Canada Pays $48 Million In Royalties

Canada Pays $48 Million In Royalties

Canada Pays $48 Million In Royalties
Canada's four major record labels have agreed to pay $48 million to songwriters in copyright infringement damages and unpaid royalties, according to a Toronto Sun report. As part of the settlement, EMI Music Canada, Sony Music Entertainment Canada, Universal Music Canada, and Warner Music Canada will work to create an improved licensing system for copyright owners. The settlement follows a 2008 class action lawsuit led by jazz artist Chet Baker that alleged the four labels had reproduced more than 300,000 song titles without securing licenses or paying royalties. The settlement will be reviewed for court approval at a hearing on Feb. 15. (1/12)

Marsalis Family Receive Top Jazz Honors
Jazz musicians Branford, Delfeayo, Ellis, Jason, and Wynton Marsalis were honored with the 2011 National Endowment for the Arts Jazz Masters Award at a ceremony on Jan. 11 in New York, marking the first time the NEA has presented the award to a group. Also receiving awards were GRAMMY-nominated artists Hubert Laws and David Liebman and GRAMMY winner Johnny Mandel. Established in 1982, the NEA Jazz Masters Award recognizes artists who have made major contributions to jazz. Past recipients include Count Basie, Miles Davis, Ella Fitzgerald, Herbie Hancock, and Sonny Rollins. (1/12)

Myspace Announces Global Layoffs
Myspace
announced plans to lay off approximately 500 employees, representing 47 percent of the social networking service's staff, in a company-wide restructuring effort. Myspace CEO Mike Jones described the layoff as necessary to "provide the company with a clear path for sustained growth and profitability." Myspace's ad revenue is projected to total $300 million in 2011, down from $470 million in 2009, according to The New York Times. (1/12)

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