Chinese Television & Radio Broadcasters Announce Music Royalty Payments
Chinese Radio and TV stations are expected to pay royalties on the music they broadcast from next year, when a set of fee collection methods and standards will be officially implemented. In 2001, the government amended its copyright law, requiring radio and TV stations to pay fees to copyright holders for playing their recordings unless they have reached other agreements on fees. However, specific methods and standards are yet to be...
Warner Music Buys Roadrunner Records Majority Stake for $73.5 Million
Warner Music Group Corp., which owns Atlantic and the Warner Bros. record labels, disclosed that it will buy a 73.5 percent stake in the Roadrunner Music Group BV, which includes Roadrunner Records, for $73.5 million. The deal is expected to close in January. Netherlands-based Roadrunner Music Group will become a freestanding label group within WMG’s Atlantic Records Group. There will be no staff changes due to the acquisition,...
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