Publishing
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By now, you’ve heard the news that BMI is selling its interests to a shareholder group assembled by the private equity firm, New Mountain Capital. The sale has come with questions and consternation from songwriter advocacy groups — including the Music Artist Coalition, where I am a board member — and U.S. music attorneys. These songwriter advocates asked for (1) transparency about the sale and (2) a window of time after the sale that would allow unhappy songwriters to leave.
Most questions remain unanswered, and BMI has not opened a window for songwriters to leave. But the sale seems to be proceeding anyway, subject to “regulatory approval.” Given that, here’s what you should watch out for as a songwriter, a songwriter representative or someone who benefits from administration or co-ownership of a songwriter’s songs.
1. What Does This Mean?
In short, it means that BMI, which has been a not-for-profit organization since its founding in 1939, has turned into a for-profit organization and sold to a private equity company. Private equity companies acquire companies that they believe are undervalued in hopes of realizing a significant return on their investment in a relatively short period of time. This is called a “holding period.” While some private equity periods fall outside the average, in 2023 the average “holding period” for a private equity fund with a company it buys is just over seven years, which is the longest it has been in over two decades (in 2022 it was just under 6 years).
According to press reports citing sources, BMI in its first year as a for-profit entity has generated about $130 million in earnings before interest, taxes depreciation and amortization (EBITDA). In order for the shareholder group to be successful, it will need to continue to grow profits or EBITDA from where they are today. To do that, they have to increase revenue and/or decrease expenses. The concern underpinning the sale is that BMI has historically grown revenue in order to pass it on to songwriters and publishers. The only revenue BMI traditionally held back was to cover its overhead. Turning to a for-profit model with private equity owners means that BMI’s shareholders will expect to participate in the profits BMI generates (through distributions or leveraging BMI), which may mean that less of the revenue generated will be distributed to the writers and their publishers.
2. How Does This Compare With My Other Options?
That is one of the unanswered questions. BMI’s goal is that there will be no negative impact to writers and publishers. BMI says they have a “goal” (not a guarantee) not to withhold more than 15% of revenue for three years for profit and overhead, but this doesn’t apply to revenue from any new business lines the company now enters.
Without more specificity, it is hard to determine how this will be possible and whether songwriters will be negatively impacted. It would be great if BMI provided more details about how they will increase distributions and increase profits at the same time. Ideally, BMI would give their affiliates an audit right, so that songwriters and publishers can monitor whether BMI reaches its goal. Otherwise, it should continue to release its financials showing collections, distributions and EBITDA.
3. How Will I Know?
Unfortunately, transparency is an issue. BMI’s latest public filing contains very little information on the state of the company and its revenue. In fact, they provide far less financial information than they did just a few years ago. Larger market players (like music publishers) may be able to compare and contrast the revenue they receive from one PRO vs. another and compare it with general growth trends of the music business and growth in the particular market segments that pay for performance (radio, film/TV, streaming, bars/restaurants, etc.).
We hope that songwriter advocacy organizations, in conjunction with music publishers, will be able to create and provide some level of transparency in the future for all songwriters. As a board member of the Music Artists Coalition, we have determined to make this a priority. Information is power, and songwriters who signed up for BMI under the premise of it being a non-profit should work to get as much information as possible. Ultimately, what matters is what you make as a songwriter – so watch your statements.
4. Do BMI Writers Share in the Sale Proceeds?
A little. In response to pressure from advocacy groups, BMI said that $100 million will be shared with its affiliates. BMI, in its sole discretion, will determine who gets it and how much, but it has agreed to use prior payment principles to do so. Affiliates includes both songwriters and publishers, and how much of the $100 million will be distributed to each of those two groups has not been disclosed.
The rest of the estimated $1 billion goes to BMI’s shareholders, which are broadcasters. For some broadcasters, this is a rebate of the performance royalties they have paid over the last few decades. This may seem particularly gruesome to songwriters who are also recording artists in the United States, which is one of the only countries in the world where broadcasters do not pay performance revenue on recordings.
5. What Do I Do Next?
If you’re a BMI member, stay informed. Ask questions, read your statements, follow the news and watch for reports on distributions starting after the second half of 2024. Talk to your co-writers at other PROs and compare payments. It takes four and a half months from the end of a quarter until you receive your accounting.
