Ed Christman
@edchristman
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Retail Trak ending Record Store Day trek at Rough Trade on Sixth Ave., near 49th Street. Store mgr reports the day began there with a 250-strong line; and its still a solid 150-customer line at 2:30PM. Its unanimous: Taylor Swift release brought out throngs for RSD.
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Retail Trak begins Record Store Day at Newbury Comics in Roosevelt Field(LI), where store manager reports 150 people were lined up at 8AM for store opening.
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Rate court judge awards BMI songwriters a rate of 0.5% of concert revenue from promoters—up from an estimated blended rate of 0.21% of revenue—retroactive back to 2017, and an expanded revenue definition.
billboard.com
Songwriters are set to make more money from concerts thanks to a BMI royalty rate increase handed down by a New York judge on Tuesday.
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Here’s a cautionary tale of how fraudsters claimed music rights ownership stakes to siphon off $23 million in royalties due to the rightful artists and songwriters, thanx to extraordinary detecting, reporting and writing by Kristin Robinson: https://t.co/I7QkmtMpvS
billboard.com
Inside the brazen but simple scheme that took royalties from songs by artists like Daddy Yankee, Anuel AA, Julio Iglesias and more.
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In an apparent effort to ruin the holiday weekend by making work for music pub execs, their lawyers and music journos, late Friday afernoon the CRB Judges issued their Phono III rate determination, sticking with the 15.1% of service revenue headline rate:
billboard.com
The Copyright Royalty Board announced a long-awaited determination in the Phonorecords III remand proceeding, favoring songwriters' rates.
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Styles “Harry’s House” topped this week’s Billboard 200 with 521,500 album equivalents. Billboard estimates that activity will ring up $7.26 million for Columbia. Which format—vinyl, streaming et al. delivered the most revenue?:
billboard.com
Harry Styles’ new 'Harry’s House' album earned $7.26 million in the U.S. in its first week, more than half of which came from vinyl sales.
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A look behind the number$ that will drive the deal for Pink Floyd's potential blockbuster sale of the group's recorded master catalog:
billboard.com
Pink Floyd's recorded masters and other rights could bring in one of the richest paydays so far for a music artist selling their catalogs.
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A little help for those who want to have a rockin' Xmas.
billboard.com
This playlist is an excerpt from Ed Christman's yesteryear annual Xman Xmas mixtapes, compiled circa 1986-1988.
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Let the music publishing rate war begin. Music publishers are asking the Copyright Royalty Board for a 32% royalty increase from on-demand music services like Spotify, Apple and Amazon, while decrying the rates proposed by the digital services.
billboard.com
The NMPA asked the Copyright Royalty Board for a 32.4% increase in the headline rate to 20% of a digital service's revenue for the term covering 2023 through 2027.
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Giant equity firms are blowing into the music industry and bringing $ billions in funding to snap up music assets. Here is the latest one: KKR among an investment group seeking to buy Kobalt Music Royalty Fund II. https://t.co/65MRbaKzih
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Here’s how smart music publishing business decisions years ago led to Bob Dylan’s big payday last week: https://t.co/RCby86iyIV
billboard.com
How did Dylan manage to get ownership of so much of his song catalog, which was almost all his by 1990?
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Here’s the financials behind Bob Dylan’s big payday for the sale of his music publishing, but is he getting ready to cash in with other music assets also? https://t.co/ulK611NLDH
billboard.com
After selling his publishing catalog to Universal Music Publishing Group, Bob Dylan could also be looking at a sale of his master recordings in the near future.
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Sources say the DC Appeal's court has vacated part of the Copyright Royalty Board mechanical rate determination that gave songwriters and publishers a 44% rate increase and remanded it back to the CRB due to procedural issues.
billboard.com
Spotify, Amazon, Pandora and YouTube's appeal to a 44% rate hike on payouts to songwriters and publishers is headed back to the Copyright Review Board.
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Covid-19 pandemic beginning to impact performance rights organizations (PROs) collections and songwriter payouts:
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With the Warner Music Group announcing an IPO (initial public offering), the question becomes: what kind of valuation will the company go out the door with? Here are some thoughts on how much WMG could be valued at:
billboard.com
With Warner Music Group's announcement Thursday of plans to go public with an upcoming IPO, now begins a waiting game to see how much of the company will be sold and how the shares will be priced,...
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Will CD and vinyl distribution in the U.S. from the major labels and their distros ever get back to normal, with record stores getting all product orders in a timely consistent manner, with 100% fulfillment? The answer: Not anytime soon.
billboard.com
Amid the distribution misery that has been plaguing brick and mortar retailers -- especially indie store owners -- since April, the industry's veteran supply chain executives suggests there is no...
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Take a look inside the Providence Equity Partners and Warner Music Group's deal to spend $650 million buying music assets:
billboard.com
The who, what, why and more about Warner Music Group, Providence Equity Partners and Influence Media Partners' new $650M investment platform, Tempo Music Investments.
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That music you like is coming back into style, to paraphrase David Lynch. Today, catalog music accounts for 2/3s of the U.S. music business and current, hit music, 1/3 of revenue. In 2004, the reverse ratio was true, hit music, 2/3s; catalog, 1/3:
billboard.com
Streaming services haven't only revived the music industry — they've also reshaped it, changing the focus of A&R and marketing and incentivizing executives to prioritize hip-hop over rock and hot...
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In the age of music streaming, can Taylor Swift's "Lover," out tomorrow, have a million-selling debut week. That industry milestone is still valued, even if its a relic from the industry's heritage business (sales) model: https://t.co/9xk9pNPgQa
billboard.com
When Taylor Swift’s 'Lover' album comes out Aug. 23, many in the music business will be watching closely to see if she can once again hit the industry’s iconic benchmark for success: 1 million...
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The Copyright Royalty Board rate determination appeal from GASP--Google, Amazon, Spotify and Pandora--asking the DC court to vacate the royalty rates awarded to music publishers--and remand it back to the CRB for a new determination, laid out here:
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