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Ole signs Haley to New Worldwide Deal! New EP!
06-08-2016, 07:42 PM, (This post was last modified: 06-09-2016, 06:56 AM by Miguel.)
sdfsdf
Quote:..For his part, ole chairman and CEO Robert Ott says his company’s move into the expansion of label services is natural.

“We began as a music publishing company – that was our core business – I refer to what our company does now as rights management,” Ott explains. “We administer and cultivate intellectual property rights not only in music publishing now, but in the visual space extending to audio visual masters, and now of course, to master recordings of music. We also have a multi-channel YouTube network.

“We’re engaged in rights management across the media space, and our goal is to more fully service our clients in every avenue of media as time goes forward. So this is just a natural progression of that mandate. It’s not a surprise move or a lateral move for us. It’s directly related to our overall strategy of managing rights in every avenue of media.

“Because we’re the central back office for all of those functions, we can deliver those services with great economy of scale.”

Ott says ole label services, which includes an overall master administration, digital and physical distribution for third party players and neighbouring rights management, also offers clients wide flexibility.

“We can either develop and release things where we’ve established a market through great synchronization opportunities, or we upstream projects that we’ve developed to major labels.”...

...“I’m happy I landed here,” Curran concludes. “With ole and everything that’s going on over here, it’s one of the bright spots of the music industry right now. You could argue it’s one of the few companies that’s growing, not shrinking. And I think you’re definitely going to see a more aggressive growth rate with Anthem Records.”

http://www.fyimusicnews.ca/articles/2016...ign=buffer
Reply
06-21-2016, 10:58 PM, (This post was last modified: 06-21-2016, 10:59 PM by dswim2.)
RE: Ole signs Haley to New Worldwide Deal! New EP!
Does anyone have a download to this song that they could send to me?
http://www.azlyrics.com/lyrics/haleyreinhart/hard.html
I really want to hear it again
Reply
04-21-2017, 12:49 PM, (This post was last modified: 04-21-2017, 01:20 PM by Miguel.)
RE: Ole signs Haley to New Worldwide Deal! New EP!
4-21-17

Ole press releases continue to state they have up-streamed Haley. More information about upstreaming:

Quote:A new animal that was born in the last few years is called an upstream
deal. This is a cross between an independent distribution deal and a
production deal. It works like this:

An independent label goes to an independent distributor that's
owned by a major label. It makes a standard distribution deal, but also
gives the major label a right to upstream the artist, meaning the deal
miraculously transforms from a distribution deal with the independent
distributor into a production deal with the major label.

Quote:The idea behind upstreaming is that, when an artist's sales get to a
certain point, it takes the clout (and money) of a major to move those
sales to the mega level. The major labels aren't willing to put out big
marketing bucks if they're only getting a distribution fee, so the deal
transforms.

Quote:The advantage of doing an upstream deal is basically time. If there
were no upstream deal in place, and an artist explodes, the indie would
have to run around and make a deal with a major, which takes time and
(when you change distributors) disrupts the flow of records to the
stores. If an upstream deal is already there, they can immediately shift
the project to the bigger system, without loss of momentum.

The disadvantage is that the terms of the upstream deal are pre-set,
so the indie doesn't have the clout of an exploding record to make a
better deal when they decide to upstream.

Life is full of trade-offs.

That's pulled from a chapter in this book, http://www.arizonamusiclaw.com/docs/ch14.pdf , titled, "Loan-out, Independent Production, Label, and Distribution Deals." Very imformative.

It sounds like the indy label normally has a finished product to distribute. I think, if Haley is signed, the major (Concord?) said you can go ahead and release "Better." We'll back and promote a new project.



Here's an upstreaming success story, from May 2016:

Quote:Speaking of groups that are moving from fad to significance, The Chainsmokers seem to be surging to the top of the class. Given that they first saw success with their silly “Selfie”—which soared, then crashed and burned in short order—one would have expected them to either fade away or return with another novelty cut. Instead, Rob Stringer and team Columbia upstreamed them from RED into their system, and Joel Klaiman’s Marketing and Promotion squad turned them into a hit machine with growing ticket sales, helping them build an image as an important player in the EDM/Crossover world. Highlighted by a well-received performance at Coachella and their current Top Five single, “Don’t Let Me Down,” it seems that they’re here to stay. Every single has been bigger than the one before.

http://hitsdailydouble.com/news&id=301084
Reply
04-21-2017, 05:02 PM, (This post was last modified: 04-21-2017, 05:29 PM by john.)
RE: Ole signs Haley to New Worldwide Deal! New EP!
It is curious that no record deal has been announced despite the apparent involvement of Concord Records. Perhaps Burk has posed for pictures with Haley at the studio and at the Jack White event to establish an ongoing connection just in case they decide to become the label. Of course, it seems that he is closely involved and a lot of Concord resources are being used.

