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Spirit Music Group has acquired the catalog of composer Henry Mancini for US administration. The catalog includes iconic songs such as “Moon River” from the film Breakfast at Tiffany’s as well as themes to movies such as The Pink Panther and Charlies Angels. David Renzer, chairman at Spirit previously oversaw the catalog at Universal Music Publishing Group and plans to seek new opportunities for the catalog via synch in film and TV. Universal Music Publishing Group has signed Nick Jonas to a global publishing deal. The deal covers his recent solo album, Nick Jonas which was released November 10, 2014... Continue reading
Posted 3 days ago at hypebot
Sony has planned a possible sale of its music publishing division according to recently hacked Sony emails. The emails from Sony CFO, Kenichro Yoshida commented on the instability of the busines with the the market shifting from digital sales to streaming. Sony/ATV, a joint venture between Sony Corp. and the Michael Jackson estate also has partial stake in EMI’s publishing catalog which has revenues of $115 million for Sony. Billboard reports that a sale to Universal Music Group or Warner Music Group is unlikely due to European Union regulators and a more likely sale would be to a private equity... Continue reading
Posted Jan 12, 2015 at hypebot
ASCAP CEO, John LoFrumento has announced his retirement this week. LoFrumento started his career at ASCAP in 1981 as a controller, the serving positions as CFO, COO, and EVP before becoming CEO in 1997. Since then, ASCAP’s memberships have grown from 70,000 to 520,000 with annual distributed royalties growing from $417 million to $875 million. While CEO, LoFrumento helped introduce popular ASCAP programs like I Create Music Expo, and MusicPro Insurance. Along with President and Chairman Paul Williams, LoFrumento has lead the fight for fair compensation for songwriters in the digital space. MORE: The Michael Jackson estate has renewed their... Continue reading
Posted Dec 19, 2014 at hypebot
The CMA Songwriters series celebrated its 10th anniversary December 3rd at Joe’s Pub in NYC. The recurring event features key Nashville songwriters responsible for big hits performing and telling the stories behind their songs in an acoustic low key setting. Leading this event were writer’s Bob DiPiero, Craig Wiseman, Brett James, and Radney Foster playing their recent hit songs such as Blake Shelton’s “Boys Round Here”, Dierks Bentley’s “I Hold On”, and an emotional "Live Like You Were Dying" co written by Wiseman. During this week’s event, the writers pointed out that they were united against streaming and in support... Continue reading
Posted Dec 8, 2014 at hypebot
Billboard album sales will now incorporate streaming and digital sales data. The Nielsen entertainment company has developed an algorithm that tracks not only album sales but streams and single track downloads. This change in the Billboard 200 charts is very crucial for artists that may not be selling albums in their entirety but still getting millions of streams and selling single tracks. It will be equating 10 digital track sales from an album to one equivalent album sale, and 1,500 song streams from an album to one equivalent album sale. The updated chart will premiere Thanksgiving week. MORE: Irving Azoff... Continue reading
Posted Nov 25, 2014 at hypebot
Taylor Swift’s “1989” has sold 1.287 million in its first week. After removing her entire discography from music streaming giant, Spotify, the Pop Superstar has achieved the highest sales week for an album since Eminem’s “The Eminem Show” in 2002. On top of that, the album is the biggest selling release of 2014 and puts her as the only artist to earn three million-selling weeks with an album. Swift and her label Big Machine Label Group attribute their decision to remove the catalog in support for anti-piracy and fair compensation for songwriters. MORE: Major publishers will not withdraw from ASCAP... Continue reading
Posted Nov 10, 2014 at hypebot
Soundcloud is looking to start making money. The Berlin-based online music streaming giant has grown its user base to 350 million since launching in 2007. Up till now, the company has lost up to $29.6 million. Soundcloud currently pays no publishing royalties because they are not making money from advertising like Youtube is. For this reason, they have managed to avoid any legal problems with organizations like NMPA. However, David Israelite of the NMPA has recently said that they may still sue, but are looking for a win win situation. In an effort, to launch their ad-supported streaming smoothly, Soundcloud... Continue reading
Posted Oct 31, 2014 at hypebot
Pandora has signed a music rights deal with BMG as of September 11th, 2014. In an effort to secure a more favorable deal for the songwriters and copyright holders, the 4th largest publisher executed a direct deal with the most popular streaming service. In doing so, they bypassed the US Performing Rights Organizations BMI and ASCAP, who traditionally handle all licenses for digital performance royalties. These organizations are bound by government regulations and aged consent decrees. This deal follows Pandora's recent deal with Merlin, which allowed Pandora was able to negotiate direct deals with thousands of independent labels. MORE: Clear... Continue reading
Posted Sep 19, 2014 at hypebot
