Discovery Networks Corners Composers in Music Royalties Battle
Posted: Fri Dec 13, 2019 10:34 am
Seen this over at another forum:
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https://variety.com/2019/music/news/...es-1203434924/
"Discovery has informed many of its top composers that, beginning in 2020, they must give up all performance royalties paid for U.S. airings, and they they must sign away their ability to collect royalties on all past shows on its networks."
Wow! This would be a Dagger for the industry if more networks follow suit...
Composers will lose 80-90% of their income so that Discovery Network can add an extra 1% in quarterly revenue.
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Any thoughts?
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https://variety.com/2019/music/news/...es-1203434924/
"Discovery has informed many of its top composers that, beginning in 2020, they must give up all performance royalties paid for U.S. airings, and they they must sign away their ability to collect royalties on all past shows on its networks."
Wow! This would be a Dagger for the industry if more networks follow suit...
Composers will lose 80-90% of their income so that Discovery Network can add an extra 1% in quarterly revenue.
————
Any thoughts?