Check your agreements to understand when you can terminate membership, and when you can withdraw your songs. If you are unhappy with the results of the sale, you have the right to leave, but it can be tricky. BMI (like ASCAP) has one window during which you can resign as a writer (often every two years), but a separate, often completely different window (often every five years) during which you can terminate your publishing entity. You have to watch your windows and send your notice in advance, adhering to the timeframes allowed for resignations and terminations. And don’t forget that your songs stay with BMI while they are subject to “licenses in effect,” meaning that even when a songwriter leaves, their catalog stays behind for the term of existing licenses.
6. What Does Google Have To Do With All This?
We aren’t really sure, other than the fact that CapitalG (Alphabet’s independent growth fund) is listed at the end of the press release announcing the sale. Google owns YouTube, which has a history of underpaying songwriters — at least for its ad-supported tier. We will be watching this one closely.
Jordan Bromley leads Manatt Entertainment, a legal and consulting firm providing services to the entertainment industry for over 45 years. He sits on the Board of Directors for the Music Artists Coalition, an artist first advocacy coalition established in 2019.
BMG has extended its global publishing deal with Pitbull. He first signed to the company nearly a decade ago, and under this renewed partnership, his back catalog of hits and future songs will be administered by the BMG team. Warner Chappell Music has signed singer-songwriter Dido to a new publishing deal, including her back catalog […]
BMI is being sold to a New Mountain Capital-led shareholder group in a deal that is expected to close by the end of the first quarter of 2024, a company spokesperson confirmed with Billboard.
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While terms of the deal were not disclosed, the buyer announced that as part of the deal BMI’s current shareholders will allocate $100 million of the sale’s proceeds to songwriters and publishers affiliates “in recognition of [their] creativity.” That planned payout will adhere to BMI’s distribution methodologies.
The deal still needs to be approved by the broadcaster shareholders that have long owned the performance rights organization and will also need regulatory approval.
“Today marks an exciting new chapter for BMI that puts us in the best possible position to stay ahead of the evolving industry and ensure the long-term success of our music creators,” BMI president and CEO Mike O’Neill said in a statement. “New Mountain is an ideal partner because they believe in our mission and understand that the key to success for our company lies in delivering value to our affiliates.”
As part of the agreement, New Mountain is reserving additional capital to fund growth investments and technology enhancement to help BMI’s long-term plan to maximize distributions for its affiliates and improve the service it provides to songwriters and publishers.
“BMI has been a trusted guide and champion of music creators from the beginning, and we are privileged to work with the company and its 1.4 million affiliates to build on that incredible legacy,” New Mountain managing director Pete Masucci said in a statement. “There are numerous growth opportunities ahead for BMI with significant potential to generate more value for the work of its songwriters, composers and publishers. We look forward to working together alongside Mike and his team to capitalize on those opportunities for the benefit of all BMI stakeholders.”
In emphasizing the buyer’s commitment to investment in next generation technology platforms, New Mountain director Mike Oshinsky said in a statement, “There is tremendous opportunity to modernize this critical part of music infrastructure and ensure that long term royalty collections for songwriters, composers and publishers continue to grow. With our support, BMI is ideally positioned to drive this transformation as the only PRO in the world to combine an open-door policy to all music creators with the innovation and commercial drive of a for-profit business.”
Goldman Sachs & Co. LLC served as financial advisor to BMI and Fried, Frank, Harris, Shriver & Jacobson LLP served as its legal advisor. Moelis & Company served as financial advisor to New Mountain, and Simpson Thacher & Bartlett, LLP served as its legal advisor. As part of New Mountain’s investment, CapitalG will also invest a passive minority stake in BMI.
Suhel Nafar understands the impact that music can have around the world.
Born in Lod — a city about 25 miles from Jerusalem — to Palestinian parents, Nafar learned English by listening to Dead Prez, 2Pac and The Notorious B.I.G. The influence of these artists was so strong that in the late 1990s, he — along with his brother Tamer Nafar and their friend Mahmoud Jreri — started the first Palestinian hip-hop group, DAM.
“Listening to hip-hop and seeing music videos of artists being chased by police and feeling their oppression and their anger without knowing what they were talking about because I didn’t speak English — I felt they were talking about me,” Nafar tells Billboard over Zoom from Lod in late October.
He spent 20 years touring the world with DAM, whose lyrics focused on such topics as inequality and oppression. Through his travels, he saw a need in the market and is now working behind the scenes to fill it.
