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Collective Management Organisations

SoundExchange collected $1.01bn in 2022 and distributed $9bn since 2003

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2 months ago

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US neighbouring rights society SoundExchange collected for the third consecutive year over $1 billion in 2022 — $1.017bn to be specific, from more than 3,600 digital streaming platforms — and distributed $959m to its 600,000 members, according to the Washington, DC-based company's annual report.

The company has distributed over $9bn since its launch in 2003. "2022 was a remarkable year for the music industry with a resurgent return to live music, historic levels of new music played across a ...

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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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Collective Management Organisations

Canada’s rights society Re:Sound calls for an update to the Copyright Act

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1 day ago

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September 27, 2023

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Re:Sound, the Canadian not-for-profit neighbouring rights licensing company, has called on lawmakers in Ottawa "to take urgent action to update the Copyright Act to meet the realities of the 21st century."

The call was made by Lou Ragagnin, President & CEO of Re:Sound, alongside its members, Canadian artists and industry leaders, ahead of International Music Day on October 1. "We believe that all Canadian music creators deserve a sustainable and thriving industry to make a living," said ...

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Collective Management Organisations

UBC claims victory as Brazilian court finds CIDE tax applied on music royalties sent to rights holders abroad is not justified

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4 days ago

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September 24, 2023

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The Brazilian Superior Court of Justice has affirmed that the CIDE tax applied on music royalties sent abroad is not justified, putting an end to an almost two-decade long legal battle between rights society UBC and the country's Fiscal Authority.

"I would like to point out this remarkable result, a solid confirmation of our commitment and how seriously we take our mandate," said UBC CEO Marcelo Castello Branco in a message to affiliates. UBC said that societies represented by UBC will now b...

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Collective Management Organisations

Brazil’s ECAD reports record collections in 2022, with revenue up 28.3% to R$1.393bn

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5 days ago

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September 23, 2023

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Brazil's rights collection society ECAD has collected a total of R$ 1.393 billion in 2022 (€261.81m), up 28.3% compared to the previous year. For the first time in three years, revenues exceed pre-Covid levels. ECAD's revenues reached R$1.12bn in 2019, followed by a drop to R$905m in 2020.

ECAD is the central office for the licensing of music rights in Brazil, collecting and distributing music rights on behalf of the seven Brazilian PROs — Abramus, Amar, Assim, Sbacem, Sicam, Socinpro and...

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