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Music licensing is the licensed use of copyrighted music. [1] Music licensing is intended to ensure that the owners of copyrights on musical works are compensated for certain uses of their work. A purchaser has limited rights to use the work without a separate agreement.
In December 2021, Bruce Springsteen sold both his master recordings and publishing rights to Sony Music in a deal worth north of $500 million, according to multiple outlets.
In 2023, The Guardian opined that "a revolution is brewing in the music business", witnessing a new generation of female artists, such as Zara Larsson, Dua Lipa, and Rina Sawayama, following Swift's precedence to acquire ownership of their music rights and maintaining a defiant attitude towards forfeiting all rights to the music label. [186]
The rise of not only Spotify and Apple Music, ... it's buying up more obscure artists' rights in what Masuch describes as a strategic effort to generate long-term profits by finding new audiences ...
Legal consumer purchase of works, such as buying CDs from a music store, confer private performance rights. PROs usually only collect royalties when use of a work is incidental to an organisation's purpose. Royalties for works essential to an organisation's purpose, such as theaters and radio, are usually negotiated directly with the rights holder.
Hipgnosis’s music catalog is valued at around $2.1 billion, per the company’s latest annual report. However, the company’s market value is now just £897 million ($1.1 billion) .
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