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Creative Industries

Main stories — Week 36, 2022

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Here a list of the main stories published by Creative Industries News in the past week.

LEAD STORY
>Warner Music Group names YouTube’s Robert Kyncl as Chief Executive Officer

COPYRIGHT & REGULATION
European Commission unveils the Media Freedom Act to protect media pluralism and independence in the European Union
The UK’s Association of Photographers opposes the British government’s proposed new Text and Data Mining exceptions
Nigeria President Muhammadu Buhari expected to sign new Copyright Bill

OPINION
Chola Makgamathe (SAMRO): South Africa needs a comprehensive, multifaceted strategy to curb the economic impact of piracy

LITIGATION
Florida judge sides with Sony Music Entertainment on most counts in infringement case against Bang Energy

CMOs & LICENSING
Vietnam’s music rights society Vietnam’s music rights society VCPMC plans to collect $9.7m in 2022 plans to collect $9.7m in 2022
Sony Music pulls out catalogue from Resso

DATA
BMAT acquires Manage Ad Music to provide performance royalty admin services
PIXELYNX partners with Laylo to facilitate creator’s messaging and drops

CREATIVE INDUSTRIES
US recorded music market up 9% to 7.7bn during H1 2021 as streaming growth rate slows down to 10% year-on-year
US book publishing industry generated $29.33 billion in revenues in 2021
French broadcasters TF1 and M6 put an end to their proposed merger
SPPF sets up support system to help small French indie labels cover the payment of minimum advances to performers

DIGITAL ECONOMY
Tencent Music Entertainment started trading Sept. 21 on the Hong Kong Stock Exchange
China will account for half of Asia Pacific 746 million SVoD subscriptions by 2027
Roblox claims 59.9m daily users
Cinedigm launches new streaming service Cineverse

DEALS
– Concord acquires assets from L.A. Reid and Charles Goldstuck’s Hitco Entertainment
– HarbourView Equity Partners acquires Big Loud Mountain Music’s publisher share of select songs from Florida Georgia Line
– Sony Music Publishing Nashville and Droptine Music Publishing sign Dalton Dover to a global publishing agreement
– Big Machine Music has signed Matt Roy to an exclusive co-publishing agreement
– Germany’s Montez extends publishing agreement with BMG and We Publish Music

IN THE NEWS
– PIXELYNX taps visual effects specialist Ed Ulbrich as a strategic partner and advisor
– iHeartMedia promotes Michael Biondo and Uta Knablein to new expanded roles
– ALIBI Music promotes London-based Sam Wale to Director of ALIBI Music Library
– Milk & Honey appoints Milly Petriella as Managing Director for Australasia
– Love H. Whelchel named as Downtown Music Holdings’ first Chief People Officer
– Warner Music UK promotes Charlotte Saxe to SVP, Legal and Business Affairs

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

Musical chairs — Week 46, 2022

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GLOBAL

Reservoir's Rell Lafargue

NASDAQ-listed independent music company Reservoir Media has joined the board of ICMP, the global trade body representing the music publishing industry. Reservoir Media’s President and Chief Operating Officer Rell Lafargue will join the ICMP board, chaired by Universal Music Publishing‘s Jackie Alway. Reservoir was founded in 2007 and represents over 140,000 copyrights and 36,000 master recordings. “ICMP is delighted to welcome Reservoir President and COO R...

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Creative Industries

Music deals — Week 46, 2022

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Here is a list of the main music deals this week:

Universal Music Group (UMG) has acquired a 49% stake in Brussels-based independent music company [PIAS]. Terms of the transaction were not disclosed. The announcement follows the formation of the strategic global alliance between the two companies in June 2021. In a statement, the companies said that under the new agreement [PIAS] will remain “fully independent” and its founders Kenny Gates and Michel Lambot&...

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Creative Industries

Quotes of the week — Week 46, 2022

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"I’ve had a bad month.”By Sam Bankman-Fried, the founder and CEO of bankrupt crypto platform FTX, speaking at the New York Times' DealBook Summit, in his first public appearance since the collapse of his company amid allegations of fund mismanagement.

“The fact that companies have to deliver their apps exclusively from platforms controlled by competitors — there is a conflict of interest there.”By Mark Zuckerberg, founder of Meta, the parent company of Facebook and Instagram, expla...

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