Music News: May 28th

20120528-011700.jpg

Canadian Nelly Furtado, Justin Bieber and rising pop singer Carly Rae Jepsen – who all performed on last weekend’s Billboard Music Awards – have been added to the MuchMusic Video Awards lineup, along with pop band Marianas Trench.

The 2012 MMVAs air live June 17 at 9 p.m. ET, on MuchMusic in Canada and Fuse in the U.S., with the “MMVA Red Carpet Special” at 8 p.m. ET in both countries.

20120528-142400.jpg

Indian Copyright Act Amendments Give Music Artists Ownership Rights

NEW DELHI – In what is seen as a major victory for songwriters, composers and musicians working in the Indian film industry, revised amendments to the Copyright Act now give them better ownership control of their works. Considering India’s film industry is dominated by songs, the amendments – which aim at updating existing laws with international and WIPO (World Intellectual Property Organization) norms – can have bigger implications on how royalty rates are decided and shared in future.

The Copyright Act (Amendment) Bill 2012 – which now awaits final Presidential approval to become law – was passed in India’s Lower House of Parliament and is aimed at correcting an imbalance in the country’s copyright law which was seen as favoring film producers and record labels rather than the song creators.

Historically, Indian film producers have worked on a work-for-hire basis, employing songwriters, composers and singers for a fixed fees, which denied them revenues from other sources such as cover versions and especially ringtones, which have become increasingly lucrative. (see more from story- click here)
May 25, 2012 | By Nyay Bhushan, The Hollywood Reporter

20120528-142816.jpg

Losing EMI to Universal Would Be a Tragedy, Says Waterman
May 24, 2012 Rob Davies

Two of the most prominent figures in the British music industry have come out against the pounds sterling 1.2bn takeover of record label EMI by Universal. Eurocrat competition officials have until September to deliver their verdict on a deal Universal insists will save the label that has hosted Edward Elgar, The Beatles and Coldplay. But music producer Pete Waterman and DJ Paul Gambaccini told the Daily Mail that if Universal — owned by French media giant Vivendi — grabs EMI, Britain’s rich musical tapestry could soon be threadbare. “Losing another British company is a tragedy, but even looking at this from a dispassionate point of view something has gone wrong,’ laments Waterman, who produced 22 Number One singles. “Universal has near total dominance of the music industry and we’ve reached a situation that is totally uncompetitive.”

Gambaccini has “reacted with horror’ to the consolidation that has affected the music business and warns that if Universal were ever sold, Britain would be in real danger of losing a “national treasure.” The EC is chiefly concerned that Universal would end up with more than a 50pc share of digital music sales in some countries, including the UK. Rivals say this would allow the label to hoover up the best artists and hike the price of their music. Universal points out that 95pc of music is illegally obtained, making it all but impossible to press consumers on price. It also insists that today’s music industry is more competitive than ever, with the internet and social media affording artists dozens of routes to market. Some 28pc of industry revenues come from “indies” such as XL Records, which released Adele’s blockbuster album 21.

A spokesman said: “Pete [Waterman] has not spoken to anyone at Universal Music about this.
“If he did, we would explain why his concerns are misplaced given the strong competitive environment in today’s music market. It [EMI] will fare much better with us than with non-music owners, who would only asset-strip the business.” The EC has until early September to deliver its verdict on competition, but perhaps the greater concern should be financial.

Universal says it has a better track record of investing in quality artists such as PJ Harvey, Rufus Wainwright and Nick Drake — than rivals such as Warner. But investment demands cash and parent company Vivendi isn’t in the finest of fettle. It is preparing a “drastic” cost-cutting drive at French mobile phone division SFR and is also being sued by investors who claim it inflated the value of its share price. Even if the EC dismisses competition concerns, the future of Britain’s greatest record label will remain uncertain for as long as Vivendi continues to flounder.

Source: (c)2012 the Daily Mail (London, )

Advertisements