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...
- Ed Sheeran: Piracy Is What Made Me
- Bulgarian Public Radio Forbidden To Play 14 Million Pieces Of Music By Copyright Collection Society
- The Battle Over Public Performance Rights Of Old Music Heats Up: NY Rejects, Supreme Court Petitioned
- Legacy Recording Industry To Trump: Please Tell Tech Companies To Nerd Harder To Censor The Internet
- DOJ Makes Smart Decision On Music Licensing... Music Publishers Completely Lose Their Shit