We catch up on the latest music publishing news, from key deals and signings to new hires, legislation and more.
Deals & Acquisitions
BMG inks licensing deal with gaming platform Roblox (MBW)`
The deal follows the news from June 9 that Roblox has been hit with a $200 million-plus copyright infringement lawsuit from music publishers in the US.
Primary Wave acquires majority stake in music publishing catalog of AWOLNATION’s Aaron Bruno (MBW)
Primary Wave says that the deal also gives Aaron Bruno marketing team and publishing infrastructure, which includes digital strategy, licensing, synch opportunities as well as film, television, and theatrical production.
TikTok strikes agreement over royalty payments for music used in Canada (CBC)
The Canadian Musical Reproduction Rights Agency (CMRRA) says the multi-year partnership gives self-published songwriters and music publishers the ability to collect royalties when their music is featured in TikTok videos.
Sony Music Publishing signs Janelle Monáe on worldwide deal (Music Week)
The deal was signed by Sony Music Publishing chairman and CEO Jon Platt, who explained he had targeted the artist for a long time.
Clairo signs to UMPG ahead of new album release (Music Week)
Real name Claire Cottrill, Clairo goes through Polydor in the UK and is signed to Fader Label/Republic. She is due to release her second album Sling, a co-production with Jack Antonoff, next month.
Carla Morrison Signs Global Publishing Deal With UMPG (Billboard)
The deal, covering her full catalog and future releases, marks the first time that the Mexican singer-songwriter has signed with a major music publisher.
Soft Cell and The Grid’s Dave Ball signs publishing deal with Mute Song (Billboard)
The argument for artist, who has worked on a variety of projects over the last 40 years, covers a “substantial” part of his back catalogue, plus Soft Cell’s forthcoming new album on BMG.
Facts & Figures
Music Publishing Revenue Topped $4B in 2020, Says NMPA (Billboard)
With a 9.6% growth in revenues last year, at the NMPA’s annual meeting president and CEO David Israelite pondered whether song values have been undervalued.
Black Music Action Coalition launches industry ‘report card’ (Music Ally)
A year on, the organisation has published a ‘report card’ grading various industry companies on how they have performed on this score.
USC-Annenberg Leader Talks Damning Music Industry Diversity Report: ‘These Companies Have a Workforce Crisis’ (Variety)
The new report on “Inclusion in the Music Business: Gender & Race/Ethnicity Across Executives, Artists & Talent Teams” from the USC-Annenberg Inclusion Initiative makes no bones about how far the music industry has to go in its stated goals of gender and racial equality.
Ditto Music launches publishing division headed up by Tom Weller (Music Week)
Ditto Music has announced the launch of a new publishing division, which means the company now offers a comprehensive range of services for artists, including distribution, label services, management, finance and publishing.
Finance & Investment
Are Hip-Hop Catalogs the Next ‘Evergreens?’ (Synchblog)
As the genre continues to dominate music streaming consumption, will hip-hop catalogs become the next evergreens making the headlines? Music consultant Alaister Moughan investigates…
Fed’s Plan to Raise Interest Rates in 2023 May Not Slow Music Rights Acquisitions (Billboard)
Now that music rights are considered a viable asset class, slightly higher interest rates probably won’t faze investors.
Vivendi agrees deal to sell 10% of UMG to Pershing Square (Music Ally)
As previously reported, Pershing Square is a special purpose acquisition company (Spac) owned by hedge-fund billionaire Bill Ackman.
Hipgnosis aims to raise £150m to buy more of ‘most influential songs of all time’ (The Guardian)
The London-listed music investor, which earns royalties every time one of the 65,000 songs to which it owns the rights is played, said it intended to use the money to buy more of “the most influential and successful songs of all time”.
Primary Wave raises $375m investment from Oaktree Capital, sells minority stake (MBW)
Oaktree Capital has committed to invest up to $375 million into Primary Wave Music in exchange for a minority interest in the music company.
Music Publishing Jobs
Copyright Assistant (Swedish speaker) – Kobalt Music Group (London)
Joining the Publishing Copyright department in our London office, the primary role of the Copyright Assistant will be to assist in correctly registering works and agreements in the Nordics.
Client Development & Licensing Rep – DL Music (Los Angeles)
Los Angeles based international Music Publishing and Creative Services company seeking a music loving, highly motivated, client development and licensing representative.
Digital Data Manager – Wise Music Group (London)
Wise Music Group, one of the World’s leading music publishers, is seeking a Digital Data Manager to join its London team.
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