General Discussion
In reply to the discussion: Open mic nights at bar lead to lawsuit from BMI over music, ask for $121,000 [View all]HiPointDem
(20,729 posts)same difference.
e.g. the beatles' catalog:
Gruss, the scion of a New York hedge-fund family and a one-time Bear Stearns & Co. investment banker, in early 2011 created a music publishing company, Round Hill Music, which has among its holdings the music and lyrics to six early Beatles songs.
Round Hill now has designs on scooping up more assets, including in portfolios that will be sold off following the $2.2 billion expected purchase of EMI Music Publishing by an investor group that includes Sony Corp., Blackstone Group LP, Abu Dhabis Mubadala Development Co, Raine Group and entertainment mogul David Geffen.
To win clearance from regulators in Europe and the U.S., the consortium earlier this year agreed to sell off world-wide publishing rights to several of its smaller catalogs, including Virgin Music Publishings songs in the U.K., the U.S. and Europe, as well as Famous Musics catalog of U.K. compositions. Those sales are now in process.
Sony controls 251 Beatles songs, which it wont be selling.
http://blogs.wsj.com/deals/2012/08/14/baby-youre-a-rich-man-ex-wall-streeter-owns-the-beatles-wants-more/
As McCartney puts it, "You know what doesn't feel very good is going on tour and paying to sing all my songs. Every time I sing 'Hey Jude' I've got to pay someone."
http://www.uncut.co.uk/paul-mccartney/mccartney-gets-back-the-beatles-songs-news