The acquisition includes publishing catalogues once owned by Boosey & Hawkes, Rodgers & Hammerstein and the BBC and boosts its production-music library to over 750,000 controlled tracks.
Beggars Group boss Martin Mills champions the rights of songwriters, but the battle is far from over as major labels play hardball for a larger split on royalty income.
Tuesday's FYI included a guest column by Annie Lin discussing the difficulties in identifying song owners in the US as no single comprehensive database of song ownership metadata exists. The same is not true in Canada, however, as CMRRA VP Margaret McGuffin clearly points out.
The task of identifying song owners, serving them a notice, and paying them a nominal fee seems like it should be simple. But it is at scale a byzantine research project.
Superstar Timbaland has extended his relationship with Canadian rights firm ole music publishing. The partnership expands on an earlier co-venture that has produced a number of hits from developing artist and writer stables.
Music licensing is about to become a whole easier for brands, streaming companies and media in the US as Sesac, a boutique rights group backed by private equity, has agreed to buy the Harry Fox Agency, a major clearinghouse of songwriting rights, the two groups. In Canada it's still a game of catch-up.
Disparity in revenue splits between record labels and artist and music publishers and songwriters is a top-line issue that is going to be in the news for months to come. Details from the recent AGM in NYC this week, as well as Billboard's perspective.