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FYI

SOCAN Dumps Audiam Without Explanation, Or A Sell Price

SOCAN has sold digital reproduction rights firm Audiam to SESAC after a short-lived acquisition spree under a previous regime.

SOCAN Dumps Audiam Without Explanation, Or A Sell Price

By External Source

SOCAN has sold digital reproduction rights firm Audiam to SESAC after a short-lived acquisition spree under a previous regime.


No financials were disclosed, even as the firm was presumably acquired with member funds. The Canadian PRO retains an undisclosed percentage, and no gross or net figures for Audiam are publicly available.

SOCAN CEO, Jennifer Brown, said, “SOCAN is delighted to complete this agreement with SESAC. Since our acquisition of Audiam in 2016, the organization has exceeded expectations, but the time is right for Audiam to continue its next phase with a new parent organization. We look forward to seeing this new chapter for Audiam as the organization benefits from new synergy with SESAC.”

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SESAC Chairman and CEO John Josephson said, “SESAC is acquiring Audiam with the intention of supporting the existing management team, and to act as a supportive strategic partner and capital provider. We anticipate a seamless transition in ownership with no disruption to the Audiam business activities as a result of this transaction. Going forward, we believe this will position SESAC well for enhanced growth of our multi-rights, multi-territory global rights management business and continued delivery of best-in-class service to our affiliates, licensees and commercial partners.”

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MILLENNIUM PARADE
Billboard Japan

MILLENNIUM PARADE

Music News

Japan’s MILLENNIUM PARADE Coming to Toronto on 2024 Global Tour: See the Schedule

The band, led by Daiki Tsuneta of King Gnu, will kick off the trek on Nov. 2 in Mexico City.

MILLENNIUM PARADE is set to launch its first-ever global tour called the WHO AND HOW TOUR 2024 in November, traveling to nine cities around the world for 10 shows.

The band, led by Daiki Tsuneta of King Gnu, will kick off the trek in Mexico City, then hit Los Angeles, New York, Toronto, Berlin, Paris, London, Utrecht, and Tokyo. The Tokyo shows will take place at Tokyo Garden Theater on Dec. 19 and 20. The tour will mark the first time in three years that the band performs live.

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