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Concord Acquires Imagem, Sony Merges Red & The Orchard, MiDIA Releases “State of Streaming” Report

Posted by Glen Sears | June 5, 2017 9:44 am | No Comments

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Story of the Week

Concord Bicycle Music Acquires Imagem In $600 Million Deal, Sources Say
The acquisition of Imagem, first reported by the New York Times, would make Bicycle Music the sixth largest music publisher in the world, Billboard estimates.

Other Top Music News

Concord’s Imagem Buy Marks The Birth Of A Major Player In Music. The last music industry acquisition of a comparable size would have been Sony Corp’s $750m acquisition of the 50% in Sony/ATV it didn’t already own, which completed in August last year.

Sony Merges The Orchard and Red Essential Into Single Division. Based in central London, the new enterprise will take The Orchard name and be led by Red Essential co-managing directors Ian Dutt and Mike Chadwick.

Announcing MIDiA’s State Of The Streaming Nation 2 Report. MIDiA’s 2nd annual benchmark of the global streaming business presents a definitive assessment of the global market, combining an unprecedented breadth and depth of supply side, demand side and market level data, as well as revenue and user forecasts out to 2025.

What Will Spotify’s $43 Million Class Action Settlement Mean For Publishers? Since it’s an opt-out settlement, songwriters and publishers who own works registered with the U.S. Copyright Office are assumed to be included unless they say otherwise.

SoundCloud’s Stephen Bryan Headed To YouTube, Say Sources. As Chief Content Officer at SoundCloud, Bryan was instrumental in closing deals with Universal, Sony, and Warner – agreements which enabled SoundCloud to launch on-demand streaming tier SoundCloud Go.

Napster Makes 20M Indie Tracks Available In Japan With Rakuten Partnership. “Today, we’re excited to partner with Rakuten, a world-class brand, to extend the Napster experience into Asia and bring the Japanese music community access to over 20 million tracks through our partnership with Rakuten Music.”

Warner/Chappell Strikes Multi-Territory Deal With France’s SACEM. The deal specifically covers the administration and licensing of mechanical rights to YouTube, Deezer and French streaming service Qobuz.

Canadians Listen to Way More Radio Than Americans, Study Finds. Edison Research results showed that AM/FM radio stations account for 61 percent of all Canadian listening, whether over-the-air or via streaming, with the U.S. at 50 percent.

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