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Industry News

Learn more about what is going on in the Entertainment Industry.

2024

MAXIMIZING MUSIC CATALOGS: A STRATEGIC SHIFT FOR SUSTAINABLE SUCCESS

It's no secret that people want to invest in music catalogs because it is likely to be a successful return. It is important to understand that an investment in music catalog is usually a long-term investment rather than an immediate return.

Kristin Westcott Grant

4/9/24

WHAT DOES PRIVATE EQUITY MEAN FOR THE MUSIC BUSINESS LONG-TERM?

Investment in music catalogs has become popular in recent years. Investors who own valuable music assets want to release products that display the catalog through creative outlets such as documentaries, Broadway shows, and box sets. Investors are interested in these creative projects which ultimately increases revenue streams for the original artists. 

Robert Levine

3/29/24

TENNESSEE BECOMES FIRST STATE TO PASS AI MUSIC LEGISLATION

The Entertainment Industry continues to discuss the threat AI technology poses to musical works. Tennessee Governor, Bill Lee, announced the Ensuring Likeness Voice and Image Security Act (ELVIS Act) on March 21, 2024, which prohibits the use of unauthorized fake works of the voices of artists and musicians.

GlobalData

March 2024

JOURNEY'S 'DON'T STOP BELIEVIN' ' IS OFFICIALLY THE BIGGEST SONG OF ALL TIME

Journey's biggest hit, "Don't Stop Believin," has been certified 18-times platinum by the RIAA. This has become the rock band's signature song and it continues to be popular decades after it was dropped.

Hugh McIntyre

1/31/24

LIVE NATION HITS BACK AT CLAIMS OF PRICE-GOUGING: ‘TICKETS ARE ACTUALLY PRICED BY ARTISTS AND [SPORTS] TEAMS’

People are blaming Live Nation for the rise in ticket prices while in reality, it is artists and their business team who set the price. Live Nation believes the exponential increase in ticket prices is due to high demand for popular artists and growing trends of purchasing "experience goods."

Mandy Dalugdug

3/6/24

TAYLOR SWIFT AND BEYONCÉ’S CONCERT FILMS ACCOUNT FOR ‘LITERALLY ALL’ OF AMC’S REVENUE GROWTH IN Q4 2023

The Taylor Swift and Beyoncé concert films were reported to make up one-ninth of Q4 domestic industry-wide box office. Taylor Swift's The Eras Tour became the highest-grossing theatrical release of all time after bringing in $261.6MM globally.

Mandy Dalugdug

3/4/24

SONGWRITERS & PUBLISHERS DUE NEARLY $400M AFTER FINAL STREAMING ROYALTY RATE DETERMINATION

Songwriters and music publishers are finally going to receive mechanical and performance royalties from the 2021-2022 period. These creators are able to benefit from an increased royalty rate from the Music Modernization Act of 2018.

Chris Eggertsen

2/23/24

WELCOME TO THE 'HOTEL CALIFORNIA' CASE: THE TRIAL OVER HANDWRITTEN LYRICS TO AN EAGLES CLASSIC

The handwritten lyrics of the 1970s Eagles' rock classic, "Hotel California," is the center of a current criminal trial. Eagles band member and writer of the song, Don Henley is attempting to prevent the defendants from making a profit off of this piece of memorabilia and is requesting that it be returned to the band.

Jennifer Peltz

2/19/24

SUPER BOWL SYNCH REPORT: PUBLISHERS SCORE UP TO $1M PER AD

Super Bowl LVIII had the highest viewership of all time with over 123MM viewers. Since so many people tuned in to Sunday's game, companies were willing to pay a premium price to ensure they had the perfect song featured in their ads. UMPG and Sony both landed 18 sync placements while BMG and Kobalt had five each.

Steve Knopper

2/10/24

‘THE BEST MUSIC MANAGERS WEAR 65 HATS AND ARE EXPERTS IN ALL OF THEM.’

Blaike Ford shares that being a successful manager in Music means you are able to execute various jobs and discern which projects deserve time and involvement. Ford believes it is essential to surround yourself with the right people who are equally as passionate about the Entertainment Industry.

