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Creative Industries

Main stories — Week 9, 2023

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These are the main stories published in the past week by Creative Industries News:

LEAD STORY
>British government’s report on the impact of recommendation algorithms draws no conclusive determination of unfair bias

COPYRIGHT & REGULATION
> US community broadcasters show support for the American Music Fairness Act
Live Nation pushes for a fair ticketing act
HITS Act gets reintroduced in Congress
Egyptian authorities shut down the largest digital piracy ring in the MENA region
US Copyright Office seeks comments regarding fees for late royalty payments
Google’s decision to prevent some Canadian users to access news content was ‘a terrible mistake’ said PM Justin Trudeau
Barbados becomes the 114th country to accedes to WIPO’s Marrakesh Treaty

LITIGATION
> PopArabia and Reservoir sue Anghami
The Authors Guild welcomes ‘key concessions’ in legal settlement with publisher Authors’ Place Press

CMOs & LICENSING
> CISAC DG Gadi Oron hails ‘progress’ made by Greek music rights society Autodia
PRS for Music’s new classical music rates for public performances kick in on September 1
Gaming metaverse start-up Styngr signs licensing deal covering ICE Core repertoire
Microsoft strikes deal with Nvidia to bring ‘Call of Duty’ to the platform for 10 years

DATA
Jaxsta acquires social network Vampr
Amuse launches new Music Insights service
Audible Magic CEO Vance Ikezoye steps down after 23 years in the job

CREATIVE INDUSTRIES
Lyric Capital Group receives $410m in commitments for its second funding round
Taylor Swift receives IFPI’s 2022 Global Recording Artist of the Year Award
> The New York Times had 9.6 million paid subscribers at the end of 2022
HYBE’s revenue grew to €1.28 billion in 2022, a 46% increase year-on-year
Live Nation revenue went up 44% in 2022 compared to 2019, before the pandemic

DIGITAL ECONOMY
Susan Wojcicki steps down as YouTube CEO; Neal Mohan to lead the platform
Spotify launches personalised AI guide DJ
Worldwide SVoD revenues to exceed $128 billion by 2028, up 25% on 2022
Audius users can now sign up with TikTok
Kids aged 4-18 around the world spend more time on TikTok than on YouTube
Communications Workers of America supports the Microsoft-Activision merger
Warner Bros Discovery’s subscribers base grew to 96.1 million worldwide in 2022
– TikTok rolls out its Creativity Program

DEALS
– Fish People picks The state51 Conspiracy for the physical and digital distribution of Kate Bush’s recording catalogue
– BMG secures deal to represent George Harrison’s solo recorded works and unites it with his music publishing catalogue
– Reservoir Media acquires Sonny Rollins’ publishing and recorded rights
– Rocking Gorillas sign Jon and Sally Tiven to a global publishing administration deal
– peermusic signs The StereotypesJonathan Yip and Jeremy Reeves to a global publishing administration deal
– Brad Paisley signs a recording deal with Universal Music Group Nashville
– Warner Chappell Music Korea signs global publishing agreement with production and publishing company MZMC Inc. Korea Co.
– BMG signs Loveless to a recording deal

IN THE NEWS
– Thomas Lee, who served 17 years on the board of Warner Music Group, dies aged 78
– The BPI appoints Ukie’s Jo Twist as its new Chief Executive, effective in July
– Concord promotes 12 staffers to VP and SVP positions across various business areas
– ADA Worldwide appoints Cathy Bauer as Head of Physical Sales & Marketing
– Rob Brown appointed Chief Operating Officer of MPRS Global
– Jewel joins mental health platform Innerworld as co-Founder and Chief Strategy Officer
– Wise Music Group has appointed Marcus Wise as Chief Executive Officer for the European region
– British indie publisher Minds on Fire appoints Tom Currie as A&R Manager

INTERVIEWS
In case you missed it, Creative Industries News published recent Q&As with:
David Israelite (NMPA): ‘The rate setting system is broken and needs to be reformed’
– Robert Singerman (LyricFind/BELEM project)
– 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:
– Jeff Liebenson (IAEL): ‘Music in the Metaverse — Negotiating Key Issues’
– David Lowery: ‘Why windowing releases works for me’
– Chola Makgamathe (SAMRO): South Africa needs a comprehensive, multifaceted strategy to curb the economic impact of piracy
– 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 acquires a minority stake in Chord from KKR for $240 million

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Universal Music Group (UMG), in partnership with Dundee Partners, will acquire a 25.8% share in Chord Music Partners for $240 million (€223m), in a deal that values Chord at $1.85 billion.

Chord was formed in 2021 by investment fund KKR and Dundee Partners, the investment office of the Hendel family, to acquire catalogues of music intellectual property (IP). The bulk of Chord's catalogue comes from the acquisition in 2021 of songs previously administered by Kobalt Capital for $1.1 billion.
...

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Copyright & Regulation

Thai police closes torrent site Siambit.me

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The Royal Thai Police’s Economic Crimes Department (ECD) has shut down the site Siambit.me, believed to be the largest torrent tracker site in Thailand. The action was supported by global anti-piracy organisation the Alliance for Creativity and Entertainment (ACE).

The police raided four locations in Bangkok, Surin Province and Surat Thani, taking four Thai nationals into custody. The unnamed individuals are expected to be formally charged with copyright offenses "in the coming days," accor...

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Creative Industries

Primary Wave Music partners with Jonathan and Anthony Belolo to develop the Village People’s brand, recordings and publishing

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Music assets and publishing company Primary Wave Music has signed a partnership agreement with Jonathan and Anthony Belolo, the heirs of Henri Belolo, the business partner of music producer Jacques Morali, who together launched the career of disco band Village People in the 1970s through their company Can’t Stop Productions/Scorpio Music.

Terms of the deal will see Primary Wave, in connection with the Belolos, develop Village People's brand, the group’s master recordings and publishing asse...

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