“There aren’t enough of us,” Nafar says, “Arabs, Muslims, brown people and people of color in the music industry to support the artists in the region and around the world.”
Nafar started working on videos, films and other jobs that focused on artists in the West Asia and North Africa (WANA) region, which includes the Middle East, and helped its music scene coalesce. He moved to the United States in 2013 and taught as an artist in residence at New York University and, in 2018, began a three-year stint at Spotify. There, he helped establish WANA content on the platform and worked in its artist and industry partnerships division.
As vp of strategy and development at EMPIRE, where Nafar started in early 2021, he is leading the company’s expansion into the WANA region, which is rich with talent. Nafar says the generation of musicians he is fostering can help heal “the wound” inflicted by the conflicts there and their far-reaching repercussions.
He sees “glocalization” — global music genres such as pop and hip-hop adapted to WANA cultures — as the ideal delivery system and cites “Rajieen,” a direct response to the crisis featuring 25 WANA artists as an example. Nafar says the song and its powerful video have reached almost 10 million streams across all platforms.
What is EMPIRE’s West Asia and North Africa strategy?
I decided to move to EMPIRE because I felt that the technology of Spotify is great but that artists needed more behind-the-scenes support. [I needed] to be closer to artists and work with them on strategy. As a person that had the artist background, the [digital service provider] background and the content creation background, I thought I would help artists more from the label side.
At EMPIRE, I handle the strategy and development for the region. It means working with a lot of artists on signings and signing labels as well. I’m also developing the market. There’s a gap [in the WANA region] because we don’t have enough people behind the scenes. We don’t have enough managers. We don’t have enough labels.
How does EMPIRE’s independent approach to business influence your efforts?
My whole idea was how I could create a more independent mentality for others so that they could create their own EMPIREs and build their own rosters and executive teams. We signed a lot of labels from the region, along with good people who love music and are just missing skills, or people who have the skills but are missing people to be on their team. We’re providing this infrastructure to a lot of people here.
You’re saying that you’re building the industry itself, to a certain extent.
It’s supporting to amplify what’s already there more than building, I would say.
Nafar says he received this relief of Handala, a national symbol of the Palestinian people, “from a group of kids who attended one of my music and film workshops,” which he conducted in impoverished neighborhoods and refugee camps in Palestine.
Amir Nafar
What have been your biggest successes so far?
The number of female artists we have is amazing. We had at least four Arab female artists on Spotify’s Times Square billboard. My team and I are supporting voices of females from Morocco, Palestine, Jordan, Egypt and the diaspora. This type of excitement inspires other female artists to grow. I’m really proud of that.
Who are some Arab artists you’re most excited about?
Maro is a half-Lebanese, half-Ukrainian artist who speaks Arabic, English, French, Ukrainian and Russian and can sing in every language. He was raised in Beirut, where he grew up playing guitar in the streets as a busker. When there was violence in Lebanon, he had to move to Norway … We got an opportunity to bring him to the U.S., where he’s living now.
What about hip-hop artists?
MC Abdul, a 15-year-old kid from Gaza, is a genius who started rapping when he was 9. He learned English from hip-hop and speaks it better than a lot of Americans I know. A few months ago, we finally got him out of Gaza and flew him and his dad to San Francisco on an artist visa. He performed an amazing show there for over 20,000 people. He was in the studio and taking meetings to start his album rollout and was supposed to come back to Gaza [a few] weeks ago. Then the whole situation started, so he couldn’t go back to his family.
Another artist I love is Soulja, a rapper from Sudan. When the war in Sudan happened, we had to help him escape from Sudan to Egypt, and now he’s in Saudi Arabia. His recent release, “Ayam,” is a breakup song where he’s telling his love he doesn’t want to see her anymore, but his love is actually Sudan. He wrote it the day he escaped and was almost killed.
Name one of the women artists you’re supporting.
Nai Barghouti is another amazing artist. She’s a traditional Palestinian folk artist who recently did a song with Skrillex, “Xena.” Her vocal skills are unbelievable. Sometimes we’re like, “Are you human?” Because sometimes it feels like her voice is just an instrument. We’re working on a few projects with her.
Developing Arab artists and promoting the region globally must feel like a once-in-a-lifetime opportunity.