Rhian Jones

2/5/24

GRAMMYS 2024: A GUIDE TO THE WEEK'S HOTTEST PARTIES

It's Grammy Week & everyone in the music industry is getting ready for the most anticipated night of the year. Some of the biggest names in the business have been celebrating all week and will continue to honor music artists for their accomplishments all the way to the Red Carpet this Sunday night! Be sure to watch the 66th Annual Grammy Awards on February 4th!

Thania Garcia

1/29/24

SHOULD PHOTOGRAPHERS AND RIGHTSHOLDERS GET PAID WHEN TATTOO ARTISTS INK PICTURES OF MUSIC ICONS?

This past week, photographer Miles Davis took tattoo artist Kat Von D to court. The photographer claims that Von D's tattoo art of his famous 1989 photo violated his copyright. A ruling that favors Miles Davis could open the door for other artists to go to court for copyright issues related to tattoo art.

Music Business World

1/24/24

THE MUSIC INDUSTRY IS LEARNING HOLLYWOOD’S LESSONS ABOUT THE POWER OF FRANCHISES

The success of nostalgic movies and TV shows demonstrates people's desire for familiar brands. In the same way, music artists should also continue to expand their branding efforts in order to continue their long lasting legacy for years to come.

Music Business World

1/18/24

BETTER KNOW YOUR NEIGHBORING RIGHTS - A SIMPLE GUIDE TO A CONFUSING INCOME STREAM

Songwriters receive public performance royalties through Performing Rights Organizations while recording artists have the same opportunity through something called Neighboring Rights. Neighboring Rights Organizations such as Premier and Downtown allow recording artists access to a royalty stream that is generated when their song is publicly performed or broadcasted.

W. Joseph Anderson, Suna Izgi, & Alex Spring

1/11/24

'STEAMBOAT WILLIE' HORROR FILM ANNOUNCED AS MICKEY MOUSE ENTERS PUBLIC DOMAIN

Mickey Mouse has officially entered the Public Domain meaning anyone is able to use the character for whatever they want. Steven LaMorte is directing a horror-comedy based on the original version of this beloved Disney character, set to be released in March.

Gene Maddaus

1/2/24

2023

3 OBSERVATIONS ON… THE SALE OF BMI (AND GOOGLE’S ENTRANCE INTO MUSIC RIGHTS MANAGEMENT)

BMI has finally been sold and there is controversy in its new ownership (Alphabet/Google), the payout to songwriters and publishers, and how broadcasters are profiting from the sale.

Daniel Tencer

11/28/23

AS HOLLYWOOD STARTS BACK UP, SO TOO DO MUSIC SUPERVISION & THE SYNCH BUSINESS 

The Hollywood Actor's and Writer's strikes are finally over...now what? After an abrupt halt in the creation of new TV and film projects, experts in the industry expect the music licensing business to flatten for a while before returning to its previous rapid growth.

Steve Knopper

11/14/23

GLOBAL VALUE OF MUSIC COPYRIGHT CLIMBED TO $41.5B IN 2022

As the music industry continues to grow, music copyrights have increase in value. Looking back at revenue from 2022, industry specialists see a monetary increase in both master and publishing copyrights. These numbers are expected to escalate as the industry continues to flourish.

Glenn Peoples

11/06/23

HOW MUCH IS 'MONSTER MASH' WORTH?

Bobby "Boris" Pickett's "Monster Mash" was released in 1962 on Gary S. Paxton's independent label, Garpax Records. Decades after its initial success, the song is being licensed in commercials, used for Halloween merchandise, and streamed millions of times during the month of October. "Monster Mash" is a prime example of why it is important for older recording artists and publishers to take advantage of their unique catalog of music years after they first publish it.

Steve Knopper

10/31/23

WHAT DROVE THE RECORD-BREAKING REVENUE FOR RIGHTS IN 2022

As 2023 comes to a close, the music industry evaluates music rights collection trends in the past years. From 2021 to 2022 the music industry experienced a historic high of a 28% increase in growth due to a rise in digital royalty streams. Rights management organizations are thriving and hope that this upward trend continues as we come to the end of 2023.

