As well as being surprised and honored at the accolade he received earlier this week from Brussels-based IMPALA, the Australia-born, Merlin CEO Charles Caldas spoke with Billboard.biz about how licensing the new digital-music services has boosted independents’ share of the global market, the amount of money streaming music could bring indies this year and why Universal chief Lucian Grainge needs to be careful about how he describes his empire’s future strategy.
A new Investing in Music report from international music-industry trade body IFPI was released today that states record companies invested $4.5 billion in A&R and marketing in 2011 -- of which $2.7 billion was invested in A&R exclusively -- and is far more than comparable industries invest in research and development.
Universal Music Group International COO Max Hole, speaking at a media conference for the industry’s Investing in Music report at the London headquarters for international trade body IFPI, disclosed UMG's plans for the newly acquired EMI Music which includes decentralizing control of EMI''s labels (including Capitol and Virgin Records) and to focus on emerging markets.
The plummeting sales of physical CDs in 2011 hurt the U.K.’s Mechanical-Copyright Protection Society which saw a loss of $3.9 million in mechanical royalties, society officials disclosed at the Music Publishers Association annual general meeting. MCPS chairman Nigel Elderton predicted it would be "five to seven years" before the organization began seeing growth again.
Despite announcing its best annual financial results in the organization’s 78-year history with, speakers at today’s annual general meeting for PPL, the licensing body representing U.K. labels and performers, lambasted the London Summer Olympic Games and large global digital media owners for failing to properly compensate music creators.
On the heels of yesterday’s announcement by the British Phonographic Institute (BPI) that digital sales have overtaken physical sales, comes news from the UK’s PRS For Music, Britain’s collection society, that digital royalty payments will match those from physical sales by 2014.