impf
Welcome to Publishing Briefs, our semimonthly bulletin of recent signings, deals and doings in the wide world of music publishing. Since the last time we rapped, NMPA chief David Israelite gave his annual State of Music Publishing address at a conference for indie publishers, Canada’s SOCAN reported a record-high number in total royalty distributions, and Billboard Español had a chat with Rimas Publishing president Carlos Souffront and managing director Emilio Morales about their vision for the company.
The Independent Music Publishers International Forum (IMPF) released its fourth Global Market View report, analyzing the indie music publishing industry’s performance and trends, including the impact of Generative AI. The report shows that the sector grew by 5.7% in 2023, the last full year of data, reaching a total value of 2.57 billion euros ($2.83B, as of the exchange rate on Dec. 30, 2023), up 105.6% since 2018. Despite a slight decline in market share from 26.7% to 26.3%, independent publishers collectively hold a larger market share than major companies like Sony Music Publishing, they said. Key priorities outlined in the report include addressing AI challenges and advocating for fair compensation from DSPs. The study warns that unchecked growth of AI-generated content could lead to a 24% revenue dip in music and a 21% drop in audiovisual by 2028, resulting in a cumulative loss of 22 billion euros, with 10 billion euros affecting music. The IMPF, which reps 230 indies, emphasizes the need for supportive tax policies and plans to monitor the U.S. Mechanical Licensing Collective for equitable practices. The report also raises concerns about consolidation/acquisitions of catalogs and indie publishers, which could negatively impact cultural diversity by reducing independent routes to the music market.
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Sony Music Publishing signed producer, engineer and multi-instrumentalist MTech (Matthew Bernard) to a global publishing deal. This agreement covers his existing catalog and future songs, and is in collaboration with producer Sounwave’s new production division, new.ordinary. Mtech contributed on six tracks on Kendrick Lamar’s GNX album, which reached No. 1 on the Billboard 200 albums chart. His credits on GNX include “Luther” and “Squabble Up,” both Hot 100 No. 1s. He has also worked on Lamar’s Euphoria, Kali Uchis’ Orquídeas, and Blxst’s I’ll Always Come Find You. Born in Los Angeles, MTech began his career at 17, later moving to Atlanta where he secured his first major TV placement on FOX’s Star and worked on The Four: Battle for Stardom. Returning to LA in 2022, he was introduced to Sounwave, who calls him a “superstar.” Sony Music Publishing manager, creative A&R Lauren Munroe said, “MTech’s exceptional talent is truly inspiring to be around, and I’m grateful for the opportunity to work with him. We’re honored to welcome MTech to the Sony Music Publishing family alongside the visionary Sounwave and excited for the incredible music ahead.”
Kobalt signed rock band Pierce The Veil to a global publishing deal. The band is on a successful tour following their fifth studio album, The Jaws Of Life, with sold-out shows at Madison Square Garden and The Forum. Their I Can’t Hear You world tour will continue across Europe, Mexico and South America. With over a decade in the industry, PTV blends post-hardcore, emo and progressive rock, earning a devoted global fanbase, especially within the Latinx community due to their Mexican-American roots. Melissa Emert-Hutner, Kobalt’s senior vp of creative, praised the group’s unique sound and significant fanbase in both rock and Latin music communities. “We look forward to working closely with the band and their team to provide the support and resources they need as they continue to grow their fan base around the world,” she said.
Peermusic signed songwriter and producer Clint Lagerberg to a worldwide publishing deal, covering future works and select back catalog. Lagerberg’s career highlights include Rascal Flatts’ “Here Comes Goodbye” and co-writing and producing Josh Kelley’s “Georgia Clay.” He achieved massive success with Keith Urban’s “Blue Ain’t Your Color,” the singer’s top song on Spotify and his highest-charting hit on the Hot 100 (at No. 24, in 2016). His songs have been recorded by country stars like Blake Shelton, Brad Paisley, Tim McGraw and Matt Stell. Recently, Lagerberg contributed to Brad Paisley’s upcoming album as both a writer and producer, with additional production credits include Matt Stell, LoCash, Leanna Crawford, Kevin Jonas and Backstreet Boys, among others. Knox praised Lagerberg’s talent and process. “He’s already proven his ability to land songs on the top of the charts, but it’s his process that is really impressive to me,” he said. “Clint has the technical knowledge and ability to see it through from conception to song production and delivery.”
Concord Music Publishing signed music producer Dom Martinez to a worldwide publishing deal, covering his full catalog and future works. Originally from Denver and now based in Nashville, Martinez is known for his versatility across genres like pop, rap, folk, singer-songwriter, and R&B. Martinez has collaborated with emerging talents such as Myles Smith, Caleb Hearn and Braden Bales. Lily Bunta, A&R Manager at Concord, praised Martinez’s passion and “truly infectious” enthusiasm for music.
Across the pond and then some, Concord Music Publishing ANZ signed up New Zealand power-pop band The Beths for worldwide representation. The deal covers their growing catalog, including albums Future Me Hates Me, Jump Rope Gazers, and Expert In A Dying Field. Formed in 2014 and led by vocalist Liz Stokes, The Beths have gained acclaim with their indie rock sound and performances at major festivals like Coachella. They were the first New Zealand act to win the Levi’s Music Prize in 2020. Jaime Gough, managing director at Concord Music Publishing ANZ, praised Stokes’ “deft lyricism and unique turn of phrase,” while Pennie Black, director at CMPNZ, called out their “infectious” indie pop sound as “a true reflection of their exceptional songwriting talent.”
Sony Music Publishing locked in multi-instrumentalist and songwriter Jesse Fink to a global publishing deal. Based in Los Angeles, Fink has written major hits, including Myles Smith’s Stargazing, which spent 44 weeks on the Billboard Hot 100 and topped international charts, and Artemas’ i like the way you kiss me, which surpassed 1 billion Spotify streams and reached #1 on Billboard’s Global 200 Excl. US chart. His songwriting credits include work with John Legend, Dove Cameron, and Leyla Blue. A GRAMMY winner for Best R&B Album in 2021 with Legend’s Bigger Love, he recently earned two BRIT Award nominations for Song of the Year. Sony Music Publishing A&R manager Clark Adler lauded Fink’s passion and work ethic, saying these traits “elevate everyone around him.”
Over in The Volunteer State, SMP Nashville signed singer-songwriter Averie Bielski to a global publishing deal. Originally from Roswell, GA, Averie has quickly made a name for herself, first gaining attention in 2021 with her viral debut single I Do Too, which gained traction on TikTok. Since moving to Nashville, her songs have been recorded by artists like Callista Clark, Zach John King, Carson Wallace, Ashley Anne and Grace Tyler. Sony Music Publishing Nashville’s manager of creative A&R, Synnovea Halsel, praised her “fresh” lyricism and unique melodies — “From the moment I heard her first song, I was taken aback.”
Warner Chappell Music‘s Miami team signed Afro-Colombian artist Hamilton, also known as AfroRockStar. As a prominent figure in the Afrobeat movement, Hamilton has already amassed over 250 million career streams. He is gearing up to release his debut album, which includes “Mi Reina,” a new single with Nanpa Basico. Recognized as an artist to watch, Hamilton’s Afrobeats collaborations include Ryan Castro’s “A Poca Luz” and Justin Quiles and Lenny Tavárez’s “Atardecer.” He is signed to Cigol Music on the label side and Globalatino/Cigol Publishing.
PUB BRIEFS BRIEFS: Centricity Music signed the Texas-based duo Band Reeves to a recording and publishing contract. The duo features Reeves brothers Jeramy and Cody, who have crafted a sound that blends country and Christian music. Band Reeves is managed by Proper Management and will release a debut single soon … Electronic music producer Anyma signed a global publishing deal with Kobalt. The agreement covers Anyma’s entire catalog, including his work with the duo Tale of Us, as well as future releases.
