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Collective Management Organisations

Investors led by New Mountain Capital acquire US rights society BMI

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Investment firm New Mountain Capital is leading a group of investors to acquire US rights society Broadcast Music, Inc. (BMI). Terms of the deal were not disclosed. The transaction is expected to close in the first quarter of 2024, "subject to approval by BMI shareholders and customary regulatory approvals." New Mountain said it will acquire the company from current BMI's shareholders who own BMI today — BMI was created in 1939 by a group of broadcasters. As part of New Mountain’s investment, 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).

Collective Management Organisations

PRS for Music files lawsuit against Valve Corporation’s gaming platform Steam

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British rights society PRS for Music has launched legal proceedings on March 4 against Valve Corporation, the parent company of Steam, for the unlicensed use of copyrighted repertoire from PRS by the gaming platform. "Since its launch in 2003, Valve has never obtained a license for its use of the rights managed by PRS on behalf of songwriters, composers, and music publishers," said PRS for Music in a statement, to explain the reason behind the proceedings. Steam, which brands itself as the ulti...

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Collective Management Organisations

SIAE’s collections exceeded €1bn in 2025

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Matteo Fedeli, the CEO of SIAE, has disclosed that the Italian rights society has collected over €1 billion in 2025, a record for the Rome-based collective management organisation. Over €849m was distributed to authors and publishers, compared to €740m the previous year. In 2022, SIAE collected €792m. Over the past year, SIAE renewed agreements with Meta, Spotify, YouTube, TikTok, Google, and Netflix. These deals do not simply cover the value of licenses, but also include provisions on data tra...

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Collective Management Organisations

PRS for Music CEO Andrea Czapary Martin will step down at the end of 2026

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Andrea Czapary Martin, who has served as CEO of British music rights society PRS for Music since June 2019, will be stepping down at the end of 2026. PRS said the decision to step down was reached in agreement with the PRS Members’ Council, and is intended “to allow for the best possible leadership transition for PRS and ensure the society continues to deliver for its members.” 

In 2021, Czapary Martin set the goal for PRS for Music to pay out more than a billion pounds of royalties whil...

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