ASCAP has appointed a new executive to its upper management. Alice Kim has joined the performing rights organization in the role of executive vice president, chief strategy and development officer. In this capacity, Kim will lead work on strategy, business development, product development, and administration services for the company. Continue Reading
Several publishers have been vocal about their interest in splitting from the performing rights organizations ASCAP and BMI. Their goal is to exert more control over digital rights management, pushing for increased royalty rates from online streaming services for their songwriters. However, a group of professional organizations and guilds centered on songwriting has released an open letter to publishers asking them to reconsider. Continue Reading
ASCAP posted revenue of more than $1 billion last year, the first performance rights collector to do so. The company distributed more than $883 million in royalties to songwriters, composers, and publishers. ASCAP also said that it doubled the number of performances that it has processed for payment, paying out royalties for 500 billion musical moments. Continue Reading
ASCAP announced that Elizabeth Matthews will serve as its new CEO. The news comes after long-standing top exec John LoFrumento stepped down at the end of 2014. Matthews was the board’s unanimous choice to lead the performing rights organization and will assume the new responsibilities immediately. Continue Reading
John LoFrumento has announced his retirement as CEO of ASCAP., Billboard reported. He will depart the the performing rights organization as of Jan. 1 after 17 years at the helm. Most recently, his company has been involved in the discussions about collective licensing and digital rights. Continue Reading
Martin Bandier, chairman and CEO of Sony/ATV, has added his voice to the criticism of rates paid to music publishers for streaming. “We at Sony/ATV want these digital music services to be successful because they are a great way for music fans to listen to music and have the potential to generate significant new revenues for everyone,” he said. “However, this success should not come at the expense of songwriters whose songs are essential for these services to exist and thrive.” Continue Reading
A legal tug-of-war between Pandora and performing rights organization BMI has been in progress since a ruling last December, and it took a new twist last week when BMI reportedly advised Pandora that it does not expect any major music publishers to withdraw their catalogs at the end of 2014. This communication was strong on reassurance but weak in specifics. Continue Reading
Copyright has been the hot-button topic of this year, and the role of performing rights organizations has been a central topic of debate. While some of the top publishers like Sony and Universal Music Group are looking for a chance to break from the outside management of their compositions by ASCAP and BMI, the top two PROs embroiled in consent decree rules, there is still some opportunity for shuffling within that business and legal infrastructure. Continue Reading
As the Department of Justice weighs what to do about digital performance rights, Sony/ATV/EMI has been making bold claims that it would consider leaving the collective licensing system in order to negotiate its own rates. According to The New York Post, that could be happening soon. The paper reported that Sony could split from ASCAP and BMI by the end of the year. Continue Reading
Pandora has signed a U.S. license agreement with music rights management company BMG for its complete catalogs of both ASCAP and BMI music. Few details about the multi-year agreement were disclosed in Pandora’s press release, but it did point to mutual business and marketing perks for all parties involved. Continue Reading
The International Confederation of Authors and Composers Societies, better known as CISAC, has a new director general. Gadi Oron, who previously served as CISAC’s general counsel, is now helping the organization of musical publishing collecting societies. Continue Reading
This year’s big debate over consent decrees has consequences for more than just the music industry. Today, concerns over consent decrees led to a surprising agreement between long-standing enemies. The National Cable & Telecommunications Association made a submission to the DoJ calling for the regulations to stay in place. Continue Reading