WaTunes: Sony Pays $250M For Michael Jackson Recordings

Source: Hypebot

Nine months after his death, Sony is reportedly paying the the estate of Michael Jackson $250 million to release 10 recordings over the next seven years.

Included are two albums of unreleased songs, rights new new re-packages and the already released soundtrack for this is it.  In addition to the large advance, the deal is said to include a particularly large royalty rate both domestically and worldwide and includes a full array of licencing opportunities designed to promote and monetize Jackson long past his death.

“We think that recordings will always be an important part of the estate,” John Branca, an entertainment lawyer who is one of the estate’s executors told theNew York Times. “New generations of kids are discovering Michael. A lot of the people that went to see ‘This Is It’ were families,” he added. " ‘This Is It’ was one of the few films allowed into China. So we think there are growing and untapped markets for Michael’s music.”

Posted via email from WaTunes

WaTunes: ReverbNation Expands Music Distribution Service

Source: Hypebot

EXCLUSIVE –  ReverbNation launched an expanded digital music distribution platform this morning and the company's co-founder and COO Jed Carlson shared the details with Hypebot.

HYPBOT:  I'm sure it was a long night getting ready for today's launch. Can you introduce the new ReverbNation digital distribution products for our readers.

CARLSON:  In addition to iTunes, Amazon, Rhapsody, eMusic, and Napster, we’ve added 29 more including Spotify, Last.fm, MySpace Music, Zune, Wal-Mart, Lala, iLike, MOG, and Pandora and bundled them into two packages: Essentials and the Pro.  Each package is priced as a flat annual fee of $34.95 to $59.95 per year. (Details below after the jump.)

What hasn't changed is that artists continue to keep 100% of the royalties from sales and, where applicable, streams of their music.  Our deal is still non-exclusive and we take no ownership rights over their music.  All of our existing distribution customers who want it receive a free upgrade to the ‘Essentials’ package. 

HYPEBOT: How does this offering compare to TuneCore or now Zimbalam?

CARLSON:  It compares very favorably to all of the pure-play digital distribution companies.  When I last checked their websites, TuneCore was submitting music to 17 retailers and Zimbalam to 25, while we can now submit to 39.  But, despite our current lead in the number of stores, we continue to believe that Artists should use ReverbNation because of our superior tools for driving fans to buy their products – not just for how many distribution placements we deliver.  

HYPEBOT:  Does ReverbNation guarantee that Artists who buy the Pro package will be included in Pandora? 

CARLSON: None of the destination sites guarantee placement of music submitted by any distributor, including us.  They all reserve the right to refuse a release based on their own standards of quality, etc.

HYPEBOT: Do Artists get paid for streams?

CARLSON: Yes, from some sites.  MySpace Music, Pandora, Last.fm, and Napster all pay per stream on music supplied by distribution products like ours.  Artists who want to collect royalties from Pandora or Last.fm need to be signed up to SoundExchange to receive them. 

HYPEBOT: Do you report sales to SoundScan?  Some of your competitors do not.

CARLSON: Yes, sales of music distributed through ReverbNation are reported to SoundScan.

HYPEBOT: Why has ReverbNation taken the more difficult to achieve one-stop-shop approach to artist services, vs focusing on a single element like distribution?

CARLSON: Having strong long-term relationships with the Artists is the key to success in our business, and that means delivering value to them from their earliest days in the garage all the way to when they’re playing international tours.  We believe that the company who delivers the most value to the Artists will be the one that develops the best long-term relationships with the Artists. 

To ReverbNation, the one-stop-shop approach is critical to creating more value in a number of ways. First is with lower prices. We spread our overhead across many different product lines like email services, distribution, web hosting, digital press kits,  e-commerce, widgets/apps, etc.  As a result, we can keep our products affordable, and in some cases free.

Our products are integrated into one powerful 360 degree marketing ‘cockpit’ that allows the artists to execute and track comprehensive campaigns instead of trying to divine whether or not the email they sent last week had any impact on their t-shirt sales or friend counts. We also offer convenience. It’s all in one place at ReverbNation.  Artists don’t have a lot of time to run their business and we get that.

New Digital Music Distribution Packages

Essentials:  $34.95/release per year

iTunes (Aus/NZ)    Spotify
iTunes (Canada)    iLike  
iTunes (Japan)    eMusic
iTunes (Mexico)    Napster
iTunes (UK/Europe)    Rhapsody
iTunes (US)    Tesco  
Amazon Mp3    Zune
MySpace Music    Last.fm
MOG      Guvera
Synacor      Fox News  
GetPlaylists      GetGreenMusic
Immergent    Intertech Media  
InMotion Entertainment      La Curacao  
Secure Media      Moozone  
WaTunes    

Pro Package (includes all “Essentials”, plus these):  $59.95/release per year

Wal-Mart (Liquid)
Pandora
We7
Myxer
Puretracks (digital jukebox)
Think indie (CIMS/Junketboy)
Shockhound
Nokia
Amie Street
Lala

Posted via email from WaTunes