There are people who’ve been in this field before me that did a lot of great work and other cultures that inspired us a lot. My days at Spotify inspired me so much because I worked closely with the Latin team, the Afro team, the Desi team. I watched how K-pop started from the early stages. I just localized what I learned from all those different cultures.
Amir Nafar
How have things shifted since the recent conflict started? What are your workdays like?
Artists are not feeling like they want to release music. That’s the biggest hit. The department I’m running [went from releasing] at least 20 songs a week to almost no songs. The first week, it was the shock of “What the fuck is going on?” and then canceling shows. A lot of festivals all around the Arab world were canceled.
As an artist myself, this is not the first time I’ve gone through it. There have been many times when we were about to drop an album, then Israel invaded Gaza, or there was some protest, or people were getting killed. We learned how to maneuver in these unfortunate situations.
What’s the first move in that maneuvering?
Before business is people. A lot of it is mental support because many artists are going through a lot of emotional pain right now. Everyone knows someone in Gaza. Every family knows a family. I know a hip-hop producer in Gaza that lost his entire family.
If this becomes a long war, how do you foresee it affecting your business?
Music is like history books. The artists will be the ones telling the stories. They will document what’s happening better than the Western media. They will do better songs than Taylor Swift and not do a post about Taylor Swift’s bodyguard. I just hope this won’t get to a point when it’s normalized and [people] will forget about it.
The story of Taylor Swift’s bodyguard returning to Israel to serve in the Israel Defense Forces was widely covered by the media, including Billboard. What are your thoughts on that story?
From my perspective, showing how cute this bodyguard is [who is] going to join the army is not something to make cool at a time when thousands of kids are being killed. [Humanitarian organizations] consider the IDF an illegal army that has done a lot of illegal activities. We as people who are working for music and culture should be uplifting the voices that would heal this wound and not say, “Look at this Taylor Swift bodyguard.”
Is there anything else you would like to say?
I wish this interview was in a different time [with me] talking more about the business. I actually almost canceled because it’s overwhelming watching my family and friends going through genocide. I want to represent the new generation and the music that is fucking amazing; not the situation where there’s an oppressor bombing families as we speak.
I also want to say that from a music and culture perspective, we’re entering a very unique era of the glocalization of a new generation. The culture is morphing. There isn’t one culture anymore. There’s no one genre anymore. This is the voice that I would like to amplify more than anything.
Amir Nafar
Sony Music Publishing ruled the Top Radio Airplay, Hot 100 Songs and Country Airplay publisher rankings for its third consecutive quarter of 2023, and Warner Chappell Music surged to No. 2 on the Hot 100 Songs chart — the first time it has held the position since the Hot 100 ranking began in 2019.
For the period spanning July through September, all of the big three publishers benefited from shares in the Afrobeats radio hit “Calm Down” by Rema and Selena Gomez. Sony also benefited from stakes in “Last Night” by Morgan Wallen, which hit No. 5 on the Top Radio Airplay chart, and Taylor Swift’s surprise hit “Cruel Summer,” which reached No. 3 on the quarter’s Hot 100 Songs ranking, four years after its initial release due to its placement as the opening song of Swift’s The Eras Tour.
Last quarter, Tracy Chapman’s Purple Rabbit Music publishing company broke into the Hot 100 and Top Radio Airplay charts (ranking No. 7 and No. 10, respectively) for the first time, thanks to Luke Combs’ cover of her 1988 song “Fast Car.” This quarter, her market share as a publisher/songwriter grew even higher. Chapman finished the quarter as the top songwriter on all three charts, propelling Purple Rabbit Music to No. 5 on Top Radio Airplay and No. 6 on both Hot 100 Songs and Country Airplay.
But she wasn’t the only self-published songwriter to make the charts this quarter. As the sole writer of “Rich Men North of Richmond,” Oliver Anthony Music’s publishing company, Christopher Anthony Lunsford Pub Designee, placed at No. 8 on Hot 100 Songs with a 1.49% market share, surpassing such top 10 perennials as Downtown and Reservoir. Like Chapman, Anthony is the sole songwriter of his breakthrough song.
This is the first time that two independent songwriters have broken into the Hot 100 Songs chart at the same time.
Warner Chappell rose to No. 2 on the Hot 100 ranking for the first time in 19 quarters. Previously, it often ranked third or fourth. “Last Night” by Morgan Wallen, “Calm Down” by Rema and Selena Gomez, and 49 other Hot 100 Songs hits accounted for its strong showing of 18.18% of the market share. The publisher held steady in third place on the Top Radio Airplay chart with 15.87% of the market share, and ranked second on the Country Airplay chart with a 26.2% share.
