We catch up on this week’s music publishing news, from key deals and signings to new hires, legislation and more.
Deals and Acquisitions
TikTok and NMPA reach a global partnership agreement: exclusive (Billboard)
TikTok and the National Music Publishers’ Association (NMPA) have signed a multi-year agreement ending a lengthy standoff with threats of legal action against the popular video-sharing app for copyright infringement.
Spotify and Universal Music Group ink multi-year global licensing deal (MBW)
Sir Lucian Grainge, Chairman and CEO of Universal Music Group (pictured), said, “With this agreement, UMG and Spotify are more aligned than ever in our commitment to ensuring the entire music ecosystem thrives and reaches new audiences around the globe.
Primary Wave Music Publishing acquires a stake in Devo’s music publishing catalogue & master recordings (Music Week)
The acquisition includes some of the Grammy-nominated band’s biggest hits such as Whip It, That’s Good, Girl U Want, Freedom of Choice and more.
‘The Hitman’s Bodyguard’ producer Millennium inks deal with music rights firm Kobalt (Deadline)
An objective for the partnership is to license Millennium’s music across media including film, TV, advertising, games, podcasts, and the internet.
BMG Production Music acquires Dynamic Music (Music Week)
The deal marks an evolution of the relationship between BMG and Dynamic, following their global sub-publishing agreement in 2018. Since that deal, Dynamic’s revenue has doubled, as the company secured 100-plus hours of music use across global television and radio stations from some 30,000 usages.
Brandi Carlile, Tim and Phil Hanseroth sign admin deal with Universal Music Publishing Group (Variety)
Grammy-winning singer, songwriter and producer Brandi Carlile and her musical collaborators, twin brothers Tim and Phil Hanseroth, have signed a worldwide administration agreement with Universal Music Publishing Group (UMPG).
Warner Chappell Music signs Latin Grammy-winning producer Tony Succar (Billboard)
Warner Chappell Music, the music publishing arm of Warner Music Group, has signed a publishing deal with Latin Grammy-winning producer Tony Succar.
Jaren Johnston extends deal with Sony/ATV (Music Row)
Sony/ATV Music Publishing Nashville has extended its global co-publishing agreement with songwriter/producer Jaren Johnston.
FutureKind renews deal with songwriter Tom Mann (Music Week)
With co-writing credits alongside artists including Lewis Capaldi, Rita Ora, James TW and Jackson Wang, Tom Mann has just passed two billion streams as a songwriter.
Hit Producer WondaGurl signs global co-publishing deal with Sony/ATV, Cactus Jack (Variety)
Hit producer WondaGurl, who’s worked with some of the top names in hip-hop and R&B, has signed a global agreement with Sony/ATV Music Publishing, in partnership with Travis Scott’s Cactus Jack Publishing.
Finance & Investment
Shamrock Capital, a Los Angeles-based investment firm with a $1.9bn portfolio under management, is about to spend big in music.
Hipgnosis’ spending stash grows to nearly $700m, as firm extends debt facility (MBW)
Just two weeks after it raised nearly $300m via the sale of C shares, Hipgnosis Songs Fund has increased the amount of debt it can access in order to continue its aggressive acquisition strategy.
Nigerian star, Mr. Eazi is raising $20 million to invest in African music creatives (CNN)
Through the Africa Music Fund (AMF), the 29-year-old artist from Nigeria says he wants to create a new funding model for the music business on the continent.
Royalties & PROs
Facebook signs deal with Indian collecting society IPRS (Music Ally)
The Indian Performing Rights Society (IPRS) has signed a deal with Facebook for use of the repertoire it represents in videos, music stickers and stories on the platform. The deal also covers similar usage on Instagram.
China to get a new ‘one-stop copyright registration window’ (Music Ally)
It’ll include a free copyright registration service for independent music in mainland China, to help musicians register their works, but there will also be an ‘Independent Musician Service Plan’ created.
Music trade organizations, guilds, PROs urge congress to extend relief for songwriters, composers (Billboard)
With the end of July marking the end of enhanced unemployment benefits, working songwriters and composers are facing another financial hurdle.