Private equity outfit New Mountain Capital has agreed a deal to buy US collecting society BMI »
Sources say a new financial player has made a weighty acquisition proposal for US collection society, BMI. »
The musicFIRST Coalition has launched a new Dionne Warwick-fronted campaign to garner support for the American Music Fairness Act. »
In its third Annual Membership Meeting last week, The MLC revealed milestones and key metrics from the previous year »
CISAC, the global collecting societies body, has reported significant growth in music royalties collected by its members in 2022. »
Universal Music Publishing, Concord and ABKCO have sued AI company Anthropic for copyright infringement, claiming that the tech firm has copied and exploited lyrics they control without license. »
The RIAA is adding a ‘Voice Cloning’ watch to its Notorious Markets report »
In its Q3 distribution, UK’s leading Collective Management Organization PPL paid out $15.43 million to over 25,500 performers and recording rights holders. »
Latin music revenues grew 14.8% YoY in the US in H1, generating $627M in gross revenues. »
The Protect Working Musicians Act of 2023 bill would give independent music creator-owners the ability to negotiate collectively over payments from streaming services, and over the use of their works by AI algorithms. »
The International Confederation of Music Publisher has launched the ICMP Anti-Piracy Platform in partnership with piracy tracking startup MUSO »
The US Copyright Office has ruled that streaming services must pay late fees on royalty payments in connection with the Music Modernization Act’s blanket mechanical license. »
Bertelsmann's half-year report highlights BMG's impressive performance, with revenues reaching €414 million, marking an 11.5% increase from last year's €371 million. »
BMI is reportedly considering an offer to sell to private equity firm New Mountain Capital for $1.7 billion. »
Back in April, songwriter organizations called on the Copyright Royalty Board to accelerate the finalization of the Phonorecords III ruling that it had handed down in July of 2022. Now, the three-judge CRB has officially issued its final determination for the five-year stretch at hand. »
Lyrics are integral to modern music. Many of the most compelling songs in the world use lyrics to tell a story and relay emotions through music. »
Deezer lowered its revenue growth forecast for 2023 from double-digit to 7-10% YoY due to slower partnership and vertical growth. »
It is important to reiterate that SoundExchange administers performance royalties and deals only with the sound recording (master) copyrights attached to a song. »
Five Asian collection societies and SESAC Music Group have entered into what they call a “historic collaboration for the music industry in Asia”. »
Music data company Luminate published its ‘Mid Year Music Report’, one of two reports it now publishes each year identifying consumption trends across the music business. »
Spanish authors society SGAE posted a 35% year-over-year jump in revenue in 2022 to €349 million, the highest since 2007. »
The Songwriters Caucus - which establishes a group of like-minded lawmakers who support songwriters and will play an important role in promoting the songwriting community »
The US recorded music industry grew by $500M in 2022 and the US music publishing industry grew by nearly double that amount. »
The NMPA has filed a $250 million lawsuit against Twitter for copyright infringement on behalf of 17 music publishing companies, claiming that Twitter has knowingly infringed on approximately 1,700 songs and seeks damages of $150,000 for each instance of infringement. »
Australian Music Industry Petitions Over Radio Royalty Caps / Music Industry Organizations Give Streaming Economics Views / UK Culture Secretary States Asserts Active Role of Music-Maker Remuneration Group »
Subscribe to our award-winning newsletter, Exploration Weekly, to receive a FREE copy of How The Music Business Works, 2020 Music Industry Report and our Metadata Template!
Suscríbete a nuestro premiado boletín de noticias, Exploration Weekly, para recibir un ejemplar gratuito de Cómo Funciona la Industria Musical, el Informe de la Industria Musical 2020 y nuestra Plantilla de Metadatos.