BMI distributions up 9.3% to $1.12bn in its last fiscal year

US collecting society BMI has published its latest numbers, for the organisation’s fiscal year which ended on 30 June. BMI says it collected $1.2bn in domestic and international royalties, as well as money from direct deals administered on behalf of publishers. The organisation’s distributions for the year were $1.12bn, up 9.3% year-on-year. “The most public performance […]

SESAC row eases to take Music Modernization Act one step forward

Peace appears to have broken out after a heated row involving collecting societies and songwriting bodies in the US, over the Music Modernization Act (MMA). Songwriter bodies SONA and NSAI had strongly criticised Blackstone, owner of SESAC and the Harry Fox Agency, for what they perceived as an attempt to derail the legislation as it […]

Canadian collecting society Socan acquires Sodrac

Socan is getting its wallet out again: this time the collecting society has closed its acquisition of fellow Canadian organisation Sodrac (the Society for Reproduction Rights of Authors, Composers and Publishers). Socan is bullish about what the deal means for creators. “For the first time in Canada, a single organisation – Socan – will be […]

Report claims global publishers may pull out of SGAE

Spanish collecting society SGAE is facing a big problem in early 2019: the potential for some of the world’s biggest publishers to take their catalogues elsewhere. Warner/Chappell, Peermusic, Sony/ATV, Universal Publishing and BMG have given SGAE six months’ notice of their intention to not renew their contracts with the society, according to reports in the Spanish media. […]

Facebook signs licensing deals with Sacem, Socan and Wixen

Facebook’s music-licensing efforts continue apace, with the announcement of three more deals this weekend. The social network now has agreements with French collecting society Sacem; Canadian PRO Socan; and music publisher Wixen Music Publishing. As with Facebook’s other recent deals, these are licensing agreements covering user-generated content across Facebook, Instagram, Facebook Messenger and Oculus VR. […]

PRS for Music CEO: ‘How to unlock rightsholders’ money around the world’

This guest column comes from Robert Ashcroft, CEO of PRS for Music: “The issues of data, value and protection for songwriters have never been so high on the agenda. In early 2016 I had a conversation with George Howard for a blog he was writing for Forbes about the biggest issue facing the industry in […]

2017 was a billion-dollar distribution year for BMI

US performance-rights organisation BMI has announced a strong set of figures for its 2017 fiscal year, which ended recently. The company generated $1.13bn of revenues, distributing just over $1.02bn to songwriters, composers and publishers – up 10% year-on-year. BMI is hailing the results as “the most public performance revenue and highest royalty distributions of any […]

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