Time for Vevo to Pay Up?
February, 06, 2012 12:17 pm | Comments On #musicMany people read with excitement the news that the online video service Vevo earned $150-million dollars in revenue in 2011. Any healthy new source of music earnings is welcome in an industry in need of positive news. On the heels of the recent news that Vevo supplies roughly 40% of the content streamed on YouTube, we should all be encouraged by this new monetization of music videos.
What has gotten far less attention is the fact that independent publishers and the many songwriters we represent, have not received any money from Vevo. Ever. That's right. Vevo: $150 Million. Independent publishers and songwriters: Zero.
Vevo doesn't pay us because the major record companies have warranted that they have the right to...
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Matt Pincus is the Founder and CEO of Songs Music Publishing. Started in 2004, and with offices in New York, Los Angeles and London, Songs Music Publishing is the worldwide publisher of more than 250 contemporary songwriters, including Dev, Marsha Ambrosius, Sleigh Bells, Conor Oberst (Bright Eyes) and Q-Tip, as well as works performed by Lady Gaga, Jay-Z, Kanye West, Gwen Stefani, Mac Miller, Kenny Chesney, Jake Owen and many others. Prior to founding Songs Music Publishing, Matt was Strategy Associate at EMI Group, Plc. Matt is a Member of the board of directors of the National Music Publishers Association and a member of the ASCAP Board of Review. He holds an MBA from Columbia Business School.
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