Media +Technology Intelligence
In the second half of October, KKR – via its new Chord Music venture – acquired a large portfolio of rights from Kobalt for $1.1 billion. Now, KKR Credit Advisors is using a catalog of 65,000 songs – including hits from The Weeknd, Stevie Nicks, and Childish Gambino – to sell more than $732 million of asset-backed securities supported by publishing Read More …
With the Activision deal, Microsoft has become a music publisher of soundtracks for the first time – not least Hans Zimmer’s Call Of Duty scores. If gaming is “the building blocks to the metaverse”, music is the cement. The commitment of Microsoft’s chairman and CEO Satya Nadella to ‘invest deeply in world-class content, community and cloud’ Read More …
Verifi Media says the VRDA creates an orchestra of definitive data, with each player maintaining its own information while collaborating to create a symphony of media intelligence. Four enterprise companies, from labels to publishers to PROs and DSPs are inaugural members of the VRDA. Inaugural members include Warner Music Group (WMG), Spanish rights management entity Unison, digital Read More …
Olivier Chastan knows this world well: He was previously CEO at Irving Azoff’s Iconic Artists Group, which last year acquired catalogs from the likes of the Beach Boys, David Crosby, and Linda Ronstadt. Today (February 4), Chastan has taken the wraps off his own acquisitive vehicle – Los Angeles-based Iconoclast – with a headline-grabbing rights deal already signed and Read More …
In a 25-page brief, Maryland lawyers contend that the AAP is seeking to find a copyright violation where none exists, and reiterated their contention that the state has both the authority and a compelling interest to protect public libraries from unfair market practices. Source: Maryland Lawyers Say E-book Law Is a Defense of Public Libraries