Spotify has introduced video ads as an attempt to generate more revenue from non paying users. The leading music streaming service’s “Sponsored Session” will be a15 - 30 second video ad followed by 30 minutes of uninterrupted music. The idea behind this new strategy is allow non paying users to have longer uninterrupted listening time in exchange for an up front video message. A similar campaign was launched for desktop Spotify users called “Video Takeover”. Company’s opting into this new strategy are McDonalds, Nike, Sprint, and Target among others. MORE: ASCAP has announced a new Songwriter’s Workshop in NYC. This... Continue reading
Posted Sep 12, 2014 at hypebot
Former President of CD Baby, Brian Felsen, Is Named New President of AdRev, a service that helps artists and labels monetize views on YouTube. AdRev's primary strategy is to place premium advertisements on videos to generate more money than the standard advertising formats. The company claims to have over 6 million copyrights, including music libraries of publishing companies and major recording artists. Felsen believes YouTube has an advantage over other streaming competitors because it has created a high demand for all types of video. MORE: Ludacris, Macklemore & Ryan Lewis, and Lil Wayne Presented with Top Honors at the 2014... Continue reading
Posted Aug 29, 2014 at hypebot
The Top 10 Music Publishing companies have been announced for the 2nd quarter of 2014. Leading the way with a 32.2% share of the top 100 songs is Sony/ATV. This is an increase from their 31.9% share in the 1st quarter of 2014. The quarterly success of Sony/ATV is partially due to their control of the the EMI Music Publishing catalog as well as country cuts like Miranda Lambert’s “Automatic”. Universal Music Publishing and Warner/Chappell ranked No. 2 and 3 with 15.2% and 14.3%. The 7 companies that followed ranked for the most part the same as the 1st quarter... Continue reading
Posted Aug 15, 2014 at hypebot
SESAC plans to expand by hiring new chairman and CEO John Josephson. As Co-founder of Downtown Music LLC, former managing director to Allen & Co, and 22 year SESAC board member, Josephson plans to expand the business beyond traditional performing rights. With US PRO’s facing potential withdrawal from major publishers, SESAC predicts these companies will be looking for other options. With a reported $35 Million offer to Harry Fox Agency, SESAC hopes to expand their services to mechanical royalties. This is something ASCAP and BMI cannot do due to consent decrees. SESAC has also acquired a major stake in licensing... Continue reading
Posted Aug 1, 2014 at hypebot
Downtown Music Publishing has signed Randy Newman to an administration deal for North America. The six time grammy award winner is responsible for hits such as “Short People”, “I Love L.A.” and “It’s Money That Matters” as well as movie scores for “Ragtime”, “Toy Story”, and “Monsters, Inc”. Newman signed with the NYC based Music Publishing company this week. Newman is currently working on songs for his new studio album expected to be released later this year via his longtime label Nonesuch Records. MORE: SESAC has signed Mariah Carey. Previously with BMI, Mariah Carey, has officially joined the Nashville based... Continue reading
Posted Jul 25, 2014 at hypebot
Sony/ATV's Martin Bandier is threatening to withdraw all rights from ASCAP and BMI. Most major music publishers are looking to withdraw digital rights from the PROs and negotiate direct deals with digital services due to low royalty rates for publishers from digital services. Withdrawing digital rights from the PROs presents challenges to publishers like licensing to small businesses. Martin Bandier, the CEO of Sony/ATV has made it clear that if the Decrees are not amended he will “explore other options”. MORE: Over 700 Independent labels have come together against digital services to support fair deals for their recordings. This follows... Continue reading
Posted Jul 18, 2014 at hypebot
Image has raised $2 Million in funding from Charles River Venutures. Launched in December 2013 by CEO Shehzad Daredia, the startup music streaming service provides a single platform for users listen to any song from any music service. With Rdio, Beats, Deezer, Spotify, Youtube, and Soundcloud integrated into their system, is attempting to bridge the gap between the several growing music services that may have different catalogs available. The company has also verified several of their artists and included tour dates, song lyrics, and playlists in their profiles. They hope that artists will also use their link to reach... Continue reading
Posted Jul 11, 2014 at hypebot
Google has acquired Songza for a financial figure undisclosed to the public. Launched in 2010, the music streaming app is designed to curate playlists for a listener according to their mood. Unlike other competitors, Songza doesn’t use algorithms, they employ over 50 employees to create playlists for specific settings including weather, special activities, and moods. Google plans to bring on all of Songza’s current staff and eventually incorporate the service into Google’s “Google Play Music” and the new subscription based Youtube Music streaming service. Early investors in the company were music executives Scooter Braun and Troy Carter who manage the... Continue reading
Posted Jul 4, 2014 at hypebot
SoundExchange announced a record-setting first quartrer distribution of digital royalties. The independent performing rights organization announced that $162.4 million were distributed to artists and labels in the first quarter of 2014, marking their largest Q1 payment to date. The report also indicated that SoundExchange payments represented 8.4% of all recorded revenue in the US in 2013. MORE: Amazon Prime Music is now available for Prime members in the US. Amazon's new streaming service will compete with Spotify and Apple. According to Amazon, members will have access to over a million songs. Amazon hopes that the new service will increase Prime... Continue reading
Posted Jun 20, 2014 at hypebot
Apple has acquired Beats for $3 BIllion. After much negotiation, Beats Electronics and the new Beats Music Service was acquired for a purchase price of $2.6 Billion and roughly $400 Million to vest in time, a lower price than the $3.2 Billion earlier speculated. This is Apple’s largest acquisition to date and will generate millions for majority stake holders and co-founders Dr. Dre and Jimmy Lovine as well as 14% stake holder, Universal Music Group. Apple CEO Tim Cook is quoted saying that part of the Beats team will move to Apple including the co-founders and their team who will... Continue reading
Posted May 30, 2014 at hypebot
The 62nd Annual BMI Pop Awards were held Tuesday, May 13th at the Beverly Wilshire Hotel in Los Angeles. Songwriter and Publisher members of BMI spent the night celebrating the PRO's top songs in the pop genre. Stevie Nicks was honored with the BMI Icon award and a tribute performance was given by artists Adam Levine, Cheryl Crow, and Lady Antebellum among others. Other notable awards include Pop Song of The Year to Jeremy Fraites and Wesley Schultz of The Lumineers for their song “Ho Hey” as well as Pop Publisher of The Year to Sony/ATV. MORE: The First-Quarter rankings... Continue reading
Posted May 16, 2014 at hypebot
The NMPA has partnered with Rap Genius after months of legal controversy. Founded in 2009, Rap Genius has been getting major attention as it allows artists and fans to analyze lyric annotations and communicate in online forums. Up until now, the site has been in violation of copyright law by using unlicensed song lyrics. The NMPA sent take-down notices to Rap Genius as well as 50 other rising websites with similar unlicensed content. As of May 6th, the two parties have reached an agreement and will work together to allow the publishers under the NMPA to legally license their song... Continue reading
Posted May 9, 2014 at hypebot
(UPDATED) PRS For Music has released its overall numbers for 2013. The U.K. Performing Rights Organization increased their annual revenue by collecting £596 million in 2013 to distribute to its collective estimated 100,000 members. Public performance royalties were the highest for the PRO with a total of £162.3 million. The majority of this was from U.K. television and radio broadcasts. A new law was also passed this week within the U.K. Government to ensure that U.K. collection societies comply with a regulated “Codes of Practice” when negotiating performance licenses with businesses. MORE: Diane Warren received International Music Industry Person of... Continue reading
Posted Apr 11, 2014 at hypebot
Doug Morris will receive the Hitmaker Award from The Songwriter’s Hall Of Fame. Morris began his career in music in the mid 1960’s as a songwriter and producer for the publisher Robert Mellin and Laurie Records. During this time he wrote hits for The Chiffon and Brownsville Station. Later, in the 1970’s Morris moved to the business side of the industry and started the label Big Tree Records which was eventually acquired by Atlantic Records. Following this, he served executive roles at Warner Music Group, Universal Music Group, and Sony Music Entertainment. Morris was also the founder and former chairman... Continue reading
Posted Mar 14, 2014 at hypebot
Martin Bandier, CEO of Sony/ATV has written a public letter of complaint to the Academy of Motion Pictures. After the controversial elimination of the song “Alone Yet Not Alone” from the nominations for Best Original Song, the Academy failed to replace the song with the next runner up. This was due to an apparent rulein the Oscar rulebook that says a nominated song that is disqualified will not be replaced. In Bandier's letter, he calls for a formal petition to change the rule while also explaining how important a role music has played in the film industry over the years.... Continue reading
Posted Mar 7, 2014 at hypebot
The Songwriter Equity Act was introduced to Congress by Representative Douglas Collins on Tuesday, February 25th. The purpose of the bill is to update Section 114 and 115 of the Copyright Act that was written in 1909. This would allow songwriters, composers and publishers to receive fair compensation for their works in today's market place. An estimated two-thirds of a songwriter’s income today is heavily regulated by copyright law and consent decrees. This bill will help today’s songwriters and publishers get their fair share of mechanical and performance royalties. ASCAP, BMI, SESAC, and NMPA have all publicly praised this new... Continue reading
Posted Feb 28, 2014 at hypebot
This year’s Super Bowl featured more current hits in commercials than any Super Bowl in recent history. Advertising executives at top music publishers credit their label partners’ role in making more master recordings available this year. The use of newer music also meant higher synch revenue for artists, many of whom signed one-year broadcast-plus-online deals and charged as much as low-six figures apiece for both publishing and master fees. Downtown Music Publishing is opening a Nashville office and has hired industry veteran Steven Markland as Vice President of A&R to help launch. Led by Founder/President Justin Kalifowitz, New York City... Continue reading
Posted Feb 7, 2014 at hypebot