Universal Music Publishing Group took second place on Top Radio Airplay — where its song placements increased to 52 from 49 in the second quarter — and third on Hot 100 Songs. Combs’ “Love You Anyway,” No. 3 on Country Airplay; “Cruel Summer”; and “Calm Down” were UMPG’s highest-ranked songs.
Kobalt held fast to No. 4 on both Top Radio Airplay and Hot 100 Songs but slid to No. 5 on Country Airplay behind BMG. The latter publisher’s share in Jelly Roll’s “Need a Favor” helped it edge past Kobalt’s 4.59% market share with 4.93%.
BMG and Big Machine Music both climbed in the ranks on the Country Airplay charts this quarter. BMG rose from fifth to fourth ranking, thanks to its share of 12 songs on the chart this quarter, including Jelly Roll’s “Need a Favor.” BMM climbed from eighth last quarter (2.57%) to seventh this quarter (2.97%), thanks in part to Luke Bryan’s “But I Got a Beer In My Hand.”
Concord finished 10th on Top Radio Airplay with 1.37%. That percentage might rise in the fourth quarter due to its acquisitions of Round Hill Music and Mojo Music & Media in September. If Concord’s third-quarter market share was combined with those of Round Hill and Pulse, which Concord also owns but lists separately, it would have finished at No. 5 on Top Radio Airplay with 4.96% and at No. 7 on Hot 100 Songs with 3.1%.
Rounding out the top 10, Reservoir fell to No. 8 on Top Radio Airplay with 1.82%, though it improved on its No. 7-ranked second-quarter share of 1.62%. It rounded out the Hot 100 Songs top 10 with 1.17%. Hipgnosis (1.76%) and Downtown (1.44%) finished at No. 9 on Top Radio Airplay and Hot 100 Songs, respectively.
Additional reporting by Ed Christman.
Up-and-coming Mexican singer/songwriter Angel Sandoval has signed a multi-year global publishing agreement with Kobalt. This will be the first publishing agreement for the 23-year-old artist, who earlier this year, won his first SESAC Latin Music award for “Si Ya Hiciste el Mal,” which was recorded by Luis R. Conriquez and Jessi Uribe. Explore See latest […]
Now that the Hollywood actors’ strike is over, music supervisor Justin Kamps can afford to keep his 3-year-old daughter in daycare. “Things were getting a little bit scary these last couple months,” says Kamps, who picks songs for Bridgerton, Grey’s Anatomy and other hit TV shows. “We were going through the financials and cutting back whatever we can.”
SAG-AFTRA’s 60,000 members voted to approve a deal with studios last Friday, after halting work for nearly four months, following a screenwriters’ strike that lasted from early May to late September — both of which were devastating not just to Hollywood but the $2 billion music-synch industry. “That’s been quite a dark thing,” Stephanie Diaz Matos, head of music supervision for writer-actress Issa Rae‘s music company Raedio, told Billboard in July.
With Hollywood going back to work, TV shows and movies have already resumed sending out briefs to publishers and record labels requesting songs for key dramatic moments and soundtracks. “It’s definitely a relief,” says Alison Dannenberg Frost, vp of film and TV creative for music publisher peermusic. “We saw a slowdown on the creative side and licenses coming in the door. We really just started seeing it affecting our monthly numbers.” The synch business makes up 50% of Spirit Music Group’s publishing revenue, according to Amy Hartman, the company’s senior vp of creative services, film and TV music, who adds, “It’s incredibly important.”
Had the strikes continued much longer, Spirit would have had to consider cutbacks and “do some reevaluating,” Hartman says. “Thankfully, we’re pretty lean and mean, so we weren’t forced to face that question.”
By contrast, music supervisors for films and TV shows are generally freelance contractors and had to scramble to stay afloat financially during the strikes. Laura Webb, a supervisor for Love at First Sight, Monster High and other shows, spent the first month of the strikes on post-production for existing shows, but one of them wound up getting canceled and cut the pay for that job in half. “We have no protections. We were expecting to get that money, and we just lost it,” she says. “The last week has been slower, for sure — the slowest it’s been. But hopefully good timing for things to turn around.”
Webb and her colleagues faced a separate setback over the summer, when the National Labor Relations Board ruled against part-time freelance Netflix music supervisors who’d requested a union certification election in October 2022. After Netflix refused to recognize the union, the supervisors argued they needed collective-bargaining power to improve their financial conditions: “Their responsibilities have expanded, their conditions have deteriorated, and their pay has stagnated,” the International Alliance of Theatrical Stage Employees, which collaborated with the Netflix employees, declared at the time. But Danielle M. Pierce, the NLRB’s acting regional director, wrote in August that “music supervisors are independent contractors who are not employees of Netflix.”
“We’re regrouping and trying to figure out next steps,” Webb says. “It’s not over, but really a big blow.”
Throughout the strikes, music companies pivoted to an increased focus on pitching for synchs in video games and TV commercials — continuing to take music supervisors to lunch to maintain relationships and help out their struggling freelance colleagues. Peermusic donated $100 grocery-store gift cards to out-of-work members of the Guild of Music Supervisors, a non-profit organization.
Although Spirit’s Hartman is ready for the synch faucet to turn back on and “all the beautiful amount of licensing and briefs to come our way,” peermusic’s Frost expects a lag, possibly extending into early 2024. Movie and show projects are likely to restart at the “script and filming stage,” she says, while synch work generally begins during post-production at the end: “I’m predicting it’s going to be a slow pickup, especially now we’re going into the holidays.”
Because Netflix, Disney and other top studios have said they would pull back on new content, the synch business may also begin to flatten after years of growth. Frost predicts a post-strike boom in synchs in early 2024, followed by a longer-term drop-off: “I think it’s going to slow down as streamers adjust to this new world, and they’re picking up less content.” Heather Guibert, a music supervisor working on a documentary about songwriter Diane Warren, adds: “Disney used to make, let’s hypothesize, 100 projects a year; suddenly, that goes down to 50. That’s 50 fewer projects for the music supervisor to work on. It’s rough.”
During the strikes, Amanda Krieg Thomas, a music supervisor for American Horror Story and Monster: The Jeffrey Dahmer Story, had to slash the hours for the three employees of her company, Yay Team — forcing one of them to quit for another job. She’s hopeful — and “still a little cautious” — that the post-strike era will restore her company to maximum financial health. “What’s the new normal? Is there actually going to be less content, and what does that look like for music supervisors?” she asks. “But everybody’s excited to really get going again.”
In the Mechanical Licensing Collective’s (The MLC) third annual membership meeting, the Nashville-based non-profit organization revealed that it has distributed $1.5 billion in total royalties to date to songwriters and publishers, up by about $500 million from March.
This year marked the Music Modernization Act‘s fifth anniversary since passing into law — the landmark occasion that instructed the MLC’s formation. As part of the law, a new blanket license was created for musical work (also known as “song” or “composition”) mechanical royalties that greatly simplified music licensing for digital services like Spotify and Apple Music, among others.
The previous, piece-meal system was not only complicated for the services — it also led to a growing pool of over $400 million in streaming royalties that were unallocated because the compositions’ owners couldn’t be found. (This is colloquially known in the business as “black box” money, although the MLC uses the term “historical unmatched royalties.”) The MLC was tasked to implement and administer this new blanket license and distribute the money in this stagnant royalty pool. It officially opened its doors on Jan. 1, 2021.
According to its latest report, The MLC has completed 31 monthly royalty distributions to date, each one of them completed on time or early. Its match rate for all royalties processed through October is also up 1% since their last reporting in March, rising from 89% to 90%. According to the MLC, the match rate represented the percentage of total royalties processed that were able to match to a registered work in their database.
The MLC reported a membership of 32,000 people — 9,000 of which joined in 2023 — and touts 33 million works in its database, with data for over 3 million works added in 2023 alone. An MLC spokesperson clarified that this metric means that there were 3 million new songs this year, calculated by taking the total number of songs registered at the beginning of the year and comparing that to the total number registered at the end of September.
During the membership meeting, The MLC also announced some new board appointments. Alisa Coleman was re-elected by The MLC’s Class B Members to serve on The MLC’s Board of Directors for a second three-year term; The MLC’s Class A Members selected Troy Verges to fill the open seat as a songwriter director of the board, a position previously held by Craig Wiseman; The Class A Members selected Kevin Kadish to serve a second three-year term as a songwriter director of the board. (The Class C membership will not change in 2024.)
“We are proud of these accomplishments, particularly in reaching the milestone of distributing over $1.5 billion in royalties,” said Kris Ahrend, CEO of the MLC. “We have effectively illuminated the black box by empowering our members with several tools that enable them to take actions intended to eliminate the black box. We look forward to continuing our work to fulfill our mission of ensuring songwriters, composers, lyricists and music publishers receive their mechanical royalties from streaming & download services in the United States accurately and on time.”
As part of the five year anniversary of the MMA, Congress hosted a committee hearing in June to review its impact on the music business so far. Ahrend, along with Garrett Levin (then-president and CEO, Digital Media Association), Michael Molinar (president, Big Machine Music), Abby North (president, North Music Group), Daniel Tashian (songwriter, producer) and David Porter (songwriter, producer) all spoke as witnesses.
Kobalt has extended its worldwide publishing deal with rap superstar Gunna. The agreement includes global synch and creative services for all of Gunna’s catalog as well as future works. “Gunna is a superstar, plain and simple,” says Kobalt CEO Laurent Hubert. “It’s been incredible to see him attain these musical achievements while at Kobalt. We are honored to continue our partnership with Gunna and his team and look forward to supporting their efforts.”
BMG has signed a publishing deal with Daniel Johns, encompassing his entire Silverchair catalog. The worldwide deal immediately includes all of Johns’ publishing interests on his sophomore solo album FutureNever, and it will eventually include his catalogue of global hits including “Straight Lines,” “The Greatest View,” “Ana’s Song,” “Freak,” “Tomorrow” and many others reverting into the deal in 2025.
Warner Chappell Music and Madfun Entertainment have extended their publishing agreement with Matt Jenkins and have purchased Jenkins’ back catalog of music. This includes songs like “Happy Anywhere” by Blake Shelton and Gwen Stefani, “Buy Dirt” by Jordan Davis ft. Luke Bryan, and more.
Reservoir has announced a new deal with Grammy-winning country songwriter/producer/engineer Brent Maher. The company’s relationship with Maher began in 2018 when it acquired rights to Maher’s full catalog, and now it will also be involved in his future works as well. over the course of his career, Maher has worked on a slew of hits, including songs recorded by The Judds, Tanya Tucker, Dottie West, Tina Turner, Kenny Rogers, and more.
Warner Chappell Music has signed rising country trio The Castellows. Comprised of Ellie, Powell and Lily, the band recently signed a record deal with Warner Records and Warner Music Nashville and released their debut song “No. 7 Road.”
Budde Music and Karma Songs have extended their publishing deal with Nick Bradley, a London-based songwriter who has written songs with James Blunt, Bow Anderson, Røry, Matteo Bocelli, Don Diablo, You Me At Six, Maneskin, Kelvin Jones, NCT 127 and Flux Pavilion.
Warner Chappell Music has renewed its publishing deal with multi-platinum songwriter Rick Boardman. His credits include songs with Marshmello, Jonas Brothers, Khalid, Bebe Rexha, Louis Tomlinson, Clean Bandit, and Jess Glynne.
Universal Music Publishing Group has signed a global publishing deal with Mexican singer-songwriter Carin Leon. He’s known best for his Latin Grammy-winning song “Como Lo Hice Yo,” but he also has a slew of other popular songs, including “Ni me debes ni te debo,” “Te lo agradezco,” “Me haces tan bien,” and more.
Concord Music Publishing has signed Nashville-based songwriter and producer Aaron Eshuis. The worldwide co-publishing deal is effective immediately and also includes a selection of his existing catalog and all future works. His catalog includes cuts with Scotty McCreery, Rascal Flatts, Joe Nichols, A Thousand Horses, Catie Offerman, Kameron Marlowe, Corey Kent, Cole Swindell, Kylie Morgan, Meghan Patrick, and Mason Ramsey.
Position Music has signed producer, songwriter and multi-instrumentalist Alex Wilke to a worldwide publishing deal. So far, the rising hitmaker has worked on songs with Maddie Zahm, Leah Kate, Lexi Jayde, Jake Miller and more.
During a show last month at Madison Square Garden, Stevie Nicks announced a surprise collaboration with an unlikely partner: Barbie.
The 75-year-old musician, who rose to rock icon status as a member of Fleetwood Mac and as a solo musician, told the sold-out crowd that a doll fashioned after her 27-year-old self would soon be released (she later announced the news on X). When the $55 doll was made available for pre-order hours later, it sold out almost instantly.
