Fan funding platform, Corite – co-founded by Universal Music Sweden alumni Mattias Tengblad (CEO) and Emil Angervall (COO) – has inked a partnership with L.A-based HITCO Entertainment. HITCO, run by L.A Reid and Charles Goldstuck, has acquired a minority stake in Corite and will help the company launch in the US.
May, 2021
TuneCore and Believe partner with YouTube to provide music for TikTok rival Shorts
DIY distribution platform TuneCore and its Paris-based parent company Believe have partnered with YouTube to provide music for its TikTok rival, Shorts. YouTube expanded the beta of the Shorts platform into the US in March, following an initial early launch in September in India (where TikTok is banned).
Source: TuneCore and Believe partner with YouTube to provide music for TikTok rival Shorts
The 12 Biggest Film Sync Licensing Trends of 2021
The streaming-fueled uptick in visual-media production means that there are more opportunities to secure lucrative (and potentially career-changing) placements than ever before. As artists and composers look to capitalize on these opportunities, it goes without saying that they stand to benefit from understanding the sync licensing trends that are defining the industry.
Amazon CEO Jeff Bezos Says MGM Acquisition Thesis ‘Simple’: Intellectual Property
“We are really excited about MGM,” the founder and outgoing CEO said, touting the library of over 4,000 films and 7,000 television shows. “The acquisition thesis here is really very simple. MGM has a vast, deep catalogue of much beloved intellectual property. And with the talent at Amazon and the talent at MGM Studio, we can reimagine and develop that IP for the 21st Century.”
Is Literary IP as Valuable in a Post-Pandemic Hollywood?
Hollywood has been left reeling after a year of paused theatrical releases and production, an influx in streaming options, and expanding distribution models. These disruptions have prompted concern over how literary intellectual property will be optioned in the future. Though books will never go out of style, it’s worth considering how literary adaptations will find new growth in the years to come.
Source: U.S. Book Show: Is Literary IP as Valuable in a Post-Pandemic Hollywood?
How Will Biden Regulators Respond to Amazon-MGM and Discovery-Warner?
T
he pairing of AT&T’s $43 billion spinoff of WarnerMedia with Discovery as well as Amazon’s $8.54 billion acquisition of MGM Studios presents the Biden Administration with its first major merger reviews. How will the examinations play out?
Source: How Will Biden Regulators Respond to Amazon-MGM and Discovery-Warner?
Amazon Buys MGM, Studio Behind James Bond, for $8.45 Billion
Amazon officially announced a deal to acquire MGM for $8.45 billion, bringing the ecommerce giant a wealth of movie and TV properties. MGM, founded in 1924, complements Amazon Studios, which has primarily focused on producing TV programming, the companies said. Amazon will help “preserve MGM’s heritage and catalog of films” and provide customers with greater access to these existing works, the companies added.
Source: Amazon Buys MGM, Studio Behind James Bond, for $8.45 Billion
Iovine: The basic dynamic between streaming services, artists and labels is still not what it needs to be.
I’m not trying to over-simplify a very complicated issue, but the basic dynamic between streaming services, artists and labels is still not what it needs to be. Technology and the shift of culture has led the process of artists wanting to own more of their rights. That in turn forces changes to the economic relationship with labels in general, but that doesn’t mean there isn’t room for everyone – it just means [the] balance will shift.
Source: ‘The basic dynamic between streaming services, artists and labels is still not what it needs to be.’
Music NFT platform OneOf raises $63m in seed funding
Non-fungible token (NFT) platform OneOf has raised $63 million in a seed round from prominent tech and music industry veterans. The platform was co-founded by tech entrepreneur Lin Dai, digital media executive Joshua James, and music industry veteran Adam Fell, in partnership with Quincy Jones and Quincy Jones Productions.
Source: Music NFT platform OneOf, co-founded in partnership with Quincy Jones, raises $63m in seed funding
Songwriter Groups Want Their Voices Heard on CRB Royalty Rate ASAP
A group of songwriter organizations have urged the Copyright Royalty Board to ensure they have the chance to publicly comment on a mechanical royalty rate settlement for CDs, vinyl, downloads and ringtones that was agreed upon by the three majors, the National Music Publishers’ Assn., and the Nashville Songwriters Assn. International.
Source: Songwriter Groups Want Their Voices Heard on CRB Royalty Rate ASAP