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Creative Industries

Quotes of the week — Week 33, 2022

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$494.7 billion That's the end-user spending on public cloud services in 2022, up 20.4% compared to the year before, according to estimates from Gartner, Inc. Software as a service (SaaS) remains the largest public cloud services market segment, forecasted to reach $176.6 billion in end-user spending in 2022. Gartner forecasts that cloud services revenues will hit $600bn by 2023. $500 million That's the cumulative box-office revenues of the movie ‘Minions: The Rise of Gru’ outside ...

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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).

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Creative Industries

Kobalt seals a global publishing partnership with India’s Madverse music

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Music publishing company Kobalt has secured a new publishing partnership with India-based independent distribution and services platform Madverse Music. As per the agreement, Kobalt will provide Madverse’s community of songwriters, composers, and producers with global publishing administration, including royalty collection, enhanced metadata accuracy, and expanded sync opportunities across more than 180 territories.

Pictured (l. to r.): Madverse Music's Rohan Nesho Jain and Kobalt's Simon Moor...

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Creative Industries

Atlantic Screen Group raises up to $30m in funding from Corrum Capital

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Atlantic Screen Group (ASG) has secured up to $30 million in funding from private investment firm Corrum Capital. ASG said the investment will enable the London-based company "to continue its strategic acquisition of film and television scores, while also providing additional capital for the acquisition of new music publishing catalogues." “Atlantic Screen Group has built an exceptional track record in acquiring and managing high-quality music and film assets. We’re proud to support their conti...

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Creative Industries

Cutting Edge Group acquires the music catalogue of composer John Paesano

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Cutting Edge Group, an investor in and manager of media music rights, has acquired the music catalogue of composer John Paesano, in a deal that includes scores from franchises such as the 'Maze Runner' trilogy, 'Kingdom of the Planet of the Apes', 'Invincible', and Marvel’s 'Daredevil'. Terms of the agreement were not disclosed. “I've been incredibly fortunate to come up in this business surrounded by great composers, directors, producers, and executives," said Paesano. "I learned the craft by d...

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