The company sharply cut its expected retroactive royalty payments. Competitors are confident they won’t follow suit.
The deal includes such hits as "Buy Dirt," "What My World Spins Around" and "Next Thing You Know."
The pact covers the Rock & Roll Hall of Fame inductee's back catalog and future output, including songs he wrote for Eagles, James Gang and his solo albums.
The London-listed trust founded by Merck Mercuriadis withdraws its October payment to investors because of lower estimates on income from the Copyright Royalty Board's Phonorecords III decision
This week in publishing news: Primary Wave signs an agreement with Isaac Hayes, All Clear and Fuji Music Group acquire Will Jennings catalog.
The performance rights organization said its new-model goal is to distribute 85% of the licensing revenue it collects to songwriters and publishers.
“Sabrina is a next-generation artist,” Universal Music Publishing Group leader Jody Gerson says in a statement.
With greater distinctions for payment by genre and widely varying upfront fees, there are greater possibilities to earn publishing income than ever.
Perez has collaborated with Christina Aguilera, Julio Iglesias, Luis Miguel and Marc Anthony, among others.
Drake interpolates their 1986 Hot 100 chart-topper "West End Girls" on the For All the Dogs track.
