- the doubling of songwriter and composer representation on the board of directors of the Mechanical Licensing Collective established by the Act;
- the re-alignment of an Unclaimed Royalties Oversight Committee that will now have a 50/50 music creator and music publisher balance; and
- clarifications to the payments sections that will make it easier for music creators to get the full benefits of their negotiated publishing agreements as applied to the distribution of what the bill refers to as "unclaimed" funds by music publishers.
- is likely to substantially improve royalty payment compliance by digital distributors of music on a going-forward basis;
- changes in royalty rate determination formulas that will benefit both music creators and their copyright administrators; and
- the promotion of greater fairness for US performing rights societies in their negotiations with users.
David Kramer and Jay Sures have been named co-presidents of United Talent Agency (UTA), it was announced today by UTA's Board of Directors. With CEO Jeremy Zimmer, the two longtime agency leaders have directed UTA's significant growth and expansion over the past several years.
"Jay and David embody the greatest parts of UTA, and I couldn't ask for better, smarter or more creative partners," said Zimmer. "They are, first and foremost, among our industry's best agents. But they are also great colleagues, whose collaboration and entrepreneurship have helped build UTA into what it is today—a true, diversified media company with global reach. As UTA continues to grow and pursue new ventures, partnerships and acquisitions, these titles are a more appropriate reflection of their central roles and what's next for UTA as an entertainment company."
Since becoming Managing Directors in 2010, Sures and Kramer have worked with Zimmer to significantly grow UTA's business. Over the past five years, the company has doubled in size to now include over 850 people globally, made major acquisitions in the music, news and finance sectors and recruited numerous leading agents and executives into critical positions on the creative and business sides. In 2017, UTA's momentum has continued with the announcement of its equity stake in investment firm AGM Partners, a 20% expansion of its partners ranks; a roster of directors that represents half the year's top-grossing ($100M+) films, continued market share leadership in the world of news and broadcast representation, and the high-profile decision to cancel its annual Oscar party to instead hold a "United Voices" rally that attracted nearly 2,000 people from across the creative community and financially benefited the ACLU and International Committee for Refugees.
"As we continue to expand and evolve into a truly diverse entertainment company, artists and creators remain at the center of everything we do," said Kramer and Sures, who both began their careers as assistants to UTA Co-Founder Peter Benedek. "For us, this partnership has worked so well for so long because it's always been more than just a professional experience. We've loved working and growing the business together, and we look forward to continuing that work with our fellow board members, partners and everyone across the agency."
UTA Chairman and Co-Founder Jim Berkus said: "It has been one of the great joys of my career to watch David and Jay ascend through the UTA ranks. I could not be more thrilled with their achievements or more confident in the agency's future. Jay and David are homegrown, tight-knit and excellent leaders. I'm proud of the amazing work being done to take our company forward as one of the leaders in our industry."
Kramer oversees UTA's motion picture group, which includes its literary, talent, independent film finance, media rights and production departments, and he also directs the agency's comedy touring, licensing, endorsement and publishing arms.
Sures oversees the agency's illustrious television divisions, encompassing everything from UTA's scripted and non-scripted groups, news and broadcasting, TV talent and its fast-growing speakers group more.
They are both longtime members of the UTA Board of Directors, along with Zimmer, Berkus, Benedek, Tracey Jacobs and Matt Rice, as well as outside investor Jeffrey Ubben.
NETFLIX SIGNS EXCLUSIVE MUSIC PUBLISHING DEAL WITH BMG
BMG announced it has signed an exclusive agreement with Netflix Inc., the world's leading internet television network, to manage and administer Netflix’s music publishing rights outside the U.S.
Netflix has over 93 million subscribers in more than 190 countries who use the Netflix service to view more than 125 million hours of TV shows, movies and other content each day.
The agreement between BMG and Netflix includes score, transition cues, themes, and feature songs for all content owned by Netflix for its Netflix Originals, such as TV series, feature films, documentary features, and other original content.
Zach Katz, BMG US President Repertoire & Marketing, said, “It is an understatement to say we are excited to be working with Netflix. This agreement is a significant endorsement of the BMG team and platform from one of the most forward-thinking and innovative entertainment companies in the world. It also highlights the particular strength of Keith Hauprich (Deputy General Counsel, BMG US) and his film and TV publishing team.”
Dominic Houston, Director of Music Licensing at Netflix, said, “After a long process of selecting the right partner for Netflix, we are delighted to be able to announce this new partnership with BMG and look forward to getting started with the team there. We were particularly impressed by the commercial and technology expertise of BMG, and are excited to see what opportunities we can develop together.”
BMG’s current film and TV partners include The Weinstein Company, Hasbro Studios, Activision Blizzard Studios, AMC Network, Turner Broadcasting, Rede Globo’s Som Livre, NFL Films, Walden Media, 2929 Productions, Bold & Beautiful, Bold Films, ContentMedia, Relativity Media, John Carpenter’s Rodeo Suplex, Roger Corman’s Concorde New Horizons, Icon Productions, Parallel Entertainment, and Global Asylum among others.
Keith Hauprich said, “Partnering with Netflix is an incredible endorsement for our film and TV department. We look forward to extending the BMG service to the fast growing catalog of Netflix.”
Over the past year, 2016, we have seen many older R&B artists take advantage of tech and direct to consumer incentives to keep their brands going and to garner revenue in what would otherwise be a dead career. Diddy's reunion tour, as well as groups like New Edition and BBD are nothing less than genius in an industry that has largely eliminated airplay and current influence over their fanbase. On the other end of that spectrum, legendary groups like A Tribe Called Quest continue to prove fans, both past and present, still have an appreciation for established artists on commercial radio in lieu of what research companies have been telling radio for years which is often the opposite. These artists are not only making new music and doing deals with (mostly) independent labels for distribution, they have also gained astute business acumen that gives them a much higher return on their self-investment. Now it's being announced that Mariah Carey and Lionel Richie are about to combine forces and hit the road, neither of which gets substantial airplay in today's commercial radio climate.