Remember when hedge fund Blackstone bought music rights org SESAC in January? As a result of the investment, SESAC is sniffing around Europe for acquisitions.
British mechanical rights company MCPS is said to be in SESAC’s sights. The firm was created by the Music Publishers Association (MPA) as a means to issue mechanical licenses to those wanting to make a copy of a song in the U.K. It has a turnover of around £140m ($172m) per year.
The society exists largely for full-time songwriters and it currently has 26k members—20k writers and 6k publishers.
SONG REVENUE: CALM BEFORE THE STORM
J. Cole has his moment; Future-Metro have another big payday. (4/19a)
WARNER CHAPPELL ROPES IN RED CLAY STRAYS
Another big get for Guy and Carianne (4/19a)
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/19a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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