BMI, one of the largest performance rights organizations in the world, announced today that it will distribute more than $732 million in royalties for the 2006-2007 fiscal year. This figure is an 8% increase over the prior fiscal year. BMI also noted that it posted record-setting revenues of $839 million for this fiscal year, a [...]
Terra Firma Capital Parnters, Ltd., the privity equity firm that paid $4.9 Billion for the struggling media giant, announced that EMI's CEO Eric Nicoli and CFO Martin Stewart would be let go prior to the completion of the takeover. Chris Roling, managing diretor for Terra Firma, will be both CEO and CFO of EMI Group [...]
My good friend and client, Joe Meador of Grand Entertainment Group, is one of the driving forces behind Music Row Partners, the development team behind the proposed construction of a $52 million, 131,600-square-foot office condominium and residential penthouse complex at the head of Music Row. The development is known as "One Music Row." The plans [...]
My client and the Master Of Space And Time, Leon Russell, released his new album Angel In Disguise today. The release features 11 new songs by Leon, including a special tribute to his wife entitled Sweet Mimi. The new album is available directly from the artist's webiste Leon Russell Records. Support a local legend and check out his [...]
Leah Durelle's single I'm Not Sorry reached number 50 on Music Row magazine's "CountryBreakout" chart. Congratulations to JR Music and Leah!! Check out Leah Durelle's website by clicking on the photo above.
The performance rights organization ASCAP today announced that it has record revenues of $785 million for the fiscal year 2006, with royalty payments to its members in the amount of $680 million. This represents a 5% increase over revenues for the previous fiscal year. According to ASCAP, revenues from Internet and wireless license agreement grew [...]
Mr. Barry Neil Shrum, a member of the Nashville, Music Row-based firm of Harris, Martin, Jones, Shrum, Bradford & Wommack, P.A., was identified by SkyRadio as one of America's Premier Lawyers. As part of the honor, Mr. Shrum was interviewed for SkyRadio’s America’s Premier Lawyers feature. The interview was featured in American Airlines’ in-flight programming during the month of [...]
To MP3 or not to MP3? The catalyst for a paradigm shift in the recording industry By Barry Neil Shrum & J. Eric Crupi This article originally appeared in the print edition of Law on the Row, Volume 1, Issue 1 on September 9, 1999, as a harbinger of things to come. To MP3, or [...]