Frank DiGiacomo

10/27/23

MAJOR RECORD COMPANIES ISSUE STATEMENTS CONDEMNING TERRORIST ATTACKS IN ISRAEL

In response to the tragic event that took place in Israel, major recording companies have issued statements standing with those who have been affected by the violent acts. Music has always been a resource to bring people together, and organizations from the music industry want to continue to support people who are facing hardship around the globe by advocating for peace, unity, and kindness. 

Tim Ingham

10/13/23

RIGHTS REVERSIONS COULD STOKE THE CATALOG INVESTMENT MARKET - BUT ARTISTS FACE HURDLES

Thanks to the Copyright Act of 1976, musicians, songwriters and other creators have a second chance to recapture the copyrights to compositions and sound recordings, in the United States. Applying these rights, creators might sell their valuable assets to those who invest in music catalogs.

Elizabeth Dilts Marshall

8/10/23

SIMON COWELL LAUNCHES SYCO PUBLISHING WITH UNIVERSAL MUSIC

Simon Cowell began his legendary career in music publishing and now joins forces with one of the leading publishers in the world. Syco Publishing is proud to represent talented songwriters such as Camila Cabello, James Arthur, Grace Vander Waal and Fifth Harmony.

Lars Brandle

8/10/23

THE LIVE MUSIC ARCHIVE LETS YOU STREAM/DOWNLOAD MORE THAN 250,000 CONCERT RECORDINGS - FOR FREE

Live Music Archive allows fans to listen, stream or download a collection of recorded live shows. Music lovers are able to access their favorite live shows from the Grateful Dead, Rusted Root, and many others.

Colin Marshall

8/2/23

TIKTOK LAUNCHES GLOBAL ‘ELEVATE’ RISING ARTISTS PROGRAM TO ‘IDENTIFY THE NEXT WAVE OF EMERGING STARS’

Live Music Archive allows fans to listen, stream or download a collection of recorded live shows. Music lovers are able to access their favorite live shows from the Grateful Dead, Rusted Root, and many others.

Colin Marshall

8/2/23

HIPGNOSIS SONGS FUND MAY SOON SELL SOME COPYRIGHTS. WHY – AND WHO MIGHT BE THE BUYER?

At a time where the world is recovering from a global pandemic, Europe is battling its longest war in almost 80 years, and both inflation and interest rates keep rising, Hipgnosis Songs Fund (HSF) has reported a valuation problem due to investors seeking out "risk-free" investments when exposed to new types of assets. The biggest shareholders of this intellectual property investment and song management company are creating plans to improve its public valuation.

Tim Ingham

7/13/23

MUSIC INDUSTRY ON 'CUSP' OF SWEEPING CHANGES AS REVENUE GROWTH SLOWS, SAYS GOLDMAN SACHS

Goldman researches have evaluated the negative effects of outdated streaming service royalty payouts. In order to avoid the revenue growth from slowing, AI technology has the potential to lower barriers for artists, improve creative potential, and increase productivity.

Elizabeth Dilts Marshall

6/28/23

HOW'S THE MUSIC MODERNIZATION ACT WORKING? CONGRESS GIVES LANDMARK LEGISLATION 5-YEAR REVIEW

The Music Modernization Act (MMA) was passed in 2018 in order to modernize copyright-related issues for music professionals due to new forms of technology. This article shares how the MMA has made a positive impact on people in the industry over the past 5 years.

Kristen Robinson

6/27/23

MOTOWN ENTERS THE METAVERSE WITH SECOND LIFE

Motown, founded in Detroit in 1959 and credited for launching several iconic singers and songwriters, is opening a landmark opportunity for its artists. The metaverse allows artists to expand their audiences in a new and innovative way. Once again, Motown is pushing the boundaries of what is possible for the music industry.

Lars Brandle

6/20/23

U.S. MUSIC PUBLISHING REVENUE GREW 19% TO $5.6B LAST YEAR

NMPA President/CEO David Israelite states that mechanical streaming royalties are up 27% so far this year compared to last year. There are multiple reasons for this surge, including an increased royalty rate from streaming services and rising rates of their subscription prices. This is a win for songwriters and publishers as it continues to improve their revenue stream.

