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Creative Industries

France will spend €400 million between 2021 and 2025 to accelerate the development of cultural industries

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The French government has pledged to spend €400 million for the development of cultural industries for the period from 2021 to 2025.

The financing will be handled by the Ministry of Culture as part of the fourth programme of investments for the future (PIA4), to support a "national strategy for the acceleration of cultural and creative industries."

PIA4 is a major investment tool to modernise France, with €20bn allocated over 5 years (2021-2025), of which €11bn will be spent over 2021-20...

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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

DSPs file their Phonorecords IV rates proposals for mechanical rights with the Copyright Royalty Board

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Rights holders and digital service providers have started the process that will lead to the determination of rates and terms for making and distributing Phonorecords, known as Phonorecords IV or CRB IV, by the US Copyright Royalty Board (CRB).

The proceeding will determine the mechanical rates paid by digital services and record labels for the rights to reproduce and distribute musical works for the period 2023-27.

For the first time, the Judges are setting mechanical-royalty rates for in...

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Collective Management Organisations

CISAC global collections dropped 9.9% in 2020 to €9.32 billion as rights societies around the world continued to feel the impact of Covid

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Rights societies around the world have been hit in 2020 "by a seismic drop in revenues due to the crisis," according to Marcelo Castello Branco, Chair of the Board of the International Confederation of Societies of Authors and Composers (CISAC), which has reported that global collections were down 9.9% in 2020 compared to the previous year, dropping from €10.35 billion in 2019 to €9.32bn.

A billion euros in revenues — even more considering the growth rate of the rights market prior to Covid ...

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Creative Industries

BMG partners with KARO to develop a presence in the festival business

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BMG — and its live partner company Undercover — have sealed a partnership with Volker Hirsch that will see the Bertelsmann-owned music company acquire a majority stake in Hirsch's concert production firm KARO Konzert-Agentur Rothenburg GmbH, organiser of Taubertal-Festival, a mid-size boutique rock and pop festival, founded in 1996.

The deal comes one year after BMG announced its partnership with German live music promoter Undercover which forms the basis of BMG’s live music and entertainmen...

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