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Creative Industries

Main stories — Week 34, 2022

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

LEAD STORIES
GEMA study shows music creators receive about 22% of streaming net revenues
The UK’s CMA plans to launch an in-depth probe into Microsoft’s $69 billion acquisition of Activision Blizzard
Delhi High Court orders Telegram to disclose details about online infringers
IMPEL seals a strategic partnership with SoundExchange’s SX Works and CMRRA
> SCPP sets up a scheme to help labels pay guaranteed minimum advances to artists
New chapter opens for Kobalt as Francisco Partners takes a controlling stake
> Italy’s recorded music sales were up 18.3% to €153m in the first half of the year
Tencent Holdings becomes Ubisoft Entertainment’s largest shareholder
Mozaic launches a pre-Series A funding round with the goal to raise $5.5 million

BRIEF NEWS
– Japan’s Agency for Cultural Affairs sets up portal to inform creators on online piracy
– MPLC joins the Copyright Society
– Dreame launches campaign to fight digital piracy and copyright infringement
– Apple settles lawsuit with the heirs of songwriters Harold Arlen, Harry Warren and Ray Henderson
– Pokémon Company sues Chinese video games publishers for infringement
– California court dismisses lawsuit filed by Spencer Helden who was featured on the cover of Nirvana’s album ‘Nevermind’
– Kuaishou inks ‘dynamic’ licensing agreement with Warner Chappell Music
– Strange Fruits re-brands as Fruits Music
– TikTok’s parent ByteDance is shelving plans to go public — report
– CT Investments launches the KPOP and Korean Entertainment exchange-traded fund (ETF)

DEALS
– South Korea’s broadcaster MBC signs partnership with metaverse gaming platform The Sandbox
– Lauren Spencer-Smith signs her first global publishing deal with Warner Chappell Music
– Warner Music Mexico and ADA Latin sign Mexican duo Efecto Elegante to an exclusive deal

IN THE NEWS
– Michelle Donelan appointed Culture Secretary in the new UK government
– SABAM names Maud Van de Velde Head of AV, performing & visual arts and literature
– Soundstripe promotes Sourav Nayak to CFO
– lan Willick has joined rights management firm Catch Point Rights Partners as Investment Associate
Damian Christian has been named Chair of the BRIT Committee
– Hélène Larrouturou, has been appointed Managing Director of MEWEM (Mentoring Program for Women Entrepreneurs in Music Industry) France

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

peermusic UK and Max Music Publishing sign The Reytons to a global publishing deal

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peermusic UK has signed British indie band The Reytons to an exclusive, global music publishing deal via a joint venture with Max Music Publishing.

The deal was announced by Nigel Elderton, President, Europe & Managing Director, peermusic UK; Mike Sault, Head of A&R, peermusic UK; Dylan Myerscough-Harris, A&R Manager, peermusic UK; and Max Odell, CEO, Max Music Publishing.

“I am delighted to see a great independent band, on an indie label and published by an independent publi...

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Thomas Coesfeld to replace Hartwig Masuch as CEO of BMG in 2024

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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. Thomas Coesfeld will also take a seat on the Bertelsmann Group Management Committee (GMC), which advises the Group Execu...

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IFPI appoints Sony Music executive Adriana Restrepo as Regional Director for Latin America and the Caribbean

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Adriana Restrepo has been appointed to the role of Regional Director for Latin America and the Caribbean for the International Federation of the Phonographic Industry (IFPI), which represents the global recorded music industry.

From 1st February 2023, she will lead IFPI’s work across the Latin American and Caribbean region "to promote the value of recorded music, expand its commercial uses and campaign for the rights of record producers."

Restrepo reports to IFPI Chief Executive F...

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