Last Publishing Briefs: El DeBarge Signs With Reservoir
As the music industry boomed in the 1980s and 1990s, the place to be for global business was MIDEM, the annual conference in Cannes. Over the past three years, though, an increasing amount of those deals have been made at the IMPF (Independent Music Publishers Forum) Global Music Summit in the fall in Palma de Mallorca, in Spain. I went for the first time this year, from Oct. 1 to 4, and it’s one of the best music business conferences I’ve ever attended. (I should point out that I got a press pass, but Billboard paid for my travel.) Now in its third year, the event drew 500 attendees, up from 320 last year. It’s the perfect size — small enough to see people you know, but big enough to meet people you should.
The vibe is very different. MIDEM was like the throne room of the Imperial Music Business, where dealmakers held court at high-end hotels and the hamburgers cost 35 Euros. But most labels now control recording rights in most of the world, so the focus of dealmaking has shifted to publishing. The Global Music Summit is more relaxed. It takes place at two hotels in the Mallorca marina that are nice but not over the top, and you could walk around and see everyone easily. By day, you could take meetings on one of the hotel terraces or walk to the marina. At night, you could have cocktails at the Budde Music-sponsored Budde Bar.
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The IMPF itself only goes back to 2014, when a dozen or so independent publishers got together to form a trade association that would focus on their needs. The International Confederation of Music Publishers, which includes both majors and indies, has many of the same members and focuses on some of the same issues and the two organizations worth together frequently. Both are international but wield more power in Europe, where countries tend to have stronger copyright laws, and where the publishing business generates more revenue.
Much of the action took place in private meetings, but the panels were also smart — shortish and relevant, and held one at a time. The keynotes were also worthwhile. The first was from Reservoir Media founder and CEO Golnar Khosrowshahi, who spoke about how technology has helped music publishing expand. Reservoir’s first big investment was in Music Maestro, she recalled, and data tools helped the company grow. She predicted that artificial intelligence would create opportunities and efficiencies as well as challenges, a welcome message at a time when it seems like the wild elephant in the room.
The next day’s keynote came from BMI President and CEO Mike O’Neill, who gave an audience used to dealing with traditional, nonprofit collective management organizations a look at the alternative his company represents now that it’s owned by private equity investors. He pointed out that this might not be so different from the status quo, since SESAC has a similar ownership structure and GMR is said to have an “understanding” to sell some of the company to a private equity firm. “Why is that?” O’Neill asked. “I can only speak for BMI, and for us, it means a level of investment that we simply could not have achieved before.”
O’Neill also discussed BMI’s plan to distribute 85% of licensing revenue and retain 15% for overhead and investment and said that the company is on track to do so. “While we have not finished our audit for the last fiscal year, I’m extremely pleased with our results and how we’re tracking towards our goals,” he said. “We’ve had a series of record-breaking distributions this year and our final distribution growth will reflect that.”
NMPA (National Music Publishers’ Association) President and CEO David Israelite closed the event with a keynote about how the publishing business is both growing and at the same time closing the gap with revenue from recorded music, plus touched on “Spotify’s war against songwriters,” the MLC database, and how transparent collective management organizations should be. Israelite ended his speech — and, really, the entire conference, with advice for the publishing business. When Israelite started at the NMPA two decades ago, “we had a cultural problem” — the major publishers and the indies often pushed different agendas, which also differed from those of songwriters. One of Israelite’s key successes was to convince these groups to work out their disagreements in private and unite behind one agenda in public. In Europe, where collecting societies and songwriters groups have more power than they do in the U.S., this could be difficult. But it could also help the entire business get the influence it needs to make sure it can benefit from AI.
It’s never easy to get the various parts of the music business to unite behind anything, of course. But events like the IMPF summit, held in a cool place at a scale that makes sense, make it a lot easier.
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