SESAC Successfully Sells $560 Million In Bonds Backed by Music Royalties and Licensing Deals

SESAC, which is the third largest performance rights organization in America after ASCAP and BMI, has announced that it has refinanced its capital structure by selling $530 million in corporate bonds.

SESAC further received an additional $30 million in revolving credit. The bond sale was reportedly heavily oversubscribed.

Read more: https://www.digitalmusicnews.com/2019/09/26/sesac-bonds/

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    SOURCE: Digital Music News

    Date: September 26, 2019

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  • King Crimson’s Robert Fripp Spars With David Bowie Estate Over ‘Heroes,’ ‘Scary Monsters’ LP Credits

    Robert Fripp, King Crimson’s co-founder and guitarist, said he is involved in a dispute with David Bowie’s estate over being properly credited for his contributions to the late artist’s 1977 Heroes and 1980 Scary Monsters albums. The musician took to Facebook on Tuesday to describe what he claims are rules of “historic injustice” that are blocking the recognition of his contributions to the LPs.

    Read more: https://www.rollingstone.com/music/music-news/king-crimson-robert-fripp-david-bowie-estate-dispute-heroes-scary-monsters-890139/?fbclid=IwAR38vrm6upHL9NSaps6QDub-xvGDAXoqQpQnCUs8TA6ZFs99q6pZuyCSNxY

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    SOURCE: Rolling Stone

    Date: September 24, 2019

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  • Led Zeppelin “Stairway to Heaven” Appeal Begins — The Judges Don’t Seem to Be Buying It

    On September 23rd, the full 11-judge panel of the 9th U.S. Circuit Court of Appeals in San Francisco held a hearing to determine if a new trial is necessary in the copyright infringement lawsuit against Led Zeppelin and “Stairway to Heaven,” which the band originally won.

    Read more: https://www.digitalmusicnews.com/2019/09/24/led-zeppelin-stairway-to-heaven-skepticism/

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    SOURCE: Digital Music News

    Date: September 24, 2019

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  • Collective management of rights in a transforming market: A speech by Gadi Oron, Director General, CISAC, at the ALAI Copyright Congress

    I am delighted to be here today and I would like, first, to express my appreciation for all the people who made this conference possible. In particular, I would like to thank Mr Rudolf Leska, the president of the ALAI group here in the Czech Republic, and his team, who I know have been working tirelessly, for many months, to organise this ALAI event. I am very happy and proud that we, at CISAC, could partner with ALAI this year and be associated with this conference.

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    SOURCE: CISAC

    Date: September 19, 2019

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  • YouTube Can’t Decide Who Should Be Verified ⁠— Pisses Off Its Whole Platform

    YouTube planned to de-verify many creators to take steps to ‘strengthen the platform.’ But after a massive backlash, those plans are changing.

    YouTube sent out an email to several of its creators letting them know about changes to its channel verification. The email announced the changes would impact those who had already been verified. Many creators who received the email had several million followers.

    Read more: https://www.digitalmusicnews.com/2019/09/21/youtube-verification-email/

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    SOURCE: Digital Music News

    Date: September 21, 2019

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  • Two Members Abruptly Depart the Mechanical Licensing Collective (MLC)

    Earlier this week, the recently-named Mechanical Licensing Collective requested $66.25 million — just to get off the ground.

    That included a $37.25 million tranche of cash before the MLC’s opening day. Another $29 million was requested for the first year of operations, leading to a hefty $66.25 million startup ask.

    Read more: https://www.digitalmusicnews.com/2019/09/20/mechanical-licensing-collective-mlc-departures/

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    SOURCE: Digital Music News

    Date: September 20, 2019

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  • Bitter Music Industry In-Fighting Prevented Any Action Against California’s AB5

    California’s AB5 was signed into law this week without any exemptions or concessions for the music industry. So what happened?

    California’s AB5 is designed to curtail contractor abuse by tech giants like Uber, Lyft, and GrubHub. But the law generated disastrous implications for a number of other industries reliant upon temporary contractors.

    Read more: https://www.digitalmusicnews.com/2019/09/19/music-industry-infighting-ab5/

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    SOURCE: Digital Music News

    Date: September 19, 2019

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  • Writers and Agents Confront the New Normal: “Hypocrisy All Over the Place”

    At this year’s Primetime Emmy Awards on Sept. 22, a powerful contigent of Hollywood insiders will be paying special attention to the acceptance speeches. The question on their minds: When the winning writers take the stage, will they thank their agents?

