APRA AMCOS, which is Australia and New Zealand’s performance rights organization, posted records earnings in their latest fiscal year, fueled in large part by streaming music. In the PRO’s annual report, the organization listed revenues of …
Category archives: Music Publishing
Hundreds of Artists, Musicians, and Publishers are Leaving Spanish Collection Society SGAE
Hundreds of Spanish music artists, including Joaquin Sabina, La Oreja de Van Gogh and Love of Lesbian, have had it with the SGAE. Others, including publishers and filmmakers, are also leaving. The SGAE, or Sociedad General de Autores y Editores, is th…
Newly-Formed Mechanical Licensing Collective Threatens Legal Action Against AMLC Cofounder
The major publisher-backed Mechanical Licensing Collective (MLC) isn’t amused by AMLC co-founder Jeff Price’s latest emails. America’s newest federal agency is getting off to a rocky start. After demanding $66.25 million in startup costs — just to get…
Music Industry Land Grab Continues — Concord Acquires Victory In Estimated $30MM Deal
Chicago punk/rock label Victory Records has now been gobbled up by Concord — with thousands of tracks included in the deal. Victory is the brainchild of Tony Brummel, who started the label in Chicago back in the late-80s. Over time, the label expanded…
Music Industry Nemesis Peloton Raises $1.16 Billion In Its IPO — Then Crashes Hard
You can feel the schadenfreude emanating from the offices of major music publishers. On Thursday, Peloton, which is an exercise equipment and media company that has been embroiled in a contentious lawsuit with music publishers, raised $1.16 billion in …
SESAC Successfully Sells $560 Million In Bonds Backed by Music Royalties and Licensing Deals
SESAC, which is the third largest performance rights organization in America after ASCAP and BMI, has announced that it has refinanced its capital structure by selling $530 million in corporate bonds. SESAC further received an additional $30 million in…
Investors Flood $530M SESAC Capital Restructuring
Privately owned performing rights organization SESAC has completed a major refinancing of its capital structure, reports Billboard, selling $530 million in bonds and obtaining a $30 million revolving credit line. In the latest sign of strong investor interest in music rights, the SESAC offering was oversubscribed to the tune of…
Investors Flood $530M SESAC Capital Restructuring
Privately owned performing rights organization SESAC has completed a major refinancing of its capital structure, reports Billboard, selling $530 million in bonds and obtaining a $30 million revolving credit line. In the latest sign of strong investor interest in music rights, the SESAC offering was oversubscribed to the tune of…
Two Members Abruptly Depart the Mechanical Licensing Collective (MLC)
Earlier this week, the recently-named Mechanical Licensing Collective requested $66.25 million — just to get off the ground. That included a $37.25 million tranche of cash before the MLC’s opening day. Another $29 million was requested for the first y…
Songwriters Guild of America, Artist Rights Alliance, SONA, 7 Other Creator Groups Demand the Right to Choose Their PROs — Here’s Their Statement
Should music publishers have the right to move their entire catalogs to the performance rights organization (PRO) of their choice — without the need to consult their songwriters or composers? Or, for that matter, remove their catalogs entirely from meg…