In a series of recent music rights acquisitions, Warren Cuccurullo, a member of Duran Duran and Missing Persons, has been involved in the sale of several catalogs. The deals, which include songs dating back to the 1950s, were made through Mojo Music and Media.
According to Music Business Worldwide, Mojo Music and Media acquired the catalogs from Primary Wave Music Publishing. The price for these catalogs, which include hits recorded by Duran Duran, Jennifer Lopez, and others, was not disclosed.
The acquisition of these music rights grants Mojo Music and Media ownership of the publishing and sync rights for the songs. This means they can collect royalties whenever these songs are played on the radio, used in commercials, or synced in movies and TV shows.
Music rights can come in various forms, including publishing rights, master rights, and sync rights. What are music rights? explains that publishing rights refer to the ownership of the composition or lyrics of a song, while master rights refer to the ownership of the recording. Sync rights, on the other hand, allow the use of a recording in visual media.
Music rights societies like ASCAP, BMI, and SESAC collect and distribute royalties for their members based on the use of their music. These organizations help ensure that songwriters, composers, and publishers receive compensation for the public performance of their music.
Warren Cuccurullo's involvement in these music rights deals highlights the growing interest in music catalog acquisitions. As the music industry continues to evolve, the value of music rights becomes increasingly apparent.
For more information on music rights and the music industry, check out the following resources: