We catch up on this week’s music publishing news, from key deals and signings to new hires, legislation and more.
Deals and Signings
Outdustry expands in China with new publisher, deal with U.S. indie company Reservoir (Variety)
Music industry service provider Outdustry has this week launched Outdustry Songs, a new independent music publisher focused on China, with an exclusive sub-publishing deal with U.S. indie Reservoir.
Primary Wave acquires music publishing catalog from rock band Godsmack (MBW)
Primary Wave Music Publishing has acquired the music publishing catalog and master royalty stream of the multi-platinum rock band Godsmack.
Josh Kear joins Sony/ATV Music Publishing Nashville (MusicRow)
Kear has earned four Grammys for his works, and is the only songwriter to win the Country Song of the Year Grammy honor three times. He has also earned several RIAA multi-Platinum certifications, as well as ACM, ASCAP, and CMA honors.
Dance duo Cousn sign with The Other Songs (Music Week)
Independent label and publisher The Other Songs has signed an exclusive deal with Bristol-based dance duo Cousn through its publishing joint-venture with Kobalt.
Concord Music Publishing signs Boz Scaggs (Music Week)
Concord Music Publishing has signed a new publishing deal with artist and songwriter Boz Scaggs. The new deal, effective immediately, covers his full catalogue from 1968 to the present, as well as his future works.
Strictly Confidential renews long-term deals with Balthazar, Nada Surf and Soap&Skin (MBW)
Balthazar, Soap&Skin and Nada Surf have all extended their long-term music publishing deals, while Sohnarr, the new project from former Balthazar violin player Patricia Vanneste, has also joined the Strictly Confidential roster.
Concord Music Publishing inks multi-faceted creative partnership with songwriter Hillary Lindsey (MBW)
Nashville-based Concord Music Publishing has entered into an exclusive, worldwide co-publishing agreement with multi-Grammy Award-winning, CMA Award-winning and Academy Award and Golden Globe-nominated songwriter, Hillary Lindsey.
BMG, ITV Studios enter global partnership (Billboard)
BMG and production/distribution company ITV Studios have entered a global deal that will cover recordings, publishing, production music and synch, the companies announced today (July 1).
Launches & New Ventures
The Royalty Network debuts Black Empowerment Thru Music scheme (Music Ally)
Music publishing company The Royalty Network has launched an initiative to help emerging Black musicians, producers and songwriters build contacts and careers in the music industry.
One Media set to launch Harmony rights-purchasing program (Music Ally)
One Media says it is making “encouraging progress” towards launching its new program called Harmony IP, which like a growing number of other companies “looks to grant music rights holders with advanced access to the future earnings of their IP by purchasing a portion of their rights upfront”.
Songs & Daughters launches publishing division, signs Tiera (Music Row)
Songs & Daughters, which hit songwriter Nicolle Galyon launched in 2019 in partnership with Big Loud Records, has expanded into music publishing.
Facts & Figures
Hipgnosis revenues topped $80m in FY2020 – now it’s raising another $250m (MBW)
The stat, revealed in the company’s new annual report, is up by many multiples on the £7.2m it generated in the year to end of March 2019 (though it should be noted the firm floated on the London Stock Exchange in July 2018).
One Media iP revenues up 28% (Music Week)
One Media iP has announced a 28% year-on-year increase in revenues for the six-month period to April 30, 2020. Revenue hit £2m at the digital music rights acquirer, publisher and distributor. Operating profit increased by 98% year-on-year to £563,257. EBITDA was up 93% to £757,678
Hirings and Promotions
Frank Handy joins Position Music as Vice President, Head of Administration (MBW)
Handy will report to Bacon and oversee copyright, royalties, licensing, A&R Administration teams, find new revenue streams, and look after Position’s International interests. With a longstanding career in music publishing, Handy has held the position of Vice President of Licensing and Copyright at SONGS Music Publishing.