EU Green Lights Universal Music’s Acquisition of BMG Music Publishing
European Union (EU) regulators green lighted Universal Music Group’s acquisition of BMG Music Publishing for about $2.09 billion. The deal establishes Universal as the world’s largest music publishing company. Combining the world’s No. 3 and No. 4 music publishing catalogs will give Universal the publishing rights to artists as diverse as Mariah Carey, U2, 50 Cent, Elton John and Leonard Bernstein. With a 22 percent...
SoundExchange Extends Olive Branch To Small Net Radio Stations
SoundExchange has extended an Olive Branch to small Internet radio stations by offering to stretch the Small Webcaster Settlement Act (SWSA) until 2010. As you read here before, on May 1 the Copyright Royalty Board (CRB) declared that effective July 15, it will more than double the royalties of Internet radio stations. This in turn became a call to arms for the well-connect online radio community who swiftly responded with their own...
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