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Creative Industries

Six takeaways from IFPI’s global report

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IFPI, the London-based global recorded music trade organisation, unveiled this week the market figures for 2021, and the report card was the best in years, with global revenues increasing by 18.5% year-over-year to $25.9 billion (see story here).

The following analysis of the state of the market is based on comments made by industry executives during a press conference held by the IFPI on March 22.

1 - The growth is global

As opposed to previous years when growth was unevenly sprea...

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Creative Industries

Sony Music Entertainment promotes Angela Lopes to SVP, Strategy and Investments

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Sony Music Entertainment (SME) has promoted Angela Lopes to Senior Vice President, Strategy and Investments. Based in New York, she reports to Kevin Kelleher, Chief Operating Officer and Dennis Kooker, President, Global Digital Business.

The company said the promotion was part of plans to combine its corporate and digital investments, M&A and strategic planning teams. Lopes served most recently as SME's Senior Vice President of Digital Strategy & Investments

Kelleher said, “A...

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Creative Industries

Ralph W. Peer appointed Managing Director of peermusic’s Australian operations

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Ralph W. Peer has been named Managing Director of peermusic Australia. In his new role, he will be expanding his activities to oversee creative and administrative operations for the independent music company in the Australasia region.

peermusic said the appointment marks "an increased focus by the global publishing firm in the region." Based in Sydney, he reports jointly to Kathy Spanberger, peermusic’s President of the region, and to Bill Gorjance, peermusic’s worldwide Chief Financial Offi...

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Collective Management Organisations

The UK’s PPL distributed £14.7 million in international royalties in Q3 2022

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British neighbouring rights society PPL has paid £14.7 million (€16.86) as part of its Q3 2022 distribution of international revenue to more than 33,000 performers and recording rights holders, either as direct members of PPL or indirectly through other collective management organisations (CMOs).

PPL said the quarter’s total is made up of international revenues collected from 73 CMOs around the world, with "significant payments" from CMOs in Belgium, Denmark, France, Germany, Italy, Netherl...

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