I wonder if Burk encouraged her to record some covers and get the record out on the market. She has a lot of fans who love her covers and she has been having considerable success with them. They may also be a good vehicle to carry forward some of her originals.
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04-21-2017, 09:09 PM, (This post was last modified: 04-21-2017, 11:11 PM by Miguel.)
RE: Ole signs Haley to New Worldwide Deal! New EP!
(04-21-2017, 05:02 PM)john Wrote: I wonder if Burk encouraged her to record some covers and get the record out on the market.

Could be. It would make sense to fill the record out if you felt the timing was right to capitalize on the momentum Haley had from PMJ and CHFIL, but she didn't have a complete set of material. Or it could be she just recorded "Can't Find My Way Home" to have a studio recording that highlighted her father.

Interview with a successful songwriter:
Quote:One of the very clever things about Simon (Cowell) was, when the original songs weren’t good enough he’d go with a classic [cover].

https://www.musicbusinessworldwide.com/s...t-quality/



If Concord picked up Haley, I could see Ole considering that being "upstreamed." It wouldn't fit the deal as outlined in the book though because Concord is the largest independent label. They have a deal with Universal Music Group to distribute their music. Upstreaming as outlined in the book would be Concord handing her off to UMG.

On the other hand, Concord is large enough they can provide more support than most independent labels.

Excerpt from a recent article about the New Pornographers:
Quote: Mega-indie Matador has released the band's records Stateside since 2003's Electric Version. When their deal with the label was up, Newman says the band were in talks with "the other two long-time big indie labels in America." Then Concord Music Group approached the band with a deal they couldn't pass up. "They kind of just came after us. I think I said no immediately and our manager said just meet with them."

Newman said that, along with their own vanity label through which the group can release related projects, Concord offered things like long-term press and radio promo teams. "We had to look beyond, 'No, I want my record to have that cool label on it,'" he says. "I've seen what a label is worth. It doesn't automatically mean you'll sell 10,000 copies. There are not 10,000 people who will buy anything a specific label puts out. There aren't 1,000 of those people."

http://exclaim.ca/music/article/four_fir...conditions

Does being with an independent, but distributed by a major limit an artist's success? Not really:

Quote:A prime example would be Taylor Swift – well known as a Universal act, but actually signed to indie Big Machine and distributed through UMG.

https://www.musicbusinessworldwide.com/i...ew-report/

Concord is doing well enough that they're opening a new 20,000 sq ft office in Nashville. They were sold to Wood Creek Capital Management in 2013 for around $120 milion. Burk's LinkedIn profile indicates he has some equity in the company.
Quote:The owners of Concord now include funds advised by Wood Creek and a group of individual investors that includes my family, Scott Pascucci, and members of Concord's existing senior management.

In 2015:
Quote:Concord Bicycle Music announced that it has raised $100 million of additional capital to fund further growth through continued music rights acquisitions and artist development investments.
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04-21-2017, 10:47 PM,
RE: Ole signs Haley to New Worldwide Deal! New EP!
.
I would much prefer Haley being with Concord rather than some mega label.
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04-21-2017, 11:00 PM, (This post was last modified: 04-21-2017, 11:05 PM by Miguel.)
RE: Ole signs Haley to New Worldwide Deal! New EP!
I would as well.

Interesting observation from the former head of UMG in Europe:

Quote:My feeling is that record companies are going to become like publishing companies; the record company model of tomorrow will be the publishing company model of today.

What we call ‘distribution’ in records, they call ‘admin’ in publishing.

This makes sense to me. Physical distribution is shrinking. So record labels would primarily track the electronic sales/streams and distribute the profits much like publishing administrators monitor commercial usage then collect and distribute royalties.

Side note: “Music publishing” originally referred to publishers of sheet music, as sheet music used to be the primary commercial use of musical compositions.

Quote:Back catalogue is going to deliver a lot of turnover and profit to these companies.

If you look at the revenue share of catalogue on physical [sales], it’s around a third of the business. But in streaming, it’s around 55%+.

So on the one hand, [the majors] will do a lot more money on back catalogue, and on the other hand, they will do less money on big acts.

