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April 11, 2022

April News

  • View Webcasts of Panels – One of the many benefits of membership is our archive of past panels and webinars.  If you missed the LA Chapter's webinar "Peeking Behind The Curtain: What Really Happens When You Issue An LOD?",  members can view all archived panel and webinar videos here.  All are welcome to view a sampling of video clips here.  Another membership benefit is discount rates to select non-AIMP events, such as the upcoming MusicBiz2022 conference, happening May 9-12 in Nashville.  Log in to the Members Area to get your discount code and attend the full conference for just $499!  
  • The US Copyright Royalty Board (CRB), which sits within the Library of Congress and sets a wide range of royalty rates for the use of music, has withdraw a proposed settlement between music publishers and record labels which would have frozen mechanical rates on physical products and downloads between 2023 and 2027 with a rate dating back to 2006.  Read more here!
  • The rows over whether publishers should get a bigger slice of streaming royalties continue, as do the arguments about whether the three major publishers are hampered in their lobbying for this by their parent companies.  There’s a new contribution to the debate from former Spotify director of economics Will Page, who has been crunching some historical data in search of new insights.  Specifically, Page has gone back to numbers from the IFPI and NMPA from 2001, calculated the ‘global value of copyright’ for that year – something he does annually with contemporary figures – and compared it to the latest available figures: 2020.  Read his results here
  • NFT Collection Failures Begin to Mount in Flashback to ICO Bust - One in three NFT projects have little or no trading activity.  Nansen analyzed collections comprised of 19.3 million NFTs; read those results here and be sure and tune in to our LA Chapter's webinar on May 19th to learn more about NFTs!
  • Congratulations to LA Chapter Board Member Erin M. Jacobson, Esq. for being named to Billboard’s 2022 Top Music Lawyers list!
  • If you need a refresher, here's a great interview with Kris Ahrend, CEO of The Mechanical Licensing Collective (The MLC), who diiscusses how it collects and distributes streaming and download royalties.
  • ASCAP members made a stellar showing at the 64th annual Grammy Awards, held April 3, 2022.  Congratulations to all of their Grammy Awards winners!
  • BMI was deeply saddened to learn of the death of singer/songwriter and former BMI executive Bobby Weinstein, who passed away last month at the age of 82. A New York City native, Weinstein started off his musical career in the mid-Fifties with his vocal group, The Legends, after winning a talent contest at the historic Apollo Theater. Weinstein continued writing music after the short-lived group disbanded, and hooked up with pop songwriter, Teddy Randazzo, in 1957. Together their collaboration spawned a string of chart-topping compositions.  Read more about him here
  • SESAC and its employees support the Ukrainian people and the Ukrainian creative community in their valiant struggle for freedom.  As an initial token of their support, they’ve donated $100,000 to support CreatorsforUkraine, a collective of CMOs, PROs and other organizations working together to provide financial support to Ukrainian creators, songwriters and composers during this challenging time.  They’re seeking ways to do more in coming weeks and want to inspire other companies and organizations in the creative community to do whatever they are able to support the Ukrainian creative community at this critical time.  Read more about their efforts here
  • Follow Us - And don't forget to follow the AIMP on Twitter or Instagram, like us on Facebook and join us on LinkedIn.

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Oud Publishing
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Legislation
The AIMP fully endorses the proposed CRB Subpart B settlement The AIMP fully supports the increase of the mechanical rate for physical sales and digital downloads from 9.1 cents to 12 cents. …

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AIMP Supports The MMA's MLC In a recently issued joint statement, the Association of Independent Music Publishers officials --National Chair and Los Angeles C …

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