    Read more: https://www.hollywoodreporter.com/features/writers-agents-confront-new-normal-hypocrisy-all-place-1240226

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    SOURCE: Hollywood Reporter

    Date: September 19, 2019

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  • Beau Willimon Re-elected as Writers Guild East President

    Showrunner Beau Willimon was re-elected as president of the Writers Guild of America East on Thursday in an election that saw numerous other incumbents returned to office as well.

    Kathy McGee was elected vp and secretary-treasurer Bob Schneider was re-elected.

    Read more: https://www.hollywoodreporter.com/news/beau-willimon-elected-as-writers-guild-east-president-1241277

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    SOURCE: Hollywood Reporter

    Date: September 19, 2019

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  • California Passes AB5, Handing a Major Defeat to the RIAA, A2IM, and Music Artists Coalition

    The purpose of AB5 is to give benefit and wage protections to those who work for both rideshare companies such as Uber and Lyft and a broad range of other sectors.  One big downside, however: the law could also “gut the music industry” in the state.

    Read more: https://www.digitalmusicnews.com/2019/09/18/ab5-california-passes/

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    SOURCE: Digital Music News

    Date: September 18, 2019

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  • Guild of Music Supervisors President: “We’re Not Paid Enough. I’m Getting Paid Less Now Than I Was In 1999.”

    In a wide-ranging interview, Thomas Golubic, president of the Guild of Music Supervisors, talked about the many difficulties facing those who are responsible for supervising music production in motion pictures and television.

    In the deep-dive with Variety, Golubic especially touched upon the financial difficulties facing members of his profession and issues of recognition.

    Read more: https://www.digitalmusicnews.com/2019/09/18/music-supervisors-pay/

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    SOURCE: Digital Music News

    Date: September 18, 2019

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  • Songwriters Guild of America, Artist Rights Alliance, SONA, 7 Other Creator Groups Demand the Right to Choose Their PROs — Here’s Their Statement

    Should music publishers have the right to move their entire catalogs to the performance rights organization (PRO) of their choice — without the need to consult their songwriters or composers?

    Or, for that matter, remove their catalogs entirely from mega-PROs like ASCAP and BMI?

    Read more: https://www.digitalmusicnews.com/2019/09/16/songwriters-guild-of-america-pro-choose/

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    SOURCE: Digital Music News

    Date: September 16, 2019

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  • NMPA Asks DOJ to Amend Consent Decrees to Allow Publishers to Selectively Withdraw Digital Rights From Blanket Licenses

    The National Music Publishers’ Association (NMPA) came out swinging in its comments to the Department of Justice’s ASCAP and BMI consent decrees reviews, arguing it should allow publishers to selectively withdraw digital rights from blanket licenses.

    Read more: https://www.billboard.com/articles/business/publishing/

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    SOURCE: Billboard

    Date: September 13, 2019

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  • Music publishers say Peloton stole even more music, ask for $300 million

    The National Music Publishers’ Association (NMPA) has asked the courts to allow it to double its claims against exercise bike and treadmill startup Peloton, after discovering more unlicensed music — including songs by Taylor Swift and Kesha — being used in workout videos that play on the bikes’ built-in screens. It’s now seeking $300 million in damages, as reported by Forbes.

    Read more: https://www.theverge.com/2019/9/13/20865200/nmpa-music-publishers-double-claims-against-peloton-taylor-swift-kesha

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    SOURCE: The Verge

    Date: September 13, 2019

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  • PRESIDENT’S MESSAGE: Buyouts – Friend or Foe?

    One of the questions I’m most often asked, particularly by young or inexperienced members, is “why don’t composers have a union?” Virtually ever other craft in the film making process has a representative organization empowered to collectively bargain for wages and working conditions on their members’ behalf. The reality is that in days gone by, composers DID have a union – the Composers and Lyricists Guild of America (CLGA) – the forerunner to the SCL. For those who don’t know the story of the CLGA’s demise, I urge you to read our resident music historian, Jon Burlingame’s account of the chronology on the SCL’s website (http://thescl.com/about). While it can’t set minimums or conditions, I believe the SCL remains a media composer’s best resource to remain apprised of the prevailing state of the business, through its advocacy, education and exchange of pertinent information by its members.

