In a recent music rights deal, producer and artist Timbaland sold additional interests in his publishing catalog to Anthem Entertainment. The financial details of the transaction were not disclosed.
Timbaland, born Timbaland Mosley, is a renowned music producer and artist, known for his work with various artists like Justin Timberlake, Nelly Furtado, and Madonna. He has produced numerous hits and won multiple Grammy Awards.
According to Music Business Worldwide, Anthem Entertainment acquired a stake in Timbaland's Beatclub Music, which manages his publishing catalog. This deal follows Anthem's acquisition of a majority stake in Beatclub in 2020.
Music rights can come in various forms, including performance rights, mechanical rights, and sync rights. These rights allow the holder to earn royalties when their music is performed, recorded, or synchronized with other media. Music rights societies, such as ASCAP, BMI, and SESAC, help manage and collect these royalties.
Who owns the right to music can be a complex issue, as it depends on the specific agreement between the artist, label, publisher, and other parