Revealed: The true value of '360' deals to labels. '360' deals brought in extra revenue worth £76m to UK record companies last year, according to new BPI research - as sync income continued to grow.
Revenues generated outside of CD, DVD and digital services (i.e. from music synchronisation, '360' artist deals, concerts, music-related TV production, broadcasting and public performance) grew strongly for labels in 2011 to £205.3m, accounting for a fifth (20.5%) of record industry trade turnover. The market for music synchronisation - the use of recordings in films, TV programmes, adverts and games – grew substantially to £18m, an increase of 11.9% year-on-year.
This was achieved despite a fall in games-related synchronisation deals, from £5.4m to £3.6m, as sales of games centred on music softened in 2011. Artist-related revenues from multiple-rights '360' deals - including concerts, merchandising, touring and sales of music direct from artist and label websites - remained strong during 2011. RIAA Accounting: Why Even Major Label Musicians Rarely Make Money From Album Sales. Universal Music Group. Universal Music Group (UMG) is the world’s leading music company and is comprised of two core businesses: recorded music and music publishing.
It is currently one of the “big four” music companies. The company discovers, develops, markets and distributes recorded music through a network of subsidiaries, joint ventures and licensees in 77 countries, representing 98% of the music market. UMG also sells and distributes music video and DVD products, and licenses recordings, encouraging the legal distribution of music online and over cellular, cable and satellite networks.
UMG includes Universal Music Latin Entertainment, the world’s leading Latin music company. UMG’s publishing company, Universal Music Publishing Group, is the world’s leading publishing business; it owns and acquires rights to musical compositions and licenses them for use in recordings and related uses, such as films and advertisements. Record Labels Artist Roster. Universal completes EMI acquisition, all eyes now on the Parlophone Label Group. As expected, the Universal Music Group completed its acquisition of the EMI record company on Friday, bringing to an end nearly a year of negotiations with regulators in Europe and elsewhere.
According to its agreement with former EMI owner Citigroup, Universal had handed over most of the £1.2 billion it bid for the EMI labels at the start of September. Ownership formally transferred on Friday though, a week after the deal won crucial regulator approval in the US and European Union, the latter coming with pretty radical remedies. Confirming the deal was now done, Universal top geezer Lucian Grainge told CMU: “EMI is finally returning to people who have music in their blood. We are acquiring incredible labels and a roster of stellar talent, including top-selling artists like Katy Perry, Lady Antebellum, The Beatles and The Beach Boys. Of course the EMI sale story isn’t quite over yet. 6 2 3 reddit 0 tumblr 0 Also from CMU...
US indies group calls for American remedies for Universal/EMI deal. EMI dumps Kylie and Coldplay in takeover by Universal Music. By Rupert Steiner Published: 23:16 GMT, 21 September 2012 | Updated: 23:44 GMT, 21 September 2012 Ditched: Popular Kylie Minogue will have to leave EMI Top acts including Kylie Minogue and Coldplay are being ditched by EMI as part of its takeover by French rival Universal Music.
As a result Britain will no longer boast an international music brand. EU and US regulators, which agreed the deal yesterday, said the new group would have to sell a large chunk of its acts as it could hurt competition. Universal Music Group won approval Friday from American and European regulators to buy the famed British music company EMI, including the hugely lucrative Beatles catalogue. But the EU imposed stringent restrictions on the deal, forcing Universal to sell some of EMI's biggest acts, such as Coldplay and Pink Floyd. Among EMI's assets that must go is Parlophone, home to those two British bands as well as Kylie Minogue and David Bowie. The U.S. Spun off: Pink Floyd pictured in London, circa 1967, will go.