Friday , November 16 2018
Home / News / Entertainment News / Facebook inks licensing deals with Kobalt, HFA/Rumblefish and Global Music Rights

Facebook inks licensing deals with Kobalt, HFA/Rumblefish and Global Music Rights

After securing two major deals with Universal Music Group and Sony/ATV, Facebook has signed three more significant music licensing agreements – this time with SESAC’s HFA/Rumblefish platform, Kobalt Music Publishing and Irving Azoff’s Global Music Rights.

Rumblefish was acquired by SESAC as part of its Harry Fox Agency (HFA) buyout in 2015, and specializes in services for US-based independent publishers – including composition and recording administration, data and royalty management, licensing and network monetization.

SESAC says that its new Facebook agreement – a standardized deal in which indie publishers can choose to opt in – will provide ‘streamline music licensing and administration for the independent publishing market’.

Willard Ahdritz, Kobalt Founder & CEO of Kobalt, said of his firm’s multi-year deal: “In the spirit of a true partnership, Facebook will ensure songwriters are paid fairly and new revenue streams are created for user uploaded video.

“We look forward to working closely with Facebook throughout our partnership. And, Kobalt is committed to distributing royalties in a fully transparent way.”

Global Music Rights is Irving Azoff’s US Performing Rights Organization which represents such writers and performers as Pharrell Williams, Bruno Mars, Drake, Bruce Springsteen and Smokey Robinson, among others.

Irving Azoff commented, “Our partnership with Facebook reflects that when music is valued properly, it’s easy for both sides to view it as a win-win.”

The deals will enable Facebook to provide social features that involve Rumblefish, Kobalt and GMR-managed music across Facebook, Instagram and Oculus.


Scott Sellwood, Head of Commercial Music Publishing Partnerships at Facebook, said: “Facebook and SESAC’s HFA/Rumblefish are excited to offer the vibrant independent publishing community the opportunity to participate in a new licensing program with Facebook.

“The program will enable users to upload and share videos with music on Facebook, Instagram and Oculus and allows publishers to be compensated for the use of their music.

“Rumblefish will also help Facebook optimize the identification and clearance of musical works through an innovative data-sharing agreement. This partnership with HFA/Rumblefish and an opt-in for independent publishers opens as of today.”


Michael Simon, President, Rumblefish and HFA, said: “With our deep relationships and unparalleled reach to both the major and the indie publishing market, coupled with the most comprehensive service suite, Rumblefish is a natural partner for Facebook.

“This alignment not only reinforces Rumblefish’s position as home to the world’s largest, most authoritative database of musical works linked to-recordings, but also our commitment to bring new licensing opportunities to the publishing market.”

NMPA President & CEO David Israelite added, “This new partnership between Facebook and the music publishing industry is a great step forward for the platform and for songwriters. Music provides value to Facebook and its users and ensuring that the creators of that music are compensated is paramount.

“We appreciate Facebook’s willingness to recognize the economic contribution of songwriters as well as its effort to create a system that properly streamlines payments moving forward. Other digital services should take note and follow suit.”

Facebook Comments
verifyghana.com

About AugustLiveGh

Kindly Visit www.AugustLiveGh.com for your Latest Global Celebrity News, Gossips, Events, Music, Videos, Sports, Relationships & Lifestyle, Upcoming Artistes and more. AugustLiveGh - Home of Entertainment, Music, Lifestyle & More.

Check Also

Meet Akonobea Tina, the new Ghanaian gospel music sensation

Worship they say is an inward feeling that triggers an outer action and reflects the …

Dancehall King Shatta Wale Finally Joins Zylofon Music Label

A couple of days ago, www.entertainmentgh.com reported that, high-flying record label, Zylofon Music was 89% …

%d bloggers like this: