The clearance still leaves Sony waiting for the Federal Trade Commission, which is expected to take a few months before deciding whether to approve the $2.2B deal. But it’s still a big step forward for Sony’s ambition to make its Sony/ATV subsidiary — a joint venture with Michael Jackson’s estate — the No. 1 owner of music publishing rights. EMI’s catalog includes standards such as New York New York, You’ve Got A Friend, Ain’t No Mountain High Enough, Over The Rainbow, I Heard It Through The Grapevine, Singin’ In the Rain, and The James Bond Theme. The EU said that it would approve the acquisition once Sony divests four catalogs — Virgin UK, Virgin Europe, Virgin US, and Famous Music UK — and works by 12 contemporary songwriters including Gary Barlow, Ozzy Osbourne, Robbie Williams, Ben Harper, Lenny Kravitz, Placebo and The Kooks. With that agreement, READ MORE »
Apple made a major improvement to its digital music service today as it introduced iTunes Match. For $24.99 a year, iTunes will scan a user’s mobile gadget or hard drive, identify its recordings — including those copied from a …
LOS ANGELES AND NEW YORK (Oct. 1, 2011) — The National Board of Directors of the American Federation of Television and Radio Artists, AFL-CIO – a national union of more than 70,000 recording artists, broadcasters and actors – met today by videoconference plenary in Los Angeles and New York, and unanimously voted to authorize the AFTRA Sound Recordings Negotiating Committee to take all actions necessary, up to and including proceeding to a strike authorization vote if needed, to secure an agreement with the major record labels.
Negotiations between AFTRA and representatives from Sony, UMG, Warner, EMI, Disney and most of their subsidiary labels for a successor agreement to the AFTRA National Code of Fair Practice for Sound Recordings, the Union’s second largest national contract, commenced in New York on Aug. 15, with an additional round of bargaining held in Los Angeles the week of Sept. 12-16. An additional bargaining date has been set for Oct. 5 in an effort to resolve outstanding issues. AFTRA National Executive Director Kim Roberts Hedgpeth serves as Chief Negotiator for the Union.