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Creative Industries

US music publishing industry revenue up 9.6% to $4 billion in 2020

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By Emmanuel LegrandThe music publishing market in the US posted revenues of $4.076billion in 2020, a 9.6% increase over 2019. The figure was disclosed by David Israelite, President & CEO of the National Music Publishers' Association (NMPA), during his traditional State of the Union at the organisations' AGM on June 9. Performance rights reached $2.1bn, up 7.92%, while revenue from synchronisation grew to $954m, up 13% from 2019, despite the disruption in film and TV production due to the p...

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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).

Creative Industries

peermusic UK and Max Music Publishing sign The Reytons to a global publishing deal

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peermusic UK has signed British indie band The Reytons to an exclusive, global music publishing deal via a joint venture with Max Music Publishing.

The deal was announced by Nigel Elderton, President, Europe & Managing Director, peermusic UK; Mike Sault, Head of A&R, peermusic UK; Dylan Myerscough-Harris, A&R Manager, peermusic UK; and Max Odell, CEO, Max Music Publishing.

“I am delighted to see a great independent band, on an indie label and published by an independent publi...

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Creative Industries

Thomas Coesfeld to replace Hartwig Masuch as CEO of BMG in 2024

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German entertainment and media group Bertelsmann has picked Thomas Coesfeld to succeed Hartwig Masuch as CEO of music division BMG, effective January 1, 2024. Coesfeld has served as CFO of BMG since April 2021.

The change in leadership is part of "a long-term succession plan," according to Bertelsmann. Masuch will remain associated with Bertelsmann in an advisory capacity. Thomas Coesfeld will also take a seat on the Bertelsmann Group Management Committee (GMC), which advises the Group Execu...

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Creative Industries

IFPI appoints Sony Music executive Adriana Restrepo as Regional Director for Latin America and the Caribbean

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Adriana Restrepo has been appointed to the role of Regional Director for Latin America and the Caribbean for the International Federation of the Phonographic Industry (IFPI), which represents the global recorded music industry.

From 1st February 2023, she will lead IFPI’s work across the Latin American and Caribbean region "to promote the value of recorded music, expand its commercial uses and campaign for the rights of record producers."

Restrepo reports to IFPI Chief Executive F...

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