” by Beyoncé, “Love Shack” by the B-52s, “In Da Club” by 50 Cent, “Sorry” by Justin Bieber, “Don’t You Worry C...
Executive Turntable: Downtown Ups Tracy Maddux to CCO; AIM Adds 5 Women to Board
Over in London, Dean Luck — who was previously the Finance Director at Extreme Music — now serves as International Controller. Reporting to Vice President of Finance Dan Bettes, Luck is in charge of international financial matters at Downtown. His responsibilities include financial reporting, treasury management, and multi-jurisdictional compliance. “Even in the midst of a global pandemic, we’ve continued to hire at a steady clip in 2020 to support our growth. I’m regularly impressed with the amazing talent we are able to bring into the Downtown organization from both within the music industry and beyond,” said Downtown CEO Kalifowitz in response to the company’s new appointments. At Endless Noise, founder/Grammy-winning composer Jeff Elmassian has named Dave Chapman as the sou...
COVID-19, Bushfires Impact APRA AMCOS’ Financial Year
With restrictions in place on live music and events across the country, royalties are “expected to take a more substantial hit in 2020-21,” APRA AMCOS warns. In a painful sign of the times, royalties payable to songwriters, publishers, affiliated societies and rights holders during the year-long period were down 0.9%, to A$407.3 million ($289 million). Predictably, the hardest hit revenue category was public performance income, which generated A$73 million ($51 million) of income, almost A$20 million ($14 million) less than the corresponding figure from last year. The results are published in the APRA AMCOS’s Year In Review. “Individual and collective resilience has been tested and we’ve had to adapt quickly,” comments APRA AMCOS CEO Dean Ormston, on publication of the annual report....
Hipgnosis Buys L.A. Reid’s Music Catalog
“It’s a great pleasure to welcome L.A. Reid and his incredible set of songs to the Hipgnosis family.” Financial terms of the deal were not disclosed. “I can’t imagine a better home for my lifetime of music and songs than Hipgnosis,” notes Reid. “Merck and his dream team truly value artists and their creative vision, and I couldn’t be more thrilled to partner with them for this exciting new chapter.” A giant of the U.S. record industry, Reid’s songwriting and production successes include Boyz II Men’s two-time Grammy winning smash “End of the Road,” plus hits with Whitney Houston, Bobby Brown and many more. Reid’s songwriting and producing credits include The Whispers’ “Rock Steady,” Sheena Easton’s “The Lover In Me,” Karyn W...
#EndSARS: CNN defends investigative report on Lekki shooting
Cable News Network, CNN, has reacted to the Federal Government’s stance that it should be sanctioned over its report on the October 20 shooting incident at the Lekki Toll Gate, saying it stands by its report. The post #EndSARS: CNN defends investigative report on Lekki shooting appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.