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Music Deals — Week 18, 2022

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NASDAQ-listed music company Reservoir Media has signed producer and songwriter Dan Nakamura, known as Dan the Automator, to a worldwide publishing deal. The new deal — terms of which were not disclosed — includes Nakamura’s catalogue and future works and expands the scope of an existing publishing relationship that has existed between Reservoir and Nakamura since 2012. Nakamura said, “I’m looking forward to continuing and expanding my relationship with Reservoir and I am excited to see what the...

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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).

Creative Industries

France’s indie labels warn of the ‘destructive consequences’ of a possible takeover of Believe by Warner Music Group

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French labels and distributors of regrouped within trade organisation UPFI have "alerted the public authorities of the destructive consequences" of a possible takeover by Warner Music Group of the French music company Believe. Believe is currently the target of a hostile bid recently initiated by the major company.

WMG said it was ready to offer €17 a share for Believe, when the company's management and a group of investors are offering €15. French regulator Autorité Francaise des Marchés (...

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Litigation

Appeals court reverses verdict enjoining Cox Communications to pay record labels $1 billion in copyright infringement case

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The 4th US Circuit Court of Appeals in Richmond, Virginia has overturned an earlier decision condemning Cox Communications to pay $1 billion in damages to a group of record companies after a jury found the cable and internet service provider liable of customers' infringement of over 10,000 songs .

Cox was accused of not taking measures to address piracy on its networks despite multiple requests from rights holders. After a lengthy court case, a jury found in favour of Plaintiffs, over 50 rec...

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Creative Industries

Music deals — Week 7, 2024

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Here are some of the main music deals announced in the past week:

Iconic Artists Group, the music rights company set up by Irving Azoff, has secured a strategic investment from global investment firm HPS Investment Partners (HPS). Iconic’s goal is to deploy up to $1 billion to acquire music assets through HPS financing, together with senior debt financing from third parties. Iconic plans to acquire and manage a diverse portfolio of “legendary artists’ music assets.” “With HPS’ support, Ic...

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