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Creative Industries

Music Deals — Week 23 2021

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Canadian music rights management company Kilometre Music Group, in partnership with Barometer Capital Management, have acquired 50% of the rights to the 180-song strong catalogue of Canadian songwriter Belly (a.k.a. Ahmad Balshe), a regular collaborator of The Weeknd (on songs such as 'Blinding Lights') and Nipsey Hustle. Financial terms of the deal were not disclosed. "When we started Kilometre, our mission was to build a world-class portfolio of iconic songs from the multi-decade worldwide Can...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Creative Industries

Fairground Attraction will release their first album in 35 years with Absolute

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Eighties neo-skiffle band Fairground Attraction have partnered with Absolute Label Services for the release of their first album in 35 years. The first single, 'What’s Wrong With The World?', was released at the end of March.

Absolute will be in charge the marketing, promotion, distribution and sync behind a brand new Fairground Attraction album, 'Beautiful Happening' to be released on band member Mark Nevin’s Raresong Recordings label on September 20.

“When Fairground Attraction reformed...

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The Board of Hipgnosis Songs Fund would recommend Blackstone’s $1.5 billion proposal if the offer was confirmed

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The $1.5 billion offer made by investment firm Blackstone to acquire the catalogues owned by Hipgnosis Songs Fund (HSF) has received a favourable response from the Board of the London-listed music assets company. The Board said it would recommend to its shareholders to back the proposal made by Blackstone, should the firm announce "a firm intention to make an offer."

Blackstone made a counterproposal to the $1.4bn offer made by Concord to purchase HSF. Blackstone said it would offer to pay $...

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Downtown Neighbouring Rights signs new agreements with Anohni, Position Music and Th3rd Brain Records

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Downtown Neighbouring Rights (DNR) has announced a series of new signings and cross-company partnerships across the division, including international deals with singer-songwriter, Anohni, Position Music and Th3rd Brain Records. Neighbouring rights are generated by recordings when they are played in public or on media such as radio and TV.

The international neighbouring rights agreement with Anohni covers the artist's entire recording catalogue, including the song, ‘Manta Ray’, the Mercury Pr...

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