Kristen Robinson

6/13/23

MUSIC FINANCING STARTUP DUETTI IS TRYING TO MAKE IT EASIER FOR INDIE ARTISTS TO SELL THEIR CATALOGS

Duetti has seen a need to assist independent artists who are trying to monetize their catalogs in exchange for up-front liquidity. Co-founders Lior Tibon and Christopher Nolte purchased assets of various indie artists with a strategy to invest in digital marketing efforts to make a profit for future investors.

Dan Rys

6/5/23

JUSTIN TRANTER'S FACET RECORDS OFFERS MASTER POINTS TO SONGWRITERS ON EVERY RELEASE

For the first time ever, Facet Records has created a standard for gifting writers a cut on the master side. Label owner Justin Tranter highlights that record labels have been taking advantage of their artists for years and hopes to inspire others to give songwriters a better royalty stream for their creative works.

Kristen Robinson

5/31/23

SONTWRITERS' STREAMING ROYALTIES HAVE BEEN DETERMINED (FINALLY)

The Copyright Royalty Board has finally granted Songwriters the 15.1% headline rate that they requested back in 2018. This is a step in the right direction for songwriters as they now have some more certainty in the rates they will be paid by streaming services.

Kristen Robinson

5/24/23

SUPREME COURT RULES AGAINST WARHOL FOUNDATION IN COPYRIGHT FIGHT OVER PRINCE IMAGES

This week the Supreme Court took an extra step in protecting artists' original works. The decision further defines the courts responsibility of deeming a new work as "transformative' compared to an existing one.

Lawrence Hurley

5/18/23

COMEDY ROCK BAND USE 28 SONGS TO PROVE HOW 'EVERY POP SONG' USES THE SAME FOUR CHORDS

The recent lawsuit against Ed Sheeran's song "Thinking Out Loud" has increased both artist and listener's understanding of music composition copyrights. Australian comedy group, Axis Of Awesome created a funny skit to highlight a common musical structure that is used in many popular songs.

Tod Perry

5/5/23

THE ROCK & ROLL HALL OF FAME REVEALS CLASS OF 2023

Seven performers are nominated for the Rock & Roll Hall of Fame, including four who are gaining entrance on their first nomination.

Joe Lynch

5/3/23

EVERYTHING IS INTERPOLATED: INSIDE MUSIC'S NOSTALGIA-INDUSTRIAL COMPLEX

Those involved in the music industry have a desire to own music publishing now more than ever. Old music catalogs are becoming highly sought out as newer artists are emerging by refashioning previous Top 40 Hits.

Jayson Greene

4/27/23

VENUES NEED TO STOP SHAKING DOWN ARTISTS FOR EVERY LAST DOLLAR 

Service fees and venue cuts on merchandise sales make it difficult for independent artists to make a profit from live touring.

Ari Herstand

4/18/23

MUSIC SUPERVISORS BRACE FOR IMPACT OF POTENTIAL HOLLYWOOD WRITERS STRIKE

A writers strike could cause major problems for music supervisors. Since music supervisors are largely a freelance group, they would not receive contractural benefits the way actors, directors, music editors and other unionized professionals do.

Steve Knopper

4/12/23

SHOULD MUSIC ROYALTIES BE STRIKING A CHORD WITH FAMILY OFFICE INVESTORS?

Investing in music royalties is a unique alternative to what people consider a typical investment. Once you decide to invest in music royalties, you have to choose if you want to invest in a company, intellectual property, or ownership of a music catalogue.

Francois Botha

4/3/23

BMI WINS RATE COURT RULING TO GET SONGWRITERS PAID 138% MORE FROM LIVE EVENTS

It is important that songwriters receive the royalties they deserve. BMI's fight for live event royalties helps the company achieve its mission of advocating for their clients' rights.