The tambourine-toting Stevie Nicks Barbie doll arrives to buyers on Friday (Nov. 10) as part of a limited-edition collaboration between Nicks, Barbie manufacturer Mattel and independent publisher Primary Wave. Primary Wave’s chief brand officer, Jeff Straughn, says that “all the stars aligned” for a project that’s also creating fresh opportunities for Nicks and the company.
In 2020, Primary Wave acquired a majority stake in Nicks’ publishing copyrights as well as her name and likeness (partnering with Kobalt on administration for the catalog). As part of the deal, Primary Wave represents Nicks in brand alliance and brand marketing opportunities and offers her access to its marketing, branding, Broadway, film/TV, digital strategy, licensing and synch teams. The Stevie Nicks Barbie is the first project developed under this partnership.
The company had already established a sparkling track record in such endeavors, telling Billboard last year that it had quadrupled the value of the Whitney Houston estate after assuming 50% ownership of the late icon’s assets in 2019. Other legendary clients include Smokey Robinson, portions of the estates of Prince and Bob Marley and the entire James Brown estate.
Primary Wave had already been in general discussions with Mattel about prospective collaborations when it signed the deal with Nicks. “Given that we have a lot of legendary and active artists, I felt like there had to be a match,” says Straughn. “We went into the conversation a little broader, but we also knew, through my conversations with Sheryl [Louis, Nicks’ longtime manager] that Barbie would be something Stevie is very interested in doing.”
“She doesn’t say yes to a lot of things,” Straughn continues, “but this isn’t about branding for her, this is a passion … and what we try to do a Primary Wave is go with organic opportunities that are authentic to the brand and audience.”
Nicks and her team worked directly with Mattel on the doll’s design. There were several iterations of the face and outfit, with the team ultimately styling it after Nicks’ iconic look from the cover of Fleetwood Mac’s 1977 classic, Rumours. Nicks even sent the actual outfit she wore on the album cover to Mattel for accuracy.
“Sheryl told me from the beginning that when Stevie gets involved, she’s hands-on, and she wasn’t lying,” says Straughn.
The doll is thus dressed in a black velvet dress with gauzy flowing sleeves. She sports a pendant necklace and a moody gaze that seems to ponder the players who only love you when they’re playing, with Nicks overseeing details “all the way down to the tambourine,” says Straughn.
Stevie Nicks Barbie
Excitement about the project was already high at Primary Wave during development, but the project was brought to a new level with the 2023 Barbie movie. The film — which was released in July and grossed $1.4 billion at the box office — fostered a renewed level of appeal and cultural relevancy for the Barbie brand, helping fuel enthusiasm around Nicks’ version of the doll.
While the doll was originally slated to come out closer to the 2023 holiday season, it was Nicks’ idea to move up the release date to capitalize on movie’s success, an opportunity Straughn calls “once in a lifetime” synergy.
The Barbie movie’s appeal also synchs with Nicks’ own broad fanbase. “Not many artists like Stevie, who’s 75, can hit multi-generations,” says Straughn. “There are seven-year-olds out there that love Stevie Nicks.” He says Mattel was aware of this broad appeal and “identified Stevie as something that would be interesting to them, based on their research.”
Mattel has previously transformed rock stars into toys with Barbie versions of Tina Turner, David Bowie, Gloria Estefan and Celia Cruz. Now, Straughn says other Primary Wave artists have approached him asking for their own doll. Although he says it’s not a project every artist can do, he does hint that other Primary Wave collaborations with Mattel may be forthcoming.
The doll — already selling for more than twice its sticker price on the secondary market — isn’t likely to generate vast revenue and wasn’t intended to. (Primary Wave is not able to disclose exactly how many dolls were manufactured, although Straughn estimates it was “tens of thousands.”)
“It wasn’t as much about a financial win as much as it was about marketing,” says Straughn. The real benefit is the buzz that’s lifting all parts of Nicks’ and Primary Wave’s businesses. Straughn reports that streams of Nicks’ music have gone up since the doll’s announcement, and that it has brought multiple queries about synching her work for campaigns.
“That impact is exactly why I lead this branding team,” says Straughn. “The message here is really that these projects open up other opportunities, music-wise.”
Stevie Nicks Barbie