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Main Stories — Week 17, 2022

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LEAD STORIES
Court of Justice of the EU rules Article 17 is compatible with the Charter of Rights
>EU’s creative sector applauds the decision from the CJEU to dismiss Poland’s action against Article 17 of the Copyright Directive
USPTO’s 2022 Special 301 Report identifies recent threats to IP rights
Re:Sound urges Canadian government to make changes to the Copyright Act
Grammys on the Hill brought together entertainment and politics in the US capital for the first time in three years
NetEase Cloud Music sued Tencent Music Entertainment for ‘unfair competition’
DVP, SACEM and CFC sign cooperation agreement on news neighbouring right
Believe renews licensing deals with China’s streaming platforms Tencent Music Entertainment and NetEase Cloud Music
SACEM/SDRM extend partnership with Muserk to manage digital mechanical rights in the USA in a deal that includes The MLC
TuneCore has paid $2.5 billion to indie artists since it launched in 2006
The Weeknd expands business partnership with Universal Music Group
Reliance, Viacom18 and Bodhi Tree Systems to launch a video streaming platform in India
South Korea’s copyright marketplace Musicow raises $79m from Stic Investment
Peacock will count 64.3m US viewers at the end of 2022
Spotify starts the year with 182 million premium subscribers and 422 million MAUs

BRIEF NEWS
– The Mechanical Licensing Collective is accepting suggestions for Publisher candidates to sit on its Board of Directors
– 7digital secured a two-year contract “worth at least £1 million” 
– Amazon Prime Video will double its investment in Prime Video India over the next five years
– ANote Music is planning to list 5% of the Sundance Music jazz catalogue
– Vivendi‘s Q1 revenues were up 7.9% to €2.38 billion
– BandLab has raised another $65 million in a Series B funding round led by Vulcan Capital
– Amazon-owned video streaming service IMDb TV as re-branded as Freevee
– ByteDance has launched the beta version of a music streaming platform named Qishui Yinyue
– Google parent Alphabet reported first-quarter sales rose to $68.01 billion, up 23% from last year
– Amazon posted net sales up 7% to $116.4 billion in the first quarter of 2022
– Apple posted revenues of $92.27 billion in Q1 2022, up 8.6% year-on-year
– Facebook‘s parent company Meta has increased its daily active users by 4% to 1.96 billion during the first quarter of 2022

DEALS
– The Weeknd expands business partnership with Universal Music Group
BMG has acquired a 50% stake in the song interests of Primal Scream
– Sony Music Publishing Nashville has signed singer-songwriter Madeline Edwards to a worldwide publishing agreement
– FUGA has signed a global distribution and marketing services deal with Swedish independent label YEAR0001
– CCS Rights Management has signed a worldwide neighbouring rights deal with Arrested Youth
– Sony Music Publishing UK has signed singer-songwriter Kal Lavelle to a worldwide publishing agreement

IN THE NEWS
– Lynn Gonzalez has been promoted to Executive Vice President, Head of Business Affairs & Business Development, at Def Jam Recordings
– Targa Sahyoun and Nick Steinhardt have been named Senior Vice Presidents of Creative for Capitol Records
– Canadian Musical Reproduction Rights Agency (CMRRA) has announced a series of promotions and hires
– Members of IMPF, the Independent Music Publishers International Forum, have elected their new Executive Board
– Ebba Guhnby has joined B2B distribution company FUGA as Business Development Manager for the Nordic region
– Stephen Lotinga, CEO of the UK’s Publishers Association since 2016, will be leaving the organisation later this year
– Spotify has promoted Safiya Lambie-Knight to the position of Head of Music for the UK and Ireland
– JioSaavn has appointed former Amazon Music India Director Sahas Malhotra as its new CEO
– ByteDance has appointed Julie Gao as its new Chief Financial Officer
– Jacqui Louez-Schoorl is stepping down as CEO of Jaxsta to be replaced by Beth Appleton

INTERVIEWS

In case you missed it, Creative Industries News published recent Q&As with:
Andrea C Martin (PRS for Music)
Cécile Rap-Veber (SACEM)
Molly Neuman (Songtrust)
Jordi Puy (Unison)
Olivier Chastan (Iconoclast)
Ken Umezaki (Verifi)
Spek (PopArabia)

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

Utopia Music-owned Sentric Music Group expands its A&R team in the US

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Royalty management services company Sentric Music Group, part of Swiss-based Utopia Music, has hired four new executives to strengthen its A&R team in the United States — Matt DuFour, Carlos Escalona Cruz, Kebu Commissiong and Lou Plaia.

Sentric said the hires follow the company’s move into North America and its strategy to establish a presence in all the major markets within the territory. All four will report directly to Simon Perry, President of Sentric North America.

Sentric's Ca...

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J.P. Morgan believes Hipgnosis is offering ‘compelling value’ to investors

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Investment bank J.P. Morgan believes that Hipgnosis Songs Fund, the music assets company set up by Merck Mercuriadis, offers "compelling value" for investors.

The assessment of Hipgnosis, identified as SONG by J.P. Morgan, was made through a note to investors following the company's announcement of a dividend for the quarter to 30/6/22. As of July 31, 2022, Hipgnosis owned owns 146 catalogues representing 65,413 songs, with an aggregate value of $2.69 billion, according to the company's late...

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Robert Kyncl’s Warner Music Group CEO job comes with a $2m annual salary, a yearly target bonus of $3m, plus $10m in shares

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Warner Music Group's incoming Chief Executive Officer Robert Kyncl will have a base salary of $2,000,000 and a target annual cash bonus of $3,000,000, among other financial incentives, according to a WMG filing with the Securities and Exchange Commission (SEC).

Kyncl was appointed on September 21 as the new CEO of WMG, taking over from Stephen Cooper, who has been in the position since 2011. Kyncl and Cooper will serve as Co-CEOs of the Company from January 1, 2023 through January 31, 2023....

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