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French billionaire completes acquisition of majority stake in CAA
Francois-Henri Pinault has bought a majority stake in CAA via his Groupe Artémis company in a deal that values the Hollywood talent agency at $7 billion…
Chris Cooke
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Spotify to offer premium subscribers free access to audiobooks
Spotify is reportedly going to offer its premium subscribers free access to 20 hours of audiobook content each month, as it continues to try to establish itself in the audiobook sector…
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43% of Brexit-hit artists say touring EU is no longer viable, according to UK Music survey
UK Music has published the results of a new survey of 1461 music-makers about the impact of Brexit - with 30% stating that the UK leaving the EU has impacted on their income…
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Key stakeholders say industry has shared responsibility to tackle crime links to streaming fraud
Two global music organisations have commented on the report in Swedish newspaper Svenska Dagbladet about criminal gangs using streaming fraud as part of their money laundering activities, renewing calls for the industry to take action…
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PRS expands Nexus programme to facilitate faster ISRC/ISWC matching
UK collecting society PRS has announced an expansion to its Nexus data programme which aims to make it easier for record labels and music distributors to include an ISWC when delivering tracks to streaming services, so it is clear what song is contained in the recording…
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Apple buys classical music record label
Apple has acquired BIS Records - with the classical music label’s founder Robert Von Bahr saying that its alliance with the tech giant will help “usher in the next era of classical”c…
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Deezer set to roll out Universal Music endorsed "artist centric" model to royalty payments in France next month
Deezer has announced that it will start using a new “artist-centric” system for allocating royalties in France next month, which will prioritise “professional artists” and “active engagement”, and exclude functional audio…
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BMI boss responds to speculation over reported private equity sale
The boss of BMI has responded to speculation about an imminent sale of the US collecting society to a private equity outfit, insisting that changes at the organisation have been “mischaracterised” - though he doesn’t actually answer the specific questions songwriters have asked about those changes…
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Elliot Grainge joins Warner leadership team via 10K Projects partnership
10K Projects - the music company founded by Elliot Grainge, son of Universal Music boss Lucian Grainge - has announced a joint venture with Warner Music, which will also see Grainge Junior join the major’s leadership team…
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Sean Combs reassigns publishing rights back to Bad Boy artists
Sean ‘Diddy’ Combs has reassigned song rights to a number of artists who were previously signed to his Bad Boy label, despite having received mega-bucks offers for his company’s publishing catalogue…
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Spotify bans white noise podcasters from Ambassador Ads programme
Spotify will stop the makers of white noise podcasts from participating in a programme where podcasters can earn money by promoting the streaming service’s own products…
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Miley Cyrus says she "didn’t make a dime" from 2014 Bangerz Tour
Miley Cyrus has revealed that the high production costs of the tour that followed her 2013 album ‘Bangerz’ meant she didn’t make any money from those shows…