AFM, AFTRA, Recording Academy Respond To Sirius' Direct-Licensing Efforts

AFM, AFTRA, Recording Academy Respond To Sirius' Direct-Licensing Efforts

AFM, AFTRA, Recording Academy Respond To Sirius' Direct-Licensing Efforts
AFM
, AFTRA and The Recording Academy have alerted their individual memberships of Sirius XM Radio's attempt to bypass performing rights organization SoundExchange and license music directly from labels, which they say could reduce royalties paid to artists and producers. The organizations are urging artists and musicians to contact their labels and ask that their music continue to be licensed through SoundExchange. "It has come to our attention that satellite broadcaster Sirius/XM is seeking to bypass the standard system of paying royalties," said Recording Academy President/CEO Neil Portnow in an alert. "If they are allowed to do so, it will likely result in substantially reduced payments to artists and producers, a lowering of the value of performance royalties, and unnecessary conflict between artists and their labels." (10/28) 

EMI Auction Close To Finalizing
Bids to purchase EMI Music, which was put up for sale in June, are coming to a close with Len Blavatnik's Access Industries in the lead to purchase the company's recorded music division and BMG Rights Management the top candidate to acquire EMI Music Publishing, according to sources cited by Billboard.biz. Bids for the company's recorded music division are said to be in $1.5 – $1.6 billion range, while the publishing operation could go for $2 billion, according to the report. Citigroup, which acquired EMI earlier this year, is expected to make a decision by the end of this week. (10/28)
 

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