{"id":6548,"date":"2017-06-13T05:28:49","date_gmt":"2017-06-13T05:28:49","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2017\/06\/13\/soundexchange-acquires-canadian-musical-reproduction-rights-agency-cmrra\/"},"modified":"2017-06-13T05:28:49","modified_gmt":"2017-06-13T05:28:49","slug":"soundexchange-acquires-canadian-musical-reproduction-rights-agency-cmrra","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2017\/06\/13\/soundexchange-acquires-canadian-musical-reproduction-rights-agency-cmrra\/","title":{"rendered":"SoundExchange Acquires Canadian Musical Reproduction Rights Agency (CMRRA)"},"content":{"rendered":"<p><span class=\"normal\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/615538064375566336\/dDyNGUZM.jpg\" border=\"0\" width=\"203\" height=\"203\" \/><br \/>SoundExchange announced that it has acquired the  Canadian Musical Reproduction Rights Agency Ltd. (CMRRA), a music  licensing collective representing the vast majority of songs recorded,  sold and broadcast in Canada on behalf of music publishers. The move is a  dramatic development for the global music industry and represents  SoundExchange&#8217;s first expansion into the collective management of music  publishing rights.  <!--more-->  This transaction will allow the expanded organization to service an  enormous cross section of Anglo-American sound recordings and music  publishing repertoire. The acquisition will provide SoundExchange a  unique opportunity to offer a broad and comprehensive range of services  to rights holders in both sound recordings and music publishing and  music users alike across North America.<\/p>\n<p> The breakthrough transaction will mark the first time that a U.S.  collective for sound recordings and the music publishing sector have  come together under common management. Together the two agencies will  integrate and streamline the administration and distribution of sound  recording and music publishing royalties.<\/p>\n<p> &#8220;We are proud to join forces with CMRRA. We have a simple, yet ambitious  goal: to maximize the value of music for all creators &#8211; for musical  works and recordings alike &#8211; wherever their work is used. The  acquisition of CMRRA helps us increase efficiencies while also extending  service to the publishing sector,&#8221; SoundExchange President and Chief  Executive Officer Michael Huppe said. &#8220;This exciting partnership builds  on CMRRA&#8217;s great relationships with music publishers and licensees, its  long record of accomplishment and its stellar reputation.&#8221;<\/p>\n<p> CMRRA, founded in 1975, will continue to operate out of its Toronto headquarters.<\/p>\n<p> SoundExchange and CMRRA will continue to work independently and serve  their current customers while also exploring collaborative opportunities  such as sharing core services.<\/p>\n<p> CMRRA President Caroline Rioux and her senior management team will  remain with the operation, reporting to the board of directors of  SXWorks, a new subsidiary of SoundExchange. Huppe will lead SXWorks as  Chairman of the new company.<\/span><\/p>\n<p>\u00a0<\/p>\n<p><span class=\"normal\">Source: <\/span><span class=\"normal\">SoundExchange<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SoundExchange announced that it has acquired the Canadian Musical Reproduction Rights Agency Ltd. (CMRRA), a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-6548","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/6548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=6548"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/6548\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=6548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=6548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=6548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}