This Week’s Top 5
SESAC is hastening domestic/terrestrial radio performance royalty payments to monthly distributions – as opposed to the traditional quarterly model. The change will kick off in the coming months, then expanding other performance platforms later this year.
A lingering lawsuit is slowing any potential sale of SESAC. Hanging over any deal is an antitrust suit brought by 1,000+ TV broadcasters against SESAC challenging their price-setting power. Continue reading
Once again, songwriter extraordinare Dr Luke has topped our monthly Top Songwriter Chart. His multiple credits, including co-writes on Good Feelin’ by Flo Rida and Domino by Jessie J, gave him a clear win.
The success of British singer and songwriter Adele keeps on shining as she took out the second spot, with co-writer on Set Fire To The Rain – Fraser Smith – rounding out the top three.
Our chart highlights the amazing versatility and creativity of the minds behind the music. To find out more about how we calculate this charts using Billboard Radio Songs and Digital Songs data, check out the full methodology.
Troy Taylor is an ASCAP and BMI award-winning songwriter and producer who has worked with some of the most legendary and contemporary voices in R&B music.
In a career that spans nearly twenty years, Troy has written and produced for artists such as The Isley Brothers, Patti Labelle, Aretha Franklin, Trey Songz, Mary J Blige, B2K, Ginuwine, Whitney Houston, Tyrese, and Boyz II Men.
Through his label imprint, Songbook Entertainment, Troy has developed R&B superstar Trey Songz, co-writing thirty five songs including LOL, Neighbors Know My Name and Can’t Be Friends. He is currently working on an array of projects including the soon to be released 5th album from Trey Songz. Continue reading
In huge news just announced, YouTube is offering all music publishers the opportunity to secure sync licensing revenue from user-generated content uploaded to the Youtube platform. The deal, which was brokered by the National Music Publishers’ Association (NMPA) and will be administered by the Harry Fox Agency (HFA), is open to all publishers regardless of affiliation with NMPA or HFA.
This means, for the first time, independent publishers will be able to collect sync licensing fees from the largest online music service. In short: more money for songwriters.
For all songs covered under the agreement, Youtube will pay 15% of net ad revenue when the video incorporates a sound recording (i.e. a user-generated lip sync video) and 50% of net ad revenue for user-generated cover recordings. Estimates for YouTube’s ad revenue range between $1 billion and $2 billion – up significantly from 2010 revenue estimates of $450M-500M.
This new agreement doesn’t affect public performance income, which means it’s in addition to what ASCAP, BMI and SESAC are already collecting.
The deal between YouTube and HFA is awesome for Songtrust clients. As a member the NMPA and through our affiliation with HFA, Songtrust ensures that our members’ songs are eligible to receive these royalties. We also correctly register and monitor payments, streamlining the process of collecting your royalties from Youtube.
To read full details of the deal, click here. If you’ve got any specific questions about the deal and how it affects you, hit us up in the comments below!