Pimco, one of the world’s biggest investment firms, turns its attention to music rights
Alliance with BMG follows KKR/BMG partnership Read More …
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Round Hill Music buys catalog from White Snake’s David Coverdale, strikes deal with Nancy Wilson from Heart
Round Hill Music Royalty Fund Limited has acquired the music publishing, master rights and master rights royalties for – and entered into a long-term administration agreement for the neighbouring rights income from – the catalog of iconic rock frontman David Coverdale. David Coverdale is best known for his role in Whitesnake, of which he was a Read More …
UK class action lodged against Meta seeks $3.1B for breach of competition law
A competition legal expert, backed by a powerful litigation fund, is set to mount a multibillion-dollar class action suit against Facebook/Meta for breach of competition law on the basis that it abused its dominance of social networking in the U.K. for several years. If successful, the action would see Facebook having to pay $3.1 billion Read More …
OverDrive: Record Number of Libraries Hit Million Digital Lend Mark
Leading library service provider OverDrive this week reported that a total of 121 public libraries and consortia across seven countries and from 37 U.S. states surpassed one million digital lends in 2021, a significant jump from 2020, when 102 libraries hit the mark. According to OverDrive officials, 22 library systems made more than one million Read More …
Merlin inks multi-year deal with music licensing platform Lickd
Independent label agency Merlin has inked a multi-year deal with UK-born Lickd, a platform that lets video creators legally use copyrighted music and audio in their videos. The deal comes four months after Lickd secured £5.1 million (approximately $7m) in new funding, which included investment from both Warner Music Group (WMG) and Epic Games, creator of Fortnite. Source: Merlin inks multi-year deal with Read More …