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Creative Industries

Main stories — Week 16, 2023

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Here’s a list of the main stories published this past week by Creative Industries News:

LEAD STORY
Senator Bargeton advises France’s government to introduce a 1.75% tax on DSPs to finance the National Music Center
Analysis: The French proposal to tax DSPs to subsidise creation opens a debate about DSPs’ contributions but misses the target

COPYRIGHT & REGULATION
The UK’s competition authority CMA rejects Microsoft’s merger with Activision Blizzard
European Commissioner Thierry Breton rolls out the next steps for EU’s legislation applied to digital platforms
Italy’s competition authority AGCM orders Meta to resume negotiations with SIAE
Spotify’s Daniel Ek urges Congress to pass the Open App Markets Act

LITIGATION
Members of The Gap Band withdraw their legal case over unpaid royalties against BMG
Stability AI, Midjourney, and DeviantArt file motions to dismiss in AI-related case

CMOs & LICENSING
PRS for Music reports record revenues of £964 million in 2022, up 22.9% over 2021
Indian organisations representing owners of sound recordings and performers sign ‘historic agreement’ on music rights
Motion Picture Licensing Corporation and the Association of Lodging Professionals ink partnership on educational outreach
Live365 seals blanket licensing agreement for Global Music Rights’ repertoire

DATA
> SoundExchange signs partnership with Music Story to improve metadata accuracy
> PRS for Music partners with Orfium to develop its footprint in Africa

CREATIVE INDUSTRIES
IMPALA calls for a change in how music streaming revenue is split to address the erosion of the share going to labels
Universal Music Group posted revenues of €2.45bn for Q1 2023, up 11.5% y-o-y
Armada Music has launchedBEAT, a new investment company backed by Pinnacle Financial Partners
Primary Wave Music invests in India’s label and music publisher Times Music
Concord names John Minch to an advocacy role and promotes Jeff Van Driel to General Manager of International Operations
BMG to integrate its new release and catalogue recordings businesses

DIGITAL ECONOMY
Spotify added 26 million new users in Q1 2023 to reach 515 million MAUs
Magroove raises $1.6 million from Brazilian venture capital fund DOMO Invest
Deezer posts a 6.5% increase in revenue in Q1 2023 boosted by B2C performance
Livestreaming and fan engagement platform Mandolin shuts down
Deezer’s partnership with Sonos kicks in

DEALS
– AMR Songs signs Ivan Neville to an exclusive, worldwide co-publishing deal
– Reservoir Media and 19 Entertainment set up a new joint venture to sign ‘American Idol’ contestants to publishing deals
– Hipgnosis Song Management has acquired the writer’s share of performance income for all songs written by David Foster
– The Wave Music Group signs long-term distribution deal with Capitol Music Group
– Reach Music Publishing acquires from Gull Entertainments the master and publishing rights of Judas Priest’s first two albums
– Position Music signs Sam Tinnesz to a global publishing agreement
– Concord Music Publishing ANZ has signed Richard Clapton to a new global publishing deal

IN THE NEWS
– IDOL taps Nashville-based Thomas Sharp Maxwell as General Manager, USA
– Sony Music US Latin promotes Miami-based Esteban Geller to General Manager
– ASCAP names Gabriela González as SVP, International Affairs and Latin Membership
– Discogs names Lloyd Starr as COO
– SoundExchange strengthens its management team with Kathleen Strouse, Doug Cohn and Amanda Carmichael
The Orchard promotes Tricia Arnold to EVP, Global Artist/Label Services and Sales
– NBCUniversal CEO Jeff Shell steps down
– Leslie DiPiero named President of Jonas Group Entertainment’s publishing division
 Warner Chappell Music promotes Claire McAuley to EVP Global Rights Management
– Leroy Harris promoted to Head of Marketing at Spotify UK and Ireland
– BMG promotes Heath Johns to President for Australia, New Zealand and SE Asia

INTERVIEW
Andrea C Martin (PRS for Music): ‘Digital has become our number one channel of revenues, surpassing international’

INTERVIEWS
In case you missed it, Creative Industries News published recent Q&As with:
– Matteo Fedeli (SIAE): ‘Some big shots in California have decided how much our repertoire is worth’
– 3 questions to Chris McMurtry (Pex): ‘Apple Music Classical is a game changer’
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:
– Markus Schwarzer (Cyanite): ‘Music making machines — How AI is empowering, not undermining, the music industry’
– 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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