Would You Sell Your Song Catalogue?

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Would You Sell Your Song Catalogue?

Today, we hear another mega-star has sold their song catalogue. This time Neil Young has agreed a deal and sold 50% of the rights to his entire back catalogue. Hipgnosis Song Fund purchased 1,180 songs by the Canadian musician in a deal that is said to be worth an estimated $150 million (£110 million), according to the BBC.

The Young acquisition comes after the company acquired the rights to 100% of former Fleetwood Mac singer Lindsay Buckingham‘s back catalogue and 50% of his future work this week, as well as Jimmy Iovine’s worldwide producer royalties. “This is a deal that changes Hipgnosis forever,” Hipgnosis founder Merck Mercuriadis said of the Young deal.

Hipgnosis are known for turning royalties into a steady income stream – with the firm making money every time one of its songs is played on the radio or featured in a film/TV show. Other recent acquisitions by Hipgnosis include catalogues by the likes of Blondie, L.A. Reid, RZA and The-Dream. The company also purchased a publishing portfolio from Kobalt in September. The sale included songs by Fleetwood Mac, 50 Cent, Beyoncé and many others.

The Neil Young sale seems to be part of the growing trend of artists cashing in on their lifetimes work. Bob Dylan was reported in December 2020 as selling to Universal Music. According to the New York Times, the music icon has sold his back catalogue for an eye-watering $300 million (£225 million), giving Universal the ownership of over 600 songs spanning a period of almost six decades.

While the deal means that Universal now control one of the most celebrated back catalogues in history, Dylan is also listed as the principal songwriter on the vast majority of efforts – which means Universal does not have to share future revenues with any other songwriters.

In the same month, Stevie Nicks agreed a deal with Primary Wave for $100million, giving them 80% of her back catalogue which includes her 70's hit 'Dreams' just as it is making a Billboard comeback after going viral in the TikTok video of skateboarder Nathan Apodaca drinking Ocean Spray juice.

To make these kinds of figures, you have to have a catalogue which will give the buyer a payback, but with younger bands such as The Killers doing the same, is this the best way for songwriters, singers and bands to create certain income? With the poor payouts from the online streaming platforms, it makes good business sense, but only for those able to create enough desired material.

For those new and emerging creative stars, companies like www.jeeni.com and Patreon have been created to redress the balance, so revenue generated goes to the creators, not the suits and pen-pushers, meaning artists of the future will possibly be able to afford to create back catalogues and continue to benefit from them.

