Music Publishing News Roundup: October 31st, 2014

31 Oct

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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 has hired fore Warner Music executive Stephen Byran as VP of business development

Rapper and songwriter T.I. has signed with Sony/ATV for a worldwide publishing deal. In addition to covering all future works, this deal also includes his just-released studio album and his share of the cut for “Blurred Lines,” the biggest hit of 2013. T.I. has sold more than 14 million albums and 30 million singles worldwide, and has been a lead or featured artist on over 100 singles since 2003.  His new album, Paperwork,  was released on October 21 on Grand Hustle/Columbia Records and features collaborations with artists such as Iggy Azalea, Usher, and Pharrell Williams.

Hi-def streaming service, Tidal has launched in the US and UK. The service, launched by Scandinavian company Aspiro offers a catalog of over 25 million audio tracks and 75,000 music videos in FLAC and ALAC formats. While most streaming competitors like Spotify and Beats Music offer audio quality at 320kbbps, Tidal offers a high-quality audio experience with 1,411kbps of lossless files. The subscription cost will be $19.99 in the US and £19.99 in the UK. Harry Fox Agency has since signed a licensing and music administration deal with the company in support of their launch.

Music Publishing News Weekly Roundup: October 17th, 2014

20 Oct

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SESAC has agreed to pay $58.5 million to TV stations in a settlement with the Television Music License Committee, involved with a class-action suit filed against the privately owned Performing Rights Organization for alleged antitrust behavior. The suit was filed on behalf of local television broadcasters, with TMLC establishing the legal bills. The settlement will reimburse stations for around $42.5 million in excess fees, as well as TMLC’s legal fees of $16 million.  In agreeing to settle the case, SESAC has denied any violations of antitrust law, but has negotiated industry-wide agreements with TLMC for 20 years.

Universal Music Publishing Group has signed Neil Diamond to a worldwide publishing administration agreement. UMPG will provide global copyright administration for the entirety of Diamond’s back catalog as well as all of his future work, including his new studio album, Melody Road.  His songs will also be represented for synchronization in film, TV, advertising, and other media.

Big Deal Music has re-signed Dan Wilson, lead singer for Semisonic, to its joint venture deal with BMG Chrysalis.  Along with 90′s hits like “Closing Time” and “Secret Smile”, Dan Wilson has also had recent success with songs like Adele’s “Someone Like You”, Dixie Chicks’ “Not Ready To Be Nice”, and Taylor Swift’s “Treacherous”.  Big Deal will represent the Semisonic back catalog and his future work.

Music Publishing News Weekly Roundup: October 3rd, 2014

3 Oct

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Grooveshark may owe millions to the three major labels as a result of a recent copyright infringement case. The file-sharing hosts millions of songs online available for streaming. Since its launch, the site has gained over 35 million users and has argued that it is legal under the Digital Millennium Copyright Act. On Monday, however, the judge ruled the site guilty of uploading 5,977 songs without the permission from labels.

Pandora may owe millions to artists and labels in back royalties. Following the recent win against Sirius XM in a legal battle over the use of pre-1972 recordings, Flo and Eddie of the 1960’s group The Turtles have now launched a new lawsuit with the music streaming giant. The case calls for an amendment to the current copyright law that allows digital broadcasters to not pay out royalties to SoundExchange for the use of pre-1972 recordings. Arguing that Pandora has multiple stations dedicated to pre-1972 recordings, Flo and Eddie are seeking $25 million in the case.

Americans spend 23% of their weekly time listening to music while in the car, according to Nielsen.. After a recent in depth study of U.S. Music Listeners, Neilson Music 360 reported that the vast majority of Americans listen to music over 25 hours each week. They found that most music listening occurs during an activity, the highest being driving and lowest exercising. American’s listen to music over a variety of different platforms, radio being the top with 59% followed by a combination of personal libraries and streaming services. With 7 in 10 Americans now owning a Smartphone, this listening platform is rapidly growing.

Music Publishing News Weekly Roundup: September 26th, 2014

26 Sep

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BMI collected $977 Million in revenues for the fiscal year 2014, a growth of $33 Million from last year’s $944 Million. A reported $7.5 Billion has been collected in the past 10 – year period. The top US Performing Rights Organization with songwriter members such as Taylor Swift, Adele, Maroon 5 and Kanye West attribute their success to a variety of sources that broadcast music. The largest source of revenue came from cable and satellite entertainment with licensing income from public businesses grew in revenue significantly.

Pandora and Sirius XM may owe millions to artists and labels in back royalties after losing the legal battle to Flo & Eddie over the use of pre-1972 recordings. Made by members of the 1960’s group The Turtles, the case called for an amendment to the current copyright law that allows digital broadcasters to not pay out royalties to SoundExchange for the use of pre-1972 recordings. As a result of the ruling on Monday, these two digital radio stations could be liable for back royalties they failed to pay SoundExchange for pre-1972 recordings which in Pandora’s case may be $17.1 million and for Sirius XM $33.4 million. This legal battle is followed by SoundExchange’s recent launch of their “RESPECT Act” campaign which calls for reform of copyright law for pre-1972 recordings as well as royalties from sound recordings paid out from terrestrial radio.

 

Music Publishing News Weekly Roundup: September 19th, 2014

19 Sep

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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.

Clear Channel has moved to digital, re branding themselves as iHeartMedia, taking their name from their digital counterpart iHeartRadio. With 859 radio stations and over 245 Million monthly listeners US, the 40 year old media and entertainment company will attempt to move further alongside streaming giants like Pandora and Spotify. iHeartMedia companies including iHeartRadio, Premier Networks, Total Traffic, and Weather Network will remain the same name.

Spirit Music Group has gained $50 million in new funding from fund manager Fortress Investment Group LLC. The independent publishing company that represents writers such as Elvis Presley, The Beach Boys, and Mariah Carey plans to use the new capital to expand their roster of iconic catalogs as well as increase their international presence. With this investment in place, the publishing company will have raised over $100 million in funding since 2012.