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Creative Industries

Corey Sorrento promoted to VP Investments at Catch Point Rights Partners

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Rights management and music assets investment firm Catch Point Rights Partners has promoted Corey Sorrento to Vice President Investments. He joined Catch Point in 2021 as Investment Associate from media investment banking firm Shot Tower Capital.

Sorrento will continue to report to Catch Point Founders/Partners Richard Conlon, PJ Miklus and Patrick Riordan. Catch Point noted that since he joined the company, Sorrento "worked on acquisition valuations as well as financial operations across th...

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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 music sector divided about a tax on streaming services to finance government-backed organisation CNM

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The French music industry is divided about the ways to fund government-backed Centre National de la Musique (CNM), which provides a wide range of schemes to support the music sector.

One of the avenues explored to guarantee a steady and substantial financing has been a tax on the revenues of music streaming services. However, the tax — which would be in the region of 1.5% of DSPs' revenues — is not met with a consensus from the industry.

Strongly opposing the move is trade body SNEP, whi...

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Creative Industries

Influence Media Partners acquires the recording catalogue of Blake Shelton

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New York-based music and entertainment company Influence Media Partners has invested in the master recordings catalogue of country music singer and songwriter Blake Shelton.

Terms of the deal were not disclosed. The agreement covers all of his commercial releases from 2001 to 2019, during which he accumulated 27 No. 1 singles on Billboard's Country Airplay chart and released f 11 studio LP's, including a Christmas album, and two EPs.

The two parties have also created a joint venture, par...

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Creative Industries

US Supreme Court prepares to hear on Oct. 12 the fair use case involving the Andy Warhol Foundation and Lynn Goldsmith

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The US Supreme Court will hear on 12 October the arguments put forward by the parties involved in the legal case involving photographer Lynn Goldsmith, whose picture of Prince has been used by Andy Warhol for a series of works.

The case is considered as a benchmark for issues such as "fair use" and and the notion of "transformative" art. It has generated an unusually important number of amicus briefs.

The Second Circuit federal appeals court reversed a court decision that initially found...

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