tag:blogger.com,1999:blog-4513524515428334509.post7552246406396586243..comments2024-03-26T10:41:35.852+00:00Comments on The 1709 Blog: US publishers want payment from VEVOMarie-Andree Weisshttp://www.blogger.com/profile/17125973798789498436noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4513524515428334509.post-89888188762303687272012-06-20T11:55:34.668+01:002012-06-20T11:55:34.668+01:00UPDATE FROM THE CMU DAILY
Universal Music Group h...UPDATE FROM THE CMU DAILY<br /><br />Universal Music Group has agreed to a "groundbreaking licensing model" that will ensure American publishers get paid when their songs appear in videos owned by the major that in turn appear on VEVO.<br /><br />Confirming the agreement, Israelite told reporters: "We're all navigating through a rapidly changing business environment and NMPA's job is to ensure that the rights of every songwriter and music publisher are protected. This is a model example of how record labels along with songwriters and music publishers can move forward together to ensure that the licensing process is more effective and efficient, and that all creators are fairly compensated".<br /><br />Billboard says publishers could get 15% of the ad revenues generated by VEVO for Universal videos, and that that royalty will be paid back to 2008, albeit with a lesser share for the first two years. It's thought mechanical rights administrator the Harry Fox Agency will manage payments.Benhttps://www.blogger.com/profile/01868498334405853494noreply@blogger.com