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Iconic Artists Group acquires a ‘broad range of rights’ from Nat King Cole’s estate

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Irving Azoff’s Iconic Artists Group has reached an agreement with the family of the late Nat King Cole to "manage, protect, preserve, and expand Nat King Cole’s groundbreaking legacy to new generations."

The deal encompasses "a broad range of rights" from the jazz singer and pianist's career including his recorded music, publishing, television shows, and name and likeness.

“We’re delighted to entrust our father’s legacy to Irving Azoff and the team at Iconic. Through the years, it’s been...

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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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Key figures — Week 46, 2022

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$13.8 billion

That's the total spending on Augmented Reality (AR) and Virtual Reality (VR) expected this year, growing up to $50.9 billion in 2026, according to IDC reports. VR will take up 70% of AR/VR spending in 2022-2026. US and China to be the top two contenders for AR/VR spending.

$10 billion

That's how much TikTok is expected to earn in online advertising revenue in 2022, a 150% growth year-on-year, according to the short format platform forecast. Data firm Omdia estim...

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Musical chairs — Week 43, 2022

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USA

Sound Royalties has been expanding its West-Coast team with the appointment of AndrewStess and DavidBlutenthal of StessCo Consulting Group as the music financing company’s new representatives in the western part of the US. Stess and Blutenthal will support songwriters, artists, rights holders, and other music creatives as they seek out the right financial solution to fund their music career. “Our representatives aim to understand a creative’s funding goals before offering them a cust...

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Collective Management Organisations

APRA AMCOS reports record revenues for Australasia, up 21.6% to A$616.5 million

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Australasian music rights management society APRA AMCOS posted record income for the 2021-22 financial year, with gross revenue of A$616.5 million (€395m), a 21.6% increase on the previous year’s A$506.9m.

Net distributable revenue also increased by more than 20% to A$534.3m, exceeding the half-billion mark for the first time and beating 2020-21’s A$442.6m of royalties earned on behalf of songwriters, publishers, affiliated societies and other rights holders.

Source: APRA AMCOS

"The ...

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