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    SOURCE: SCL

    Date: September 13, 2019

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  • Alternative views from within the music industry feature among 877 submissions to the BMI/ASCAP consent decree review

    The US Department Of Justice has published all 877 submissions to its review of the consent decrees that regulate American collecting societies BMI and ASCAP. The vast majority are from users of music who urge the DoJ to keep the current consent decrees in place. Though the interesting stuff is in submissions from within the music community, in particular those from the Society Of Composers & Lyricists and boutique collecting society GMR.

    Read more: https://completemusicupdate.com/article/alternative-views-from-within-the-music-industry-feature-among-877-submissions-to-the-bmi-ascap-consent-decree-review/

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    SOURCE: CMU

    Date: September 12, 2019

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  • Fox Settles ‘Bones’ Suit, Ending Profits Case That Stunned Hollywood

    After nearly half a decade battling the creative team behind one of TV’s biggest hits, Fox has finally reached a settlement that will end the huge lawsuits over profit sharing for Bones. On Wednesday, the parties filed dismissal papers in Los Angeles Superior Court. The dispute draws to its conclusion, but amid continued consolidation in the media sphere and new streaming platforms being launched by studio giants the brawl over Bones is not likely to be forgotten anytime soon.

    Read more: https://www.hollywoodreporter.com/thr-esq/fox-settles-bones-suit-ending-profits-case-stunned-hollywood-1238843

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    SOURCE: Hollywood Reporter

    Date: September 11, 2019

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  • BMI Sets Revenue Records With $1.283 Billion

    BMI ended its fiscal year on June 30 once again breaking revenue records with $1.283 billion, up 7% over the previous year.  BMI also distributed and administered $1.196 billion to its songwriters, composers and publishers, its highest distributions ever, and a 7% or $78 million increase over last year. These results mark the most reported public performance revenues and highest royalty distributions of any music rights organization in the world.

    Read more: https://www.bmi.com/news/entry/bmi-sets-revenue-records-with-1.283-billion

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    SOURCE: BMI

    Date: September 9, 2019

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  • After Being Moved by ‘The Friend,’ Robert Plant Agrees to License Two Led Zeppelin Songs at a Steep Discount

    It’s all too common to hear stories about greed in the music industry, which makes stories of the opposite downright exceptional.

    One of these occurred just days before Gabriela Cowperthwaite’s film The Friend was scheduled to premiere at the Toronto Film Festival, and they were the result of kindness on the part of the legendary rock band Led Zeppelin and its lead singer Robert Plant.

    Read more: https://www.digitalmusicnews.com/2019/09/09/the-friend-robert-plant-led-zeppelin-songs/

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    SOURCE: Digital Music News

    Date: September 9, 2019

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  • How Hollywood Can (and Can’t) Fight Back Against Deepfake Videos (Guest Column)

    When Game of Thrones ended earlier this year, a video circulated online of Jon Snow apologizing to the show’s fans for the way the last season ended. The video appeared to show the actor Kit Harrington, dressed as Snow, apologizing for his lack of dialogue and the generally dissatisfying final season in a rousing speech. This was not Harrington doing another satirical skit on Saturday Night Live, but instead, a manipulated video where footage from Game of Thrones was altered to make it seem like the actor was saying words he never said. This video is among the latest in a recent spate of “deepfake” videos — viral videos that have been digitally doctored to make it seem like people are saying and doing things that they never actually said or did. The videos are made using artificial intelligence that can map the face of one person onto another, creating highly realistic, but fake, videos.

    Read more: https://www.hollywoodreporter.com/thr-esq/how-hollywood-can-can-t-fight-back-deepfake-videos-guest-column-1237685

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    SOURCE: Hollywood Reporter

    Date: September 7, 2019

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  • Facebook, Instagram Dramatically Expand Music Features Across Latin America

    Facebook has launched music on both Facebook and Instagram Stories across 15 Latin American countries.

    The company announced the arrival of music stickers, lyrics, and Lip Sync Live, while also adding songs to Facebook profiles. Starting today, users from Chile, Colombia, Peru, Ecuador, Bolivia, Venezuela, Guatemala, Uruguay, Paraguay, Honduras, Costa Rica, El Salvador, Dominican Republic, Panama, and Nicaragua can enjoy the new features.

