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FYI

David Poe: Wouldn't It Be Nice If Musicians Didn't Have To Sue To Get Paid

Wouldn’t it be cool if someone working at companies who sell music, a product the company doesn’t create themselves, stepped up and said, “let’s fairly compensate our vendors, the musicmakers.”

David Poe: Wouldn't It Be Nice If Musicians Didn't Have To Sue To Get Paid

By External Source

Wouldn’t it be nice if musicians didn’t have to sue corporations to get paid? Wouldn’t it be cool if someone working at companies who sell music, a product the company doesn’t create themselves, stepped up and said, “let’s fairly compensate our vendors, the musicmakers.”


Today, SiriusXM finally agreed to pay $150 million for all the music recorded before 1972 that it played enthusiastically for years but for which it never paid, exploiting a legal loophole to ignore the innovative legacy artists who are now senior citizens.

Spotify recently paid nearly $50 million for its own chronic copyright infringement, but only after arguing (unsuccessfully) in court that it shouldn’t have to pay artists at all.

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Pandora has probably spent as much or more on lobbyists to argue on the Hill for lawmakers to lower payments due to musicians than it has actually paid us.

And traditional (terrestrial) American radio has still never paid recording artists ANYTHING, though every other democratic country does so.

The hits just keep on coming: statutory rate for a song on a CD or record is 9.1 cents, but I’m sure most are aware that a spin on a streaming service—the modern equivalent of radio, the practical replacement for the owning of music—renders far less than a penny a play.

Like all of us, I really love it when songs I’ve recorded, produced, written and/or co-written are heard on the radio, or on streaming services. I’ve had great times and made friends over the years at excellent radio stations across the country, and at both Sirius and XM before & after they merged. Some of the most creative programmers and curators in the broadcast business are employed by all of these entities, which make billions off music. Awesome, music-loving people.

One of them, a DJ, came out publicly to agree that Big Radio should pay the bands and was fired in short order by the radio station. Any likeminded colleagues certainly got the message.

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So while it’s been personally rewarding to stump for justice for musicians, and for the cause to consistently prevail when it gets to the courts, I can’t help but wonder why there isn’t an ethical voice, in both radio and in Big Tech, that says “in disrupting previous systems which were already precarious at best, we have become richer than our wildest dreams ... now, rather than fight them in court, it is time to fairly compensate the creatives who are the primary reason people use our services, buy our phones and hardware, and visit our websites.”

The audience ain’t coming there for the advertisements.

Sirius XM to Pay $150 Million to Settle Lawsuit Over Artists’ Royalties - WSJ

#IRespectMusic

 

 

Musician David Poe on his Facebook page

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Influence Media Wins Bid to Acquire Anthem Entertainment’s Music Assets
Business News

Influence Media Wins Bid to Acquire Anthem Entertainment’s Music Assets

Sources say the BlackRock-backed company bid slightly above $650 million for the assets, though the deal has yet to close.

Apparently, the third time really can be the charm, as sources say Influence Media Partners has emerged as the winner in the auction for the music assets of Anthem Entertainment, the Canadian music firm that houses music publishing assets and recorded masters royalties from the likes of Rush and Timbaland.

While two earlier efforts to sell the firm in 2017 and 2022 came up short, sources suggest that in the third go-round, the successful Goldman Sachs-shopped deal saw at least two bids come in above the $600 million mark, even though most other bidders were said to be in the $500 million to $600 million range before dropping out. In all, sources suggested that about a dozen suitors kicked the tires on Anthem.

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