Again, it’s the model of publishing: your back catalogue provides a lot of cash, which you invest in doing admin deals, advances and co-publishing deals.

https://www.musicbusinessworldwide.com/p...-the-slow/
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04-21-2017, 11:15 PM,
RE: Ole signs Haley to New Worldwide Deal! New EP!
^
Quote:BLOCKBUSTER ACTS ARE INCREASINGLY TAKING CONTROL OF ALL ELEMENTS OF THEIR CAREER – AND THEIR COPYRIGHTS. #NP OFFERS ARTISTS LABEL-LIKE SERVICES ACROSS A&R, PROMOTION, MARKETING, BRAND PARTNERSHIPS, SOCIAL MEDIA AND STREAMING. THAT PUTS YOU IN A GREAT POSITION AS A MANAGER, BUT IF YOU STILL HAD YOUR PREVIOUS JOB, IT WOULD GIVE YOU A BIT OF A HEADACHE…

Exactly. I agree.

We can see that artists – big acts, but also smaller acts in hip-hop and dance especially – are acting more and more as their own production companies.

They want to control all aspects of their monetization.

So they want either a license deal, with the major helping to market and promote, or they increasingly just want a simple distribution deal.

It’s a big change we’re going to see happen more and more.

Sounds like Scott Bradlee and PMJ. PMJ is listed as a featured artist on the Concord Records label page, but for Scott Concord seems mostly a vehicle to distribute vinyl, which is a small piece in the monetization of PMJ.
http://www.concordmusicgroup.com/labels/...d-records/
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04-21-2017, 11:20 PM, (This post was last modified: 04-21-2017, 11:36 PM by Miguel.)
RE: Ole signs Haley to New Worldwide Deal! New EP!



Stop the presses! Ole is in play!

Quote:If new equity sponsor can't be found, ole could find itself up for sale.

Toronto-based music publisher ole is being shopped, with the company looking for suitors to place minimum bids of at least $650 million to enter the process, while seeking an overall valuation of $800 million, according to numerous sources. The company confirmed to Billboard that it is involved in a recapitalization process.

Those sources suggest that the Ontario Teachers’ Pension Fund, the main equity investor behind the more than $520 million in music assets acquired by ole over the last dozen years, is looking to cash out. While ole management is said to want to replace the pension fund with another equity sponsor, which would allow management and its staff to stay in place overseeing the catalog, it may not get that luxury. According to those sources, in addition to equity firms, some strategic competitors have also been contacted about participating in this sale process.

...According to sources, ole produced $57 million in net publishers’ share (NPS), or gross profit, which is in line with what the company’s $60 million projection for 2016, it made last year in announcing a new credit facility. Furthermore, sources estimate the company’s earnings before interest, taxes, depreciation and amortization (EBITDA) at about $35 million. While ole is a Canadian company, the financial data being circulated with the deal are in U.S. dollars, sources say.

That means with a minimum asking bid of $650 million and expectations of an $800 million valuation, ole and the Ontario Teachers are hoping that the assets trade for almost a 11.5 times to 14 times NPS multiple. While a catalog filled with a healthy chunk of iconic songs may be able to realize those kinds of multiples, sources say that ole’s catalog only has about 13-17 percent of its NPS coming from its song catalog. Those sources say that TV, film and other audio visual secondary rights account for about half of its volume, while production music accounts for about 30 percent and master recordings about five percent.

Some industry sources question whether ole will reach its asking price because some of its revenue comes from administration deals, which means that particular income stream could disappear when the contracts expires -- that is, if the owner chooses to move to another administrator. Another source says that production music is work-intensive, so recording, marketing and other expenses will eat up more gross profit than simply representing iconic songs. Consequently, sources suggest that production music usually trades at lower multiples than songs, while film and TV music will have a hard time reaching a 10 times multiple.

Since the latter two categories account for more than 75 percent of the net publishers’ share, and the multiple those types of assets usually trade at are lower than what a song catalog would trade for, ole could have a hard time getting suitors to put up a 11.5 times to 14 times multiple, some financial executives predict.

http://www.billboard.com/articles/busine...50-million



Another publishing company is also for sale:

Quote:Carlin America Up for Sale: Iconic Publishing Catalog Includes Elvis, AC/DC Songs

Carlin America, one of the oldest and largest independent music publishers in the U.S., is up for sale, sources confirm.

...Carlin's catalog is being shopped by Ossie Kilkenny, a financial accountant and a trusted advisor to the company, sources say. News that the company was up for sale was first reported by the Financial Times, although some dismiss the event as an exploratory situation that might not even result in a sale. Suitors are said to include the majors, a few independent music publishers and private equity.

http://www.billboard.com/articles/busine...publishing

Quote:According to the FT, Carlin’s catalogue of more than 100,000 songs has been put on the shopping list of companies including Sony/ATV, Atlas Music and Concord Music.

https://www.musicbusinessworldwide.com/1...sold-year/
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