by Mike Masnick
Wed, May 4th 2011 6:49am
Well, this is interesting. When Guy Hands had bought EMI years back, there was hope that, as an outsider, he might come in and shake things up in a good way. That didn't happen, and after a massive flop, Hands lost EMI to Citigroup earlier this year. And, yet, now it appears that EMI is finally making some interesting moves. First up: it's pulling back its digital rights from ASCAP and is going to license them directly. That's a huge hit to ASCAP (who will undoubtedly downplay the significance, though it really is huge). This also should ease the licensing of EMI's catalog, since it's all going through a single company, rather than having to involve multiple companies. I wouldn't be surprised to see others go in this direction as well. Of course, some musicians might not like it, as ASCAP tends to be a bit clearer in its royalty statements than many of the labels, but this is a big potential issue for ASCAP.
If you liked this post, you may also be interested in...
- Hasbro Spent Time, Money, Lawyers' Attention To Barely Make A Difference Over My Little Pony Fan Game
- 2600 Explains Eloquently How Excessive Copyright Harms Everyone
- Diamond Open Access Gets Real: 'Free To Read, Free To Publish' Arrives
- BMI Records Record Revenue... While Whining To DOJ That It Can't Function Under Antitrust Agreement
- Yes, I Was Deeked By Two Hoax Kim Davis Stories Today