Music Business Roundup: SESAC Buys HFA, SoundScan Report, & More

SESAC Buys HFA The smallest of the three performing rights organizations in the United States, SESAC, has bought the mechanical rights firm Harry Fox Agency. The price tag comes in somewhere around $20 million, less than what HFA was reported to have asked for when they began testing the waters for a sale last year. This deal will potentially make the process of licensing songs easier so you will be able to license performance and mechanical licenses at the same time. Read More... SoundScan Releases Half-Year Report SoundScan released a report providing insights into music consumption for the first half of 2015. One (not surprising) fact was that streaming has officially taken over, as album sales have declined 4% over last year while the number of streams has doubled. Other interesting notes from the report: UMG grows its dominance to 39% of market share, pop is helping the music industry significantly, and Taylor Swift has the top selling album and Mark Ronson the top selling single. Read More... David Byrne Visits Congress As a co-sponsor of the Fair Play, Fair Pay Act and a recent addition to the board of directors for SoundExchange, David Byrne has been focusing a lot…

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