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03
Dec

Weekly Round-Up # 5

The latest news on all things Jeeni, music and entertainment. BRITs announce the shortlist for the ‘2022 Rising Star Award’ Last year, the shortlist saw a vibrant and colourful shortlist consisting of Coventry rapper Pa Salieu, experimental electropop sensation, Rina Sawayama and finally the victor, Griff, a master in emotive pop songwriting. This year, a trio of female powerhouses makes up the shortlist, each with a distinct and remarkable display of strengths; Lola Young tends to leave space in her compositions for the raw power and emotional impact of her voice to shine first and foremost, whereas, Bree Runway takes a more bombastic, loud-and-proud approach with her floor-filling hip-hop bangers. Holly Humberstone, perhaps the most known here, seems to combine parts of both Lola’s vocal precedence and Bree’s grandiose and full instrumentals to make well-rounded pop hits. An exciting and promising collection of British artists, one of which are destined to join the ranks of previous prestigious winners including Adele, Florence + The Machine and Sam Smith. 64th Grammy Nominees Announced Speaking of nominees, the Grammy 2022 nominations were announced last week, featuring both safe and some daring inclusions. Jon Batise featured all over this year’s nominations list for his uplifting and soulful RnB sound. From record and album of the year to Best Contemporary Classical Composition, Batiste was in total nominated 11 times. At Jeeni, Keithian features a similar sense of joy and jubilation in his RnB style. Check out Keithian’s page on Jeeni: https://jeeni.com/?s=keithian Billie Eilish and her producer brother, Finneas also featured across many of the categories this year for their album ‘Happier Than Ever’. Other pop album nominees include Justin Bieber, Olivia Rodrigo, Ariana Grande and Brandi Charlie. Finneas also found himself on the ‘Best New Artist’ category along-side Mercury Award winner, Arlo Parks and cousin of Kendrick Lamar, Baby Keem. If Jeeni were included on the decision-making process, Ariana May, Marley Blandford and Olivia King would certainly be up for some of the year’s best pop performances and releases. Check out Jeeni’s pop channel: https://jeeni.com/channel/all-channels/pop/ Jazz legend, Tony Bennett features several times for his and Lady Gaga’s moving and nostalgic swing album, ‘Love For Sale’ as a respectable nod from The Recording Academy. Record, album and music video of the year are just a few of Bennett and Lady Gaga’s acknowledgments in the 64th Grammys. Check out Jeeni’s jazz channel: https://jeeni.com/channel/all-channels/jazz/ Licensing Leaders PPl and PRS Make Promising Action to Improve Progress on Diversity and Recruitment in The Music Industry Tomi Oyewumi has been enlisted as PPL’s equity, diversity and inclusion (EDI) partner as a step in the right direction to influence the industry towards a more diverse and inclusive future. Tomi explains the meaning of true diversity and the impact PPL could potentially make. “That’s not just for race and gender, but looking at other areas such as social mobility. It’s about how that has an impact on what we do at PPL, but also how we can then use that to influence the wider music industry as well.” PRS hired Colin Campbell-Austin as head of inclusion and employee experience in October. This position is responsible for recruitment, engagement and talent development in PRS. On the PRS website they had this to say about Campbell-Austin, “Throughout his career, Colin has ensured recruitment of diverse talent from all social backgrounds, created first-class inclusive recruitment processes, talent development strategies and leadership and development programmes, with a focus on people, diversity, and inclusion.” More diversity means more representation and experiences expressed in the industry from all corners, resulting in a more colourful and expressive world of music. An exciting development for the industry indeed. Splendour in the Grass, Truck and Download; Just a Few of the Recently Announced Summer Festival Lineups Although governments worldwide are currently assessing the risks of COVID-19 making a much un-welcomed potential come-back, it’s hard not to get excited for the potential wave of epic festivals that we could enjoy in the coming Summer of 2022. Australian festival giant, ‘Splendour in the Grass’ cautiously released their lineup after many reschedules and cancellations due to COVID. ‘Splendour in the Park’ typically showcases homegrown Aussie talent with UK and USA headliners. For 2022, the UK corner, features the previously mentioned Holly Humberstone, Liam Gallagher, Tom Misch and headlining the first evening of the weekend is the all-genre virtual sensation, Gorillaz. The American talent includes SITP veterans, ‘Yeah Yeah Yeahs’, New York rock icons, The Strokes and Tyler, The Creator. Australia’s representatives include the new and promising Genesis Owusu, Tim Minchin and Alice Ivy. Oxfordshire’s ‘Truck Festival’ also announced a star-studded (albeit slightly less varied) lineup for their big weekend in July 2022. Typically featuring an exhibit of the biggest current indie acts with varying levels of something a little harder for those that want it and next year will be no different. The festival promises the likes of Bombay Bicycle Club, Blossoms and Sam Fender alongside the heavier Kasabian, Shame and Dinosaur Pile Up not to mention indie legends, The Kooks. Continuing the increase in heaviness, another massive festival lineup announcement comes from the legendary Donington Park ‘Download Festival’. Headliners, Kiss, Iron Maiden and Biffy Clyro are joined by heavy rock and metal peers such as Korn, Deftones, Megadeth and Black Label Society in a collaboration to deafen the entirety of Leicestershire next June 10th weekend. Jeeni News: Kissing The Flint’s New ‘100 Or Less’ Music Video Success On the weekend, folk-rock act, Kissing The Flint released a dynamic and spirited music video for their equally feisty and powerful new single, ‘100 Or Less’. The video matches the emotional and hopeful message the single holds regarding covid and the arts not getting enough funding. Check out the video now, on Jeeni: https://jeeni.com/100-or-less-kissing-the-flint-official-music-video/ And check out the review of ‘100 Or Less’ here: https://jeeni.com/blog/kissing-the-flint-single-review/ Brand New DarkStarGraver Single Out today, ‘Gohan’ is the newest single from rising Portsmouth rapper, singer and poet, DarkStarGraver. Catchy and bouncy, DSG's newest track is textbook melodic hip-hop. Check it out now. Find out more about DarkStarGraver with our Artist Focus here: https://jeeni.com/blog/darkstargraver-rapper-singer-poet/ Jeeni PCs Still Available after Black Friday Sale! Jeeni has partnered with Chillblast to bring customers exclusive branded PCs designed for musicians and creatives. Chillblast is the UK’s Most Awarded PC Manufacturer. Find out more about Chillblast here, and discover why Jeeni has partnered with Chillblast to bring Special Edition music PCs with exclusive Jeeni branding. As well as a year’s subscription to the Jeeni Platform with each order worth £85. Chillblast Jeeni PCs are perfect for all musicians and creatives, whether you’re an independent bedroom pop artist or a music producer working on the next number 1 one single. Get the best deal on music PCs with our black Friday 2021 offer. Buy your Jeeni Music PC built and warrantied by the UK’s most awarded PC manufacturer here: https://www.chillblast.com/celebrity-pcs/jeeni-pcs. Jeeni Is Looking for You to Join Our Team! We are currently offering the roles of Sales Executive and Senior Developer as a part of the governmental Kickstart scheme and these roles are for ages 16-24 and on Universal Credit. We are also offering a sales internship for university students trying to get experience during their education. For more information, visit: https://uk.indeed.com/jobs?q=jeeni&l&vjk=a9b44f31a3321877 We look forward to hearing from you!

