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Collective Management Organisations

Audoo raises £7.2m in a funding round led by Edinv, Tileyard London and MPL Ventures

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Audoo, the London-based start-up backed by ABBA's Björn Ulvaeus, has closed a £7.2 million pre-series B funding round, led by existing investor Edinv, joined by Tileyard London and MPL Ventures.

In the past three years, Audoo has raised over £14m, including £5.2m in Series A funding at the end of 2020. Audoo said it would use the new funding to invest in growing the business into new markets in Europe, North America and the APAC regions.

Audoo has developed a device, the Audio Meter, wh...

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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

Six takeaways from The MLC’s first annual report for 2021: distributions, membership, matching rates, processed works, historical unmatched works and expenditures

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The Mechanical Licensing Collective (The MLC) has issued its first annual report since its launch on January 1, 2021. The MLC was created by the Music Modernisation Act of 2018 to license and administer online mechanical rights on behalf of songwriters and music publishers.

The MLC has signed licensing agreements with over 40 digital services providers (DSPs), and is processing monthly the usage files supplied by the DSPs. From January 1, 2021, it has started to receive data files from DSPs...

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Collective Management Organisations

Deepak Mohite promoted to Chief Technology Officer at ASCAP

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US rights organisation American Society of Composers, Authors and Publishers (ASCAP) has promoted Deepak Mohite to Chief Technology Officer (CTO).

In his new position, he reports jointly to ASCAP Chief Executive Officer Elizabeth Matthews and to ASCAP EVP and Chief Operating Officer (COO) Brian Roberts. Based in New York, Mohite was SVP of Software Engineering and Architecture since 2019. The company said he has been "a transformative leader in ASCAP’s Global Technology Solutions (GTS) team....

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Collective Management Organisations

DACS distributed £17.2 million in royalties to 79,000 visual artists and estates in 2021

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The UK’s Design & Artist Copyright Society (DACS) has distributed £17.2 million in royalties to 79,000 artists and estates in 2021, according to the visual arts collective management organisation's latest Annual Review.

The bulk of DACS's distributions — over £9.9m in 2021 distributed to to artists and estates — come from the proceeds of the resale royalty. Overall, DACS has distributed over £100m in Artist’s Resale Right royalties to artists and artist’s estates, since the right passed ...

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