Record-Setting ASCAP Revenues Top $785 Million
Sarah Gilbert Skates – 03/06/2007
Revenues for 2006 exceeded 2005 by $37 million, a 5 percent growth rate, while royalty distributions increased by $34 million, or almost 5.3 percent. Both U.S. and foreign royalties showed strong gains, with domestic distributions totaling over $486 million, up 6.3 percent, and international distributions reaching $211.7 million. Revenues from Internet and wireless license agreements also grew more than 70 percent to $13.8 million, in 2006.
ASCAP attributes its performance to multiple factors such as growing revenues from the licensing of existing and new music channels, outstanding operational efficiency and the introduction of numerous high value new services. The PRO also recently negotiated licenses with both terrestrial and satellite radio. In 2006, total radio revenues increased 11 percent to $22 million. Of that amount, terrestrial radio revenues rose by $14 million, and satellite radio revenues rose by $8 million. In television, ASCAP recently completed a new license agreement with ABC, resulting in a significant increase in that network’s fees. The arrangement covers performances by ABC across the Internet, broadband and wireless platforms, as well as video-on-demand, subscription video-on-demand and pay-per-view.
Loretta Lynn, Rascal Flatts Honored by Recording Academy
Sarah Gilbert Skates – 03/06/2007
Tickets for The Recording Academy Honors gala are $250 for Academy members and $350 for non-members and are available by calling The Nashville Chapter office at (615) 327-8030. There is a two ticket limit. Sponsorship packages and table sales are also available. Proceeds will benefit The Recording Academy’s professional education programs and its philanthropic efforts in the Nashville area as well as the MusiCares Foundation, the health and human services charity founded by The Recording Academy.
Faxon Replaces Bandier at EMI Music Publishing
Sarah Gilbert Skates – 03/06/2007
Roger Faxon has moved from Pres./co-CEO of EMI’s music publishing division to the role of Chairman/CEO. The transition, which replaces 17-year EMI veteran Martin Bandier, has been in the works since 2005. Meanwhile, Bandier will set up shop at Sony/ATV Music Publishing as Chairman/CEO in early April. In related news, the EMI-Warner Music merger saga continued last week when EMI rejected Warner’s almost $4 billion bid, calling the offer inadequate. New rumblings are over a possible offer from U.S.-based Fortress Investment Group, the first publicly traded U.S. hedge fund.
Martina Previews Waking Up Laughing
03/06/2007
Martina McBride previewed her new album, Waking Up Laughing, at CRS last week during a listening party at Blackbird Studios. The RCA Records release will be out April 3. Pictured (L-R): Jon Elliot, VP Mktg. & Artist Development RCA Records; Butch Waugh, Exec. VP Sony BMG Nashville; Renee Bell, Exec. VP A&R Sony BMG Nashville; McBride; Joe Galante, Chairman Sony BMG Nashville; and Jim Saliby, VP Sales Sony BMG Nashville.
Nashville Star Finale Drew 3 Million Viewers
Sarah Gilbert Skates – 03/06/2007
Capitol Adds Mabe As VP, Marketing
Sarah Gilbert Skates – 03/06/2007
Dungan commented, “I am very happy to announce the addition of Cindy Mabe to Capitol Records Nashville. I have admired her work for many years, and jumped at the chance to bring her into our family. I am absolutely thrilled that she has decided to join us.”
“I am so excited to join, learn and grow with such a young, energetic and growing company,” said Mabe. “I am happy to be a part of such a great team.”
Musical Chairs Daily (3/06/07)
Jon Freeman – 03/06/2007
Lofton Creek has made additions to its regional promotion staff. Effective today (3/6), Susan Rae Kamiler will handle LC’s Northeast Regional duties and promo vet Roger Ramsey, who spent 10 years with MCA, has been tapped for the Southwest Regional gig. Contact Kamiler at susanrae@loftoncreekrecords.com or (866) 476-6107 and reach Ramsey at rogers44@sbcglobal.net or (281) 463-0750.
Vassar Signs With Universal Records South
Sarah Gilbert Skates – 03/06/2007
Wright, President of Universal Records South, said, "Phil has written, for himself and others, songs that have shaped the sound of country music as we know it today. His live performance and incredible vocal abilities round out the triple threat it takes to be a superstar. We're very honored that he has chosen to join the Universal Records South team."
Industry News Daily (3/6/07)
Willie Nelson will announce the formation of Pedernales Records at a press conference in Austin on Friday, March 16, during the annual South By Southwest Music & Media Conference. Nelson will introduce his company, top executives...
Benefit News Daily (3/06/07)
The American Red Cross’s sixth annual National Celebrity Cabinet includes twenty new members such as Kellie Pickler, Brooks & Dunn, Pat Green, and Forest Whitaker. The 2007 cabinet also includes alumni such as Tim McGraw, Rascal...
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JASON MATTHEWS
“Travelin’ Light”
RAWSTIN
“The Rodeo Is Over”
MARK WILLS
“Days of Thunder”
BRANDI VALENTINE
“Burnin’ Bridges”
MOORE & MOORE WITH GEORGE “GOOBER” LINDSEY
“Fine Me a Man Like Goober”
INDIAN RODEO
“My Block”
BILLY McKNIGHT
“You’re the Ticket”
CERRITO
“Dona Carmela”
TIM WILSON
“But I Could Be Wrong”
COWBOY TROY & ANGELA HACKER
“Hick Chick”