14
Jul

Ivy Eye – On My Mind - Single Review

Electronic duo, Ivy Eye makes a formidable case for the wellbeing of disco with their latest revival effort, ‘On My Mind’ In just a short period of electronic anthem creation, UK electronic act, Ivy Eye have steadily been building more and more traction with their disco revival endeavor. Joining the likes of Jessies Ware, Midnight Generation and Róisín Murphy, in the electronic rejuvenation of disco, Ivy Eye have an even more on-the-nose appreciation of the 70s club music. And ‘On My Mind’ is no exception. Consisting of Matthew Benham and Rory Sheppard, Ivy Eye continue to raise the bar of their dance/disco quality with their newest single. A swirling crescendo opens the track which is met with short, sharp strings, a four-to-the-floor kick-clap beat and a host of synth pads, all joined together as a glittery, shimmering entrance into this electric single. The introductory instrumental takes a rest as the vocals enter for the first verse. A restless synth bass bounces all over the simple, dependable dance beat as various guitar parts stab into the off-beats. Every component of Ivy Eye’s instrumental feels like it’s bursting with energy and personality, almost as though they’re all desperate to be a part of the fun. After a classic dance riser to elevate the impact and excitement, the first chorus erupts but only for a moment. Almost acting as a teaser for the true chorus, which the twosome still has up their sleeve. This half-chorus is a great way of whetting the listener’s appetite before the main course of funk-dance-disco. After another verse, the chorus enters in a similar way, except now, most of the instrumental leaves to let the vocals shine to begin with, a classic disco feature. Once the rest of the instruments join in with the celebration, Ivy Eye takes the brave step in picking up where Daft Punk left off with a little help from the vocoder. An iconic sound, made famous by the likes of Stevie Wonder, Peter Frampton and of course, Daft Punk, the vocoder (or similar device, talkbox) manipulates instruments with the help of the performer’s mouth to give the instrument a voice-like quality. This unique and undeniably funky effect is perfect for a song like ‘On My Mind’ The full chorus pay-off delivers in full as the track celebrates in the journey it’s had in the last three minutes. Hinting at the chorus earlier on the track instead of having two main choruses was a stroke of genius and really eases the listen of this disco banger. This perfectly produced track is a promising and exciting sign from an act like Ivy Eye who are so young in their path as artists. This single acts almost as a love letter to a whole group of styles and eras and Ivy Eye should be applauded for this celebratory triumph of a composition. Ivy Eye will be performing at Victorious festival this August (26th-28th) get your tickets now and check them out! How can Jeeni support artists like Ivy Eye? JEENI is a multi-channel platform for original entertainment on demand. We’re a direct service between creatives and the global audience. • We give creatives, independent artists and performers a showcase for their talent and services. And they keep 100% of everything they make. • We empower our audience and reward them every step of the way. • We promise to treat our members ethically, fairly, honestly and with respect. • Access to artist liaison and a supportive marketing team.

