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Creative Industries

Main Stories — Week 21, 2022

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These are the main stories published by Creative Industries News in the previous week.

LEAD STORIES
Hong Kong’s new Copyright (Amendment) Bill 2022 to be discussed by the Legislative Council on June 8
IFPI and UAE sign ‘landmark’ MoU to support the continuing growth of the UAE’s recorded music business
GEMA CEO Harald Heker calls for a better remuneration from streaming services
France’s SCAM signs a licensing agreement with Meta covering all platforms
PRS for Music welcomes new elected Council representatives — MMF highlights a ‘disappointing’ lack of diversity
Takeaways from CISAC’s Annual Report 2022: Ukraine, data, priorities, lobbying
Sony Music will expand its Legacy Unrecouped Balance Programme — Rob Stringer
Matt PincusMUSIC has a $200 million war chest to invest in music businesses
NetEase Cloud Music posted revenues up 38.6% to RMB2.1 billion during Q1 2022
Slip.stream has raised $7.5m in a Series A financing round with contributions from Sony Music Entertainment and Third Prime
TikTok launches the beta version of a livestreaming service for creators with monetisation options

BRIEF NEWS
– Vladimir Putin has signed an executive order that will authorise Russian organisations to remunerate copyright holders in rubles
– Music Publishers Canada has urged parliamentarians to “quickly pass” Bill C-11
– Greek MEP Alexis Georgoulis is calling for an ambitious European policy to support creators
– Beatport has acquired LabelRadar
– iQiyi has posted revenues of RMB7.3 billion ($1.1bn) during the first quarter of 2022
– SACD and YouTube renew their licensing agreement for four additional years
– Leonine Studios acquires Berlin-based TV production company Hyperbole Medien
– Voicy secures €1.2m in pre-Seed round

DEALS
– Hipgnosis and Blackstone acquire the song catalogue of Justin Timberlake
– Sun Records makes catalogue available on Tracklib to be cleared and sampled
– Live Nation signs partnership with UMG’s Astralwerks and Capitol Records China for Chinese EDM label Fabled Records
– Universal Music Group‘s Astralwerks and Capitol Records China (CRC) have signed a licensing and distribution agreement for Live Nation’s Fabled Records
– Sony Music Publishing Nashville has signed Black River Publishing to a worldwide publishing administration deal

IN THE NEWS
– Chris Butler has stepped down from the Board of PRS for Music
– Jason Allen has been promoted to the role of Senior Director of Infrastructure Operations at Tunecore
– S10 Entertainment has promoted and appointed four key executives
– Genneah Turner has been appointed General Manager of the Featured Artists Coalition (FAC)
– Tomas Filip was named Managing Director of Universal Music Czech Republic
– Warner Music Group has appointed Mariah Mochiach as the General Manager of Warner Music Israel

INTERVIEWS

In case you missed it, Creative Industries News published recent Q&As with:
– Bruno Guez (Revelator)
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

Musical chairs — Week 5, 2023

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GLOBAL

BMG's Thomas Coesfeld

German entertainment and media group Bertelsmann has picked Thomas Coesfeld to succeed Hartwig Masuch as CEO of music division BMG, effective January 1, 2024. Coesfeld has served as CFO of BMG since April 2021. The change in leadership is part of “a long-term succession plan,” according to Bertelsmann. Masuch will remain associated with Bertelsmann in an advisory capacity. Coesfeld will also take a seat on the Bertelsmann Group Management Committee (GMC), whic...

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Creative Industries

Music deals — Week 5, 2023

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Here's a list of the week's most important deals:

Hipgnosis Song Management has acquired various rights from the song catalogue from TMS, the British songwriting and record production team consisting of Tom ‘Froe’ Barnes, Benjamin Kohn and Pete ‘Merf’ Kelleher. Hipgnosis has acquired a 100% interest in publishing copyrights — including the writer’s share of performance —, producer royalty streams and neighbouring rights for 217 songs in the TMS catalogue. Terms of the agreement were not ...

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Creative Industries

Key figures — Week 5, 2023

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52 billion

That's the number of cumulative minutes US subscribers to Netflix spent watching the show 'Stranger Things' in 2022, making it the most watched streaming show of the year, according to Nielsen. The second most viewed show was 'Ozark', also on Netflix, with 31.3 billion minutes. In the top 15 most watched shows, only two were not from Netflix — 'The Boys' and 'The Ring of Power' on Amazon Prime.  

3.75 billion

That's the total number of people in the world who were using a so...

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