Sony/ATV Music Publishing
Since taking the helm of Sony/ATV Music Publishing in April 2007, Martin Bandier transformed the once-sleepy major publisher into a contender for every big deal that comes along-he's built a company that now has annual revenue of about $500 million. If a Sony-led consortium can complete its planned acquisition of EMI Music Publishing, it would be a particularly sweet moment for Bandier, giving him back control of the company he built and helmed for more than 18 years. According to sources, EMI would remain a separate entity, but with most music publishing functions handled by Sony, which will serve as an administrator. That arrangement-and the fact that Sony/ATV only has a 38% stake in the consortium that EMI won-has most industry observers betting that the deal will get the necessary regulatory approvals.
And that means Bandier will oversee copyrights that generate annual revenue of about $1.3 billion and represent artist/songwriters like Lady Gaga (see No. 84), Taylor Swift (No. 78), Shakira, Pitbull, Drake, Jay-Z (No. 13), Norah Jones and Kanye West, as well as the Beatles and Motown catalogs.
The benefits of the EMI deal are also evident from Billboard's rankings of music publishers based on their share of the top 100 U.S. airplay songs during a given quarter, as calculated by Harry Fox Agency using Nielsen BDS data. Sony/ATV ranked fourth in the third quarter of 2011, as its share of the top 100 songs fell to 11.5% from 14.4% a year earlier. By contrast, EMI finished first for the sixth consecutive quarter, with a 17.9% share, down slightly from 18.1% a year earlier.
Sony/ATV is a joint venture between Sony Corp. and the estate of Michael Jackson. But decision-making authority over use of the compositions in the Sony/ATV catalog rests with Sony, i.e., Bandier. And Sony/ATV also has first dibs on Jackson's own Mijac catalog when its administration deal with Warner/Chappell expires.
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