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Creative Industries

Main stories — Week 33, 2022

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These are the top stories published this week by Creative Industries News.

LEAD STORIES
NMPA, NSAI and DiMA hail ‘historic’ agreement setting mechanical rates for 2033-2027 at 15.35% of revenue
NAB claims 222 members of the House now support the Local Radio Freedom Act opposing any new performance fee
> Artist Rights Alliance, Copyright Alliance, and CreativeFuture urge Congress to pass the SMART Copyright Act
Sony Music Entertainment sues Triller for ‘massive’ copyright infringement
House music pioneers Larry Heard and Robert Owens win back their recording and publishing copyrights from Trax Records
JASRAC to launch in October 2022 KENDRIX, a new blockchain-based data management system for musical works
RTL Group, BMG and Arvato contributed to Bertelsmann’s good H1 2022 performances
Triller completes ‘substantial’ pre-public financing prior to SEC filing
Deezer’s revenue up 12.1% in H1 2022 despite a slight decrease in subscribers

BRIEF NEWS
– Taylor Swift sued by US author and poet Teresa La Dart for copyright infringement
– Paramount files motion to dismiss in ‘Top Gun: Maverick’ copyright infringement case
– Downtown’s found.ee adds pre-save function for Amazon Music
– The Mechanical Licensing Collective has launched a new Student Ambassador programme
– NetEase Cloud Music has signed a licensing agreement with Beijing Longtao Entertainment Culture
– Tracklib now offers more songs for sampling without increasing prices
– Licensing platform Soundstripe secures $9m in Series B funding round
– Audiomack launches Premiere Access allowing artists to pre-release (and monetise) new music to their superfans

DEALS
– Francisco Partners in talks to acquire Kobalt Music Group — report
Sony Group acquires mobile games company Savage Game Studios
– Guesstimate, Magic Records and sanah set up new publishing company in Poland
– Daphne Willis signs global publishing deal with Position Music
– Caroline van der Leeuw signs a global services deal with Cooking Vinyl
– 

IN THE NEWS
– Leadership changes at Exactuals with President/COO Bryan Walley promoted to CEO and Mike Hurst becoming Chairman
– Mary Ellen Coe to replace Robert Kyncl as YouTube’s Chief Business Officer
 Hipgnosis Song Management taps Ben Katovsky as President and COO
– Audiomack promotes Jason Johnson to SVP of Marketing & Brand Strategy
– Raoul Chatterjee is leaving SoundCloud

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)
– Paul Pacifico (AIM)
Spek (PopArabia)
– Merk Mercuriadis (Hipgnosis) (Part 1)
– Merk Mercuriadis (Hipgnosis) (Part 2)

OPINION
In case you missed it, Creative Industries News published recent opinion pieces from:
– Susan Cotchin (Good Neighbour Rights): ‘Australia’s decision to limit the application of Art. 15 of WIPO’s WPPT has impacted Australian artists in a big way’
– Helen Smith (IMPALA): ‘We don’t believe equitable remuneration is equitable at all’
– Jonathan Reichman and Jeremy King (Hunton Andrews Kurth): ‘Warhol Foundation v. Goldsmith is an opportunity for US Supreme Court to clarify fair use’
– Kevin Casini: ‘Stakeholders need to take a long-term view with the Copyright Royalty Board’s rate-setting proceedings’
– Barry Scannell (IMRO): ‘Royalty-based NFTs have limited fungibility’

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

Universal Music Group takes a majority stake in Nigeria’s label Mavin Global

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Universal Music Group (UMG) has taken a majority share in Mavin Global, an independent music company from Nigeria. Terms of the agreement were not disclosed.

The deal, which remains subject to regulatory approval, is expected to close by the end of Q3 2024. The Lagos, Nigeria-based label was founded in 2012 by artist, producer, music executive and entrepreneur Michael Collins Ajereh (aka Don Jazzy), and many of the continent's Afrobeats artists.

Mavin's Don Jazzy

UNG said that Mavin wi...

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Disney and Reliance sign agreement to merge their media operations in India

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The Walt Disney Co. and Reliance Industries Ltd. will be merging their media operations in India. The two companies have signed a binding agreement, which will see Reliance's media unit and its affiliates will own at least 61% of the combined entity, according to a Bloomberg report.

According to the report, the stake split could still change depending "on how Disney’s other local assets are factored in by the time the deal is closed." The report also suggests Reliance — controlled by billion...

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Warner Music Group signs global recording deal with Bollywood artist Nora Fatehi

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Warner Music Group has signed Bollywood singer, dancer, and actress Nora Fatehi to an agreement to promote her global music career, working with teams in the US and across the world.

The deal is Fatehi's first agreement with a major global record company. She will remain signed to T-Series, the Indian music label and movie studio, for her Bollywood projects. Her recordings will be promoted globally through the WMG network of companies. WMG is focused on "expanding her fanbase through a range...

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