General News

Facebook inks licensing deals For Global Music Rights

Facebook inks licensing deals with Kobalt, HFA/Rumblefish and Global Music Rights

After securing two major deals with Universal Music Group and Sony/ATV, Facebook has signed three more significant music licensing agreements – this time with SESAC’s HFA/Rumblefish platform, Kobalt Music Publishing and Irving Azoff’s Global Music Rights.

Rumblefish was acquired by SESAC as part of its Harry Fox Agency (HFA) buyout in 2015, and specializes in services for US-based independent publishers – including composition and recording administration, data and royalty management, licensing and network monetization.

SESAC says that its new Facebook agreement – a standardized deal in which indie publishers can choose to opt in – will provide ‘streamline music licensing and administration for the independent publishing market’.

“Facebook will ensure songwriters are paid fairly and new revenue streams are created for user uploaded video.” Willard Ahdritz, Kobalt

Willard Ahdritz, Kobalt Founder & CEO of Kobalt, said of his firm’s multi-year deal: “In the spirit of a true partnership, Facebook will ensure songwriters are paid fairly and new revenue streams are created for user uploaded video. “We look forward to working closely with Facebook throughout our partnership. And, Kobalt is committed to distributing royalties in a fully transparent way.”

Global Music Rights is Irving Azoff’s US Performing Rights Organization which represents such writers and performers as Pharrell Williams, Bruno Mars, Drake, Bruce Springsteen and Smokey Robinson, among others.

“With our deep relationships and unparalleled reach to both the major and the indie publishing market, coupled with the most comprehensive service suite, Rumblefish is a natural partner for Facebook.” Michael Simon, SESAC/HFA/Rumblefish

Irving Azoff commented, “Our partnership with Facebook reflects that when music is valued properly, it’s easy for both sides to view it as a win-win.”

The deals will enable Facebook to provide social features that involve Rumblefish, Kobalt and GMR-managed music across Facebook, Instagram and Oculus.

Scott Sellwood, Head of Commercial Music Publishing Partnerships at Facebook, said: “Facebook and SESAC’s HFA/Rumblefish are excited to offer the vibrant independent publishing community the opportunity to participate in a new licensing program with Facebook.

“The program will enable users to upload and share videos with music on Facebook, Instagram and Oculus and allows publishers to be compensated for the use of their music.

“Rumblefish will also help Facebook optimize the identification and clearance of musical works through an innovative data-sharing agreement. This partnership with HFA/Rumblefish and an opt-in for independent publishers opens as of today.”

Michael Simon, President, Rumblefish and HFA, said: “With our deep relationships and unparalleled reach to both the major and the indie publishing market, coupled with the most comprehensive service suite, Rumblefish is a natural partner for Facebook.

“This alignment not only reinforces Rumblefish’s position as home to the world’s largest, most authoritative database of musical works linked to-recordings, but also our commitment to bring new licensing opportunities to the publishing market.”

NMPA President & CEO David Israelite added, “This new partnership between Facebook and the music publishing industry is a great step forward for the platform and for songwriters. Music provides value to Facebook and its users and ensuring that the creators of that music are compensated is paramount.

“We appreciate Facebook’s willingness to recognize the economic contribution of songwriters as well as its effort to create a system that properly streamlines payments moving forward. Other digital services should take note and follow suit.”

 – MusicStartsHere

Discussion

No comments yet.

On behalf of the Independent Artists Worldwide we thank you for taking time out to comment on this article, we all appreciate it very much

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Visitors in Last 10 Minutes

February 2018
M T W T F S S
« Jan   Mar »
 1234
567891011
12131415161718
19202122232425
262728  

Enter your email address to follow your news and receive notifications of Breaking News

Join 1,234 other followers

%d bloggers like this: