Copyright and Spotify again.

SHARE PRICE

It’s cool how copyright makes money for valuable Intellectual Property. And you can’t get a bigger and more valuable IP than “The Beatles”.

The thing is, not one of the members from The Beatles held or even hold their rights. At one stage, Michael Jackson was the sole holder of the rights.

And with all the transfers and sell offs, The Beatles catalog settled at Round Hill Music Royalty Fund. But like all companies on the stock exchange, the share price just didn’t reflect the true value of the Company.

In this case, shares in the company were trading around $0.70. And share prices this low don’t make share holders and board members happy.

So in comes Alchemy Copyrights with a $496 million buyout offer which means shareholders in Round Hill Music will get $1.15 in cash per share. Suddenly, you have happy shareholders and board members, who get a nice payday for holding shares in culture.

They created nothing culturally and yet still benefit. But I keep hearing how stronger copyright is needed to protect the creators.

Mmmm.

SHARE PRICE 2

Hipgnosis Songs Fund is also selling some of its catalogues for $465 million. This is to pay down debt and increase its share price

And as expected, the share price increased,

Again, you have an organization that created nothing culturally and yet it still benefits. And I keep hearing how stronger copyright is needed to protect the creators.

COPYRIGHT FAMILY DISPUTE

Motown songwriter and producer Ron Miller died in 2007. If Copyright expired on the death of the creator like it once did, then this would be a non issue.

But, Copyright doesn’t expire at this point. It’s still valid for another 70 to 90 years, depending on the country.

Fast forward to 2022, Sony Music Publishing signs a deal with Lisa Miller, for rights to 130 of her fathers songs.

But Ron’s other children Julie Moss and Mark Miller from Ron’s first wife didn’t like this and are now going to court.

They allege that Lisa Miller tricked her mother, Aurora Miller (Ron’s second wife) to sign away her claim to the songs.

The claim further states;

“As Aurora’s health continued to decline, Lisa began forging Aurora’s signature on notices of copyright termination.”

And I keep hearing how stronger copyright is needed to protect the creators. In this case a dead creator.

SHOWCASE

Spotify’s new marketing tool.

Artists can buy dedicated space on listeners home pages to promote new releases, deep cuts, etc.

Each click from a fan on the showcase button will cost the artist 40 cents per click until their campaign budget is maxed.

Spotify believes that people who see these ads are six times more likely to stream the release.

It shits me how artists always have to cough up cash.

Back in the label days, if the label marketed you, they billed you to recoup their costs.

If an independent act marketed themselves, they paid for a marketing campaign themselves.