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Collective Management Organisations

Kobalt’s revenue grew 13% in 2019/20 while the company reached profitability in 2020/21

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Music rights management company Kobalt said it had reached profitability in its current fiscal year ending June 30, 2021, although it did not disclose any specific figures. The company also reported that its gross collections grew by 13% to $703 million in the fiscal year-ending June 30, 2020.

In a statement the company said the march to profitability was reached by divesting from some money-losing assets and focusing on its core business. For many years the company had been posting losses...

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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).

Collective Management Organisations

Trevor Horn gives mandate to PPL for the global collection of his neighbouring rights

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British songwriter, performer and producer Trevor Horn has signed with the UK's music licensing company PPL for the international collection of his neighbouring rights royalties. 

“PPL plays an incredibly important role in the music business, not just for performers like me in the UK but for many around the world," said Horn. "More recently, I have seen the careful and considered approach the team takes to managing music rights and I know my recordings are in safe hands. I have also been enc...

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Collective Management Organisations

SIAE blasts Meta’s decision to exclude Italian repertoire from its platforms amid ongoing licensing negotiations

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Italian rights society SIAE (Italian Society of Authors and Publishers ) and the international music publishing community have criticised Meta Platforms for having taken the decision to remove SIAE's repertoire from its library, as the rights society was attempting to negotiate a licensing agreement with the parent company of Facebook and Instagram in agreement with Article 17 of the European Copyright Directive.

SIAE said that it has been attempting to seek an agreement with Meta in good fa...

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Collective Management Organisations

SESAC acquires data company AudioSalad

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Metadata and media asset management company AudioSalad has been acquired by US rights society SESAC, part of the Blackstone-owned group of companies. Terms of the transaction were not disclosed.

AudioSalad is a digital media and metadata management platform, delivery provider and distribution company providing services to labels, artists and distributors. SESAC said AudioSalad will continue to be based in New York operate as a stand-alone company, part of SESAC Music Group, under the leaders...

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