We catch up on this week’s music publishing news, from key deals and signings to new hires, legislation and more.
Deals and Acquisitions
Imagine Dragons catalogue sells to Concord for reported $100m+ (Music Ally)
The latest megabucks publishing-catalogue acquisition is bucking the trend… by not involving Hipgnosis Songs Fund. Instead, it’s Concord Music Publishing that has swooped to buy the writer’s share and a co-publishing share of the band Imagine Dragon’s back catalogue.
BMG and TV production company Fremantle extend global partnership (MBW)
The extended deal includes a global music publishing and administration agreement for Fremantle’s catalog, as well as an agreement with BMG’s production music business which, in addition, has been expanded to a now global partnership.
Tencent Music partners with Thailand’s largest record and publishing company (Music Week)
Tencent Music Entertainment has established a strategic partnership with Thailand’s largest international record and publishing company, GMM Grammy.
Modern Sky inks sub-publishing deal with The Royalty Network for Chinese Catalog in North America (MBW)
The deal is for North America and marks the first time Modern Sky’s Chinese copyrights will be represented for publishing outside of its home territory.
Reservoir invests in India, inking JV with Gully Gang Entertainment and signing DIVINE (MBW)
Reservoir called the JV “the first deal of its kind for India”, adding that it “reaffirms our commitment to supporting creators in emerging markets”.
Round Hill Music Signs Songwriter/Publisher Collective 4 Horsemen Music (Music Row)
Round Hill Music has signed a global exclusive publishing deal with songwriting/publishing collective 4 Horsemen Music, including Marti Frederiksen, Zac Maloy, Blair Daly and Scott Stevens, who have together earned more than 35 No. 1 hits in various genres over three decades.
Red Triangle sign global publishing deal with BMG (Music Week)
Consisting of Rick Parkhouse and George Tizzard, Red Triangle have sold over 15 million records, working with acts such as Charlie Puth, David Guetta, Green Day, James Arthur, Machine Gun Kelly, Little Mix, The Vamps, 5 Seconds Of Summer, Lukas Graham, Take That, Faouzia and Sabrina Carpenter.
Facts & Figures
Publishers Quarterly: Sony/ATV Music Tops Hot 100 and Radio Rankings (Billboard)
In the second quarter of 2020, Sony/ATV Music Publishing topped both the Top Radio Airplay songs and Hot 100 publisher charts with market shares of 20.11% and 20.18%, respectively.
Hirings & Promotions
Round Hill Music names Steve Clark as global COO (Music Week)
Round Hill Music has appointed Steve Clark as its global chief operating officer. Clark was previously at Warner Chappell Music, where he spent over two decades, most recently as executive VP of global operations.
NMPA Hires Ashley Joyce as SVP, Legal and Business Affairs (Broadway World)
The National Music Publishers’ Association (NMPA) today announced that Ashley Joyce has been hired as SVP, Legal & Business Affairs. Ashley was previously an Associate at DLA Piper in the Trademark, Copyright and Media Group based in Washington, D.C.
Finance & Investment
Concord raises another $600m via J.P. Morgan-placed debt offering (MBW)
Combined with its existing $450m revolving credit facility, the new term loan B debt offering provides Concord with access to over $1bn of debt financing in total.
One Media iP raises £6m to fund rights acquisitions (ShareCast)
One Media iP said the net proceeds of £5.6m would be used to fund the acquisition of exclusive rights to create and expand its digital assets over a portion of copyrights in performance and writers shares, primarily through the Harmony iP asset release programme.
Royalties & CMOs
PRS AGM backs major governance changes at collection society (Music Week)
The reforms are the first proposed major governance changes for PRS in 20 years. The changes were approved by members at the virtual PRS AGM.
APRA’s Dean Ormston hits out at proposed copyright reform (The Music Network)
APRA AMCOS CEO Dean Ormston has expressed concern that songwriters, composers and publishers will once again end up on the wrong end of new copyright reform.
SOCAN Secures $1.5 Million In CBC Royalties on Behalf of SODRAC Members (Digital Music News)
SOCAN has secured a $1.5 million payment from the Canadian Broadcasting Corporation (CBC) on behalf of its SODRAC subsidiary, in addition to obtaining the right to collect royalties from incidental music usages in future television broadcasts.