Ed Christman

3/28/23

METAVERSE BRINGS NEW PROBLEMS AND OPPORTUNITIES TO MUSIC LICENSING

The Metaverse has allowed musicians to reach new audiences beyond the physical world. With this opportunity also comes difficulty and complexity when it comes to licensing their musical works.

Victoria Kennedy

3/22/23

METALLICA ACQUIRES FURNACE, ONE OF AMERICA'S LARGEST VINYL-MANUFACTURING COMPANIES

Metallica's business acquisition could not have come at a better time, because 2022's vinyl sales outsold CDs for the first time since 1987.

Jem Aswad

3/14/23

APPLE'S MONEY AND SNOOP DOGG'S SONGS BACK THIS $1 BILLION MUSIC STARTUP

Learn more about how Larry Jackson's company is different than the traditional record label.

Lucas Shaw

3/14/23

AFTER WINNIE THE POOH, THESE OTHER CHARACTERS WILL SOON ENTER THE PUBLIC DOMAIN

Learn more about the life of a copyright and what it means for the entertainment companies who have made billions off of some of well known and lovable characters over the years.

Michael Grothaus

2/21/23

IF MICHAEL JACKSON'S ESTATE EARNS $75M A YEAR, WHAT'S IT WORTH?

How do you calculate the value of an estate? What can you do to exploit current assets so they can reach to their full potential?

Ed Christman

2/21/23

SIX MARKETING LESSONS FROM THE MUSIC INDUSTRY

Musicians push the boundaries of innovation when connecting with fans.

Dillon Nugent

2/9/23

20 ARTISTS WHO MADE HISTORY AT THE 2023 GRAMMYS OTHER THAN BEYONCÉ: TAYLOR SWIFT, KIM PETRAS, VIOLA DAVIS & MORE

Beyoncé takes the title for the artist with the most Grammys of all time. Other Grammy winners join her in celebrating their achievements. 

Taylor Weatherby

2/6/23

THE BILLBOARD 2023 POWER 100 LIST REVEALED

Billboard released their annual list of the music industry’s top players and reflects on a year of change and competition.

Frank DiGiacomo

2/2/23

2021

THE MAJOR MUSIC COMPANIES NOW TURN OVER $2.5M EVERY HOUR AND WILL GENERATE MORE THAN $20BN BETWEEN THEM THIS YEAR

Tim Ingham

8/10/21

CNY NATIVE JOE BONAMASSA AUCTIONING OFF 'GAME-CHANGING' NFT FOR $350,000

Geoff Herbert

7/13/21

WHY NFT SALES IN THE MUSIC BUSINESS ARE STILL THE WILD WEST - AND HOW IT MIGHT BE TAMED

Kristin Robinson

5/12/21

NFT SALES TOP $2 BILLION IN FIRST QUARTER, WITH TWICE AS MANY BUYERS AS SELLERS

Robert Frank

4/13/21

HOW FUTURE PROOF IS THE CURRENT EVALUATION OF MUSIC COPYRIGHTS?

Music Business Worldwide

8/4/21

HOW TO LEGALLY CLEAR SAMPLES TO COPYRIGHTED MUSIC

Chris Robley

7/10/21

HARRY FOX AGENCY CAN'T DODGE LAWSUIT FROM EMINEM'S PUBLISHER

Eriq Gardner

4/22/21

GUILD OF MUSIC SUPERVISORS HONOREE MAUREEN CROWE SOUNDS OFF ON IMPORTANCE OF HER PROFESSION AMID A CHANGING INDUSTRY

Steve Chagollan

4/9/21

OVER 66% OF ALL MUSIC LISTENING IN THE US IS NOW OF CATALOG RECORDS, RATHER THAN NEW RELEASES

Tim Ingham

7/13/21

A TRIBE CALLED QUEST SAY NFT OF ROYALTIES SOLD WITHOUT THEIR BLESSING

Tom Breihan

7/6/21

A CURE FOR COPYRIGHT ILLS? NFTS PROMISE TO EMPOWER CREATIVE ECONOMIES

Kirill Bryanov

2021

10 MUSIC SUPERVISORS TO WATCH IN 2021

Lily Moayeri

4/9/21

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