Publishing Catch-Up: Justin Timberlake Sells Catalog to Hipgnosis, The Top Music Publishers of 2021, CISAC Outlines Latest ISWC Advancements & More
- Emma Griffiths
- May 31, 2022
- 4 min read
We catch up on the latest music publishing news, from key deals and signings to new hires, legislation and more.
Deals & Signings
Justin Timberlake sells song catalog to Hipgnosis and its $1bn-backed Blackstone fund (MBW) Hipgnosis buys 100% of all of Timberlake's copyright, ownership and financial interests of the Writer and Publisher's Share of Public Performance income, and the catalog of musical compositions written by Justin Timberlake.
Sony Music Publishing Nashville and Black River Publishing have entered into a global publishing administration agreement, with Sony Music Publishing providing global services to Black River's publishing catalog.
Sony Music Publishing signs deal with BTS co-writer MAX (MBW) With the agreement, MAX has launched Colour Vision Publishing in partnership with SMP and announced Colour Vision's first signing, Cody Dear.
Peermusic UK has signed award-winning songwriter/producer Brian Higgins to an exclusive global music publishing deal. The deal encompasses future works.
Reservoir Announces Publishing Deal with Phil Manzanera of Roxy Music (Digital Music News) The agreement includes works from Manzanera's catalog featuring songs by Roxy Music, Pink Floyd, Tim Finn, Brian Eno, and more.
Royalties & CMOs
CISAC reports global progress on metadata and plans wider access to ISWC (Music Week) CISAC has reported "steady progress" for the extension of the ISWC music identifier and improvements in music data reporting. It follows a major upgrade to the system completed in 2020.
Going forward, SMG is expanding the program on a rolling basis, to eligible unrecouped artists and songwriters globally who have been with Sony Music for over 20 years, and haven't received an advance in over two decades.
MMF launches $ong Royalties Manifesto at The Great Escape (CMU)
It calls for an overhaul of how songwriters are paid when their music is streamed, and proposes a three step plan for achieving that change.
Transparency is key to the document, with the call to "create a robust set of data for Germany and to demand more transparency in the streaming market, especially with a view to the allocation of revenues".
Finance & Investment
Know Your Rights: Will Economic Uncertainty Slow Down the Music Catalog Boom? (Synchblog) Higher interest rates, inflation and the war in Ukraine have prompted questions about what happens next in the music catalog market.
Does the Justin Timberlake Song Sale Price Make�Sense? (Billboard) A look behind the financials of Hipgnosis' reported $100 million acquisition of the pop star's publishing catalog.
After selling his last company, Songs Music Publishing, for about $160 million, Matt Pincus started making new deals across the record industry. The more he did, the more he realized there were few companies focused solely on music investments. So he started another one.
Awards
Dave, Little Simz, Inflo, Sam Fender, Laura Mvula & Ed Sheeran honoured at Ivor Novello Awards 2022 (Music Week)
In the 67th year of The Ivors, 21 songwriters and composers collected Ivor Novello Awards across 14 categories, in recognition of outstanding achievements in songwriting and composing for screen.
Sony Music Publishing's UK leadership duo Tim Major and David Ventura have told Music Weekthat the culture they're creating at the company is leading to a new wave of success.
Facts & Figures
(Billboard)The song-catalog buying spree of the last three years has enabled independents such as Hipgnosis and Primary Wave to make inroads in a business traditionally dominated by the majors.
In monetary terms, Sony's overall music rights operation (recorded music plus music publishing) generated approximately $237 million more in calendar Q1 2022 than in the prior year quarter.
"We Don't Talk About Bruno" helps lift Walt Disney Music Company into the publisher rankings for the first time since 2008.
Interesting Reads
High Fidelity: How Can Advancements in AI Music Metadata Revolutionize Sync? (Synchblog) Ben Gilbert explores the emergent tools and profiles two AI music metadata companies to assess how this technology can take the industry forward.
TikTok Is Testing Ground for New Singles - Why Labels Love It (and Some Artists & Writers Don't) (Billboard) With labels increasingly trying out unreleased songs on the platform, producers, songwriters and even artists are saying it's bad for business.
Music licensing in games: trials, tribulations, and what's next (gamesindustry.biz) Experts in music licensing reveal their biggest challenges, advice for publishers big and small, and what they expect from the future of music in games.
The Ledger: Three Major Trends Revealed in Music Companies' Q1 2022 Earnings (Billboard) Subscription growth is strong (albeit slowing), publishers are excelling and live music is surging.
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