    Read more: https://www.digitalmusicnews.com/2019/09/04/facebook-instagram-music-latin-america/

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    SOURCE: Digital Music News

    Date: September 4, 2019

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  • ‘Friday the 13th’ Writer Ridicules Notion That Winning Back Rights Means WGA’s Demise

    A recent legal victory for Friday the 13th screenwriter Victor Miller against the producer of the horror classic is now before the 2nd Circuit Court of Appeals — and rather unexpectedly, a copyright fight has become, in part, a question about the continued worth of unions in the entertainment industry.

    Read more: https://www.hollywoodreporter.com/thr-esq/friday-13th-writer-ridicules-notion-winning-back-rights-means-wgas-demise-1236631

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    SOURCE: Hollywood Reporter

    Date: September 4, 2019

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  • Copyright case: Ennio Morricone Music Inc. v. Bixio Music Group Ltd., USA

    The statutory schemes of Italian and U.S. copyright law differ in their allocation of authorship status in that Italian law does not recognize the ab initio statutory allocation of copyright to the commissioner of a work made for hire.

    Read more: http://copyrightblog.kluweriplaw.com/2019/09/04/copyright-case-ennio-morricone-music-inc-v-bixio-music-group-ltd-usa/

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    SOURCE: Kluwer Copyright Blog

    Date: September 4, 2019

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  • Two Years Later, Paradigm Agrees to Settlement Talks Over Fyre Festival Cash Advances

    Talent agency Paradigm is participating in settlement talks with the trustee overseeing the Fyre Festival bankruptcy.

    Even though the Fyre Festival implosion is more than two years old, multiple lawsuits are still simmering. Just recently, a Fyre Festival trustee attempting to recover stolen funds launched lawsuits against high-profile celebrities who promoted the festival to their fans.

    Read more: https://www.digitalmusicnews.com/2019/09/02/paradigm-fyre-festival-settlement/

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    SOURCE: Digital Music News

    Date: September 2, 2019

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  • YouTube takes copyright law into their own hands with new policy on music infringement

    From mid-September YouTube will implement its new policy on how copyright holders can deal with infringements of their music on the platform. The changes effect the way copyright is enforced on YouTube, and it begs the questions; are they making their own copyright rules? And, if they are, and they are, how do we feel about that?

    Read more: https://ipkitten.blogspot.com/2019/09/youtube-takes-copyright-law-into-their.html

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    SOURCE: The IPKat

    Date: September 2, 2019

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  • Why Writers Shouldn’t Back Down in Their Fight With Agencies (Guest Column)

    Racial tensions boiling; immigrants thrown on the fire. Anti-Semitism on the rise. Poison in the water. Industrialists raking in billions while the working poor struggle to make even the most modest of ends meet. No discernable signs of a middle class. Yes, these are the circumstances of E.L. Doctorow’s brilliant Ragtime, but they are also the circumstances in which we find ourselves living — cycling back with a stark symmetry to the world of America almost exactly one hundred years ago — a world in crisis, a world which cannot sustain itself.

    Read more: https://www.hollywoodreporter.com/news/why-writers-shouldnt-back-down-fight-agencies-guest-column-1235542

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    SOURCE: Hollywood Reporter

    Date: August 30, 2019

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  • “We Have a Lot of Work Ahead”: SAG-AFTRA President Gabrielle Carteris on Next Steps After Election Win (Q&A)

    It was beyond bitter: charges and countercharges of election law violations, lying, bad faith and more. But when the dust cleared on the SAG-AFTRA elections, Gabrielle Carteris, union president for the last three and a half years, was elected for another two-year term, albeit with a 44.05 percent plurality over opponent Matthew Modine (34.76 percent) partially due to the presence of a third candidate, secretary-treasurer Jane Austin (16.43 percent). Candidates Queen Alljahye Searles and Abraham Justice together garnered under 5 percent.

    Read more: https://www.hollywoodreporter.com/news/sag-aftras-gabrielle-carteris-next-steps-challenges-election-win-q-a-1235713

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    SOURCE: Hollywood Reporter

    Date: August 30, 2019

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