Media +Technology Intelligence
The Blackstone Group is in serious discussions to inject more than $1 billion into a dedicated music copyright investment fund — with Hipgnosis Songs Fund founder Merck Mercuriadis potentially running the show. Here’s what we know so far. Neither Blackstone nor Mercuriadis are officially commenting at this stage, though the deal is understood to involve a Read More …
According to TikTok, in addition to its Commercial Music Library, which includes over 150,000 pre-cleared, royalty-free tracks “sourced from emerging artists and top-tier music houses”, the certified Sound Partners introduced today (October 7) can “help [brands] leverage the unique potential of TikTok’s sound-on environment at scale”. Source: TikTok names six certified Sound Partners including Songtradr, Read More …
Behind-the-scenes crew members in Hollywood have yet to reach a resolution with the industry’s major film and television production companies over working conditions and pay — but many workers say the conditions they face have only got worse with the rise of streaming services and the pandemic. Source: Hollywood’s shift to streaming is making some Read More …
The RIAA has secured an important victory in its piracy lawsuit against YouTube-rippers FLVTO.biz and 2conv.com and their Russian operator. A Virginia federal court has issued a default judgment in favor of several prominent music companies. The RIAA also requests over $82 million in damages, which has yet to be signed off in court. Source: Read More …
BMG has acquired what it calls “an extensive portfolio of rights” related to the music and image of Tina Turner. The deal sees BMG acquire the artist’s share of her recordings, plus her music publishing writer’s share and neighboring rights, plus her name, image, and likeness. Warner Music remains the record company for Turner’s catalog. Source: BMG buys Read More …