18
Mar

The Hardships of Getting a Job in the Music Industry

When an area of employment is as culturally, historically and economically important as the music industry, it’s hardly going to be a walk in the park to insert oneself into it. Despite the giant range of positions and opportunities, a mountain of deciding factors and conditions stand in the way of graduates and the enticing notion of working in music. Many corners of employment have their difficulties, whether it’s overwhelming competition from like-minded hopefuls or a seemingly unfair demand for experience but the music industry seems to set up these hurdles at steeper heights than most. This is why companies like Jeeni can be an answered prayer for optimistic music graduates that are seeking experience in this confusing and challenging industry. Jeeni is always looking for fresh young talent to help its gears run smoothly and efficiently so that more support can be provided and offered to unrepresented artists, meaning that Jeeni holds out a helping hand to upcoming talents in the industry in more ways than one. Music is still a growing industry with a 7% increase in employment from 2017 to 2018 (UK Music, Music By Numbers 2019 report) which sounds like a great thing and it is, however this is also a rise in competition due to an unprecedented increase in revenue from the music industry, according to Goldman Sachs, “In May 2020, Goldman Sachs estimated the entire music industry's revenue (live, recorded, and publishing) to increase from $62 billion in 2017 to $131 billion in 2030, representing a 6% CAGR. The 2030 estimate was an increase on its original prediction of $104 billion, made in October 2016.” (Toptal.com, ‘The State of The Music Industry in 2020’) Business is booming for the music world which means everyone is looking for the best and they aren’t willing to take a chance on anyone without near-impossible standards of experience. However, music graduates can begin their climb to greatness with companies like Jeeni A testimonial from Jeeni’s Marketing Leader, music production graduate, Ella Venvell offers an insight in the uphill battle that finding a future in the music industry can prove to be, “I always knew finding a job within the music industry would be challenging but I didn’t know just how hard it was! Even though I have a musical background and have a degree in music production, that alone was not enough. As the music industry is quite niche, most companies ask for years of experience to prove your abilities and knowledge, however, nowhere is willing to give you the experience!” Jeeni Marketing intern, Annesa Sukul decided to begin building up her music industry experience with Jeeni and has been a total asset to the entire company in research, maintaining artist relationships and so much more. She was taken on at Jeeni amidst her studies and given a chance to contribute her skills and hard work to the team, ‘As a music business student, it is quite difficult to get into the music industry if you don’t know where to look. Often times when someone doesn’t have experience, the first thing would be to look for a work placement or an internship. However, most of these tend to also ask for previous experience and would leave one feeling lost as to where to gain this experience.” As an intern at Jeeni, Annesa still has a say in the type of tasks she carries out and is given roles that challenges her and puts her specified skills to the test. As well as simply giving interns experience on paper, we try to truly set them up for success in their future roles by giving them chances to propose new ideas and contribute to the company in a hands-on and proactive way, which is all useful inclusions to CVs and portfolios. Annesa also has access to a supportive team to help her with her time at Jeeni in any way she needs. As Jeeni still finds itself in an early stage of its journey, we’re in a position where we can provide much-needed experience for people like Ella and Annesa to prepare them for their future careers in music and put them to good use in furthering the reach and effectiveness of Jeeni’s mission.

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