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Creative Industries

Disney narrows losses at streaming service Disney+ as total revenue reaches $23.5bn

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The Walt Disney Company posted revenue of $23.5 billion for its first quarter ending December 30, 2023, stable compared to the same period the previous year, as the entertainment and media company reported operating income of $3.84bn, up 27% compared to the same quarter a year prior.

Revenue dropped 7% to $9.88bn in the Entertainment segment, which includes the company's TV assets such as streaming service Disney+, but were up 4% in sports to $4.83bn and 7% in Experiences at $9.12bn. However...

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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).

Creative Industries

Position Music acquires selected publishing works of French artist Gesaffelstein

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Independent music company Position Music has acquired a portion of the publishing catalogue of French artist, DJ and producer Gesaffelstein, a.k.a. Mike Levy. Terms of the deal were not disclosed.

Gesaffelstein retains his future royalties and is currently signed to Sony Music Publishing and Columbia Records. In the agreement, Position Music will own and administer the publishing rights of Gesaffelstein's catalogue prior to his Sony Music Publishing deal, giving Position Music publishing rig...

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Creative Industries

Kings of Convenience sign with p.r.o. agency for their global neighbouring rights

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German neighbouring rights management agency p.r.o. agency has signed Norwegian duo Kings of Convenience — Erlend Øye and Eirik Glambek Bøe — to a representation agreement for their neighbouring rights, The deal also includes Øye's neighbouring rights as a solo artist.

Erlend Øye and Eirik Glambek Bøe commented: "We are very pleased to be part of p.r.o. agency and to work with their team." p.r.o. agency will now collect on behalf of the band royalties from the use of their sound recordings b...

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Creative Industries

France’s live music organisation PRODISS expands and becomes Ekhoscenes

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French live music organisation PRODISS has changed its name to Ekhoscenes at the start of the year and unveiled a new structure, following the merger of PRODISS with two other organisations representing companies active in the live sector — SNDTP, the national union of private theaters and CAMULC, the union of cabarets and music halls.

The new organisation expands PRODISS' scope to include private theaters and cabarets and "strengthens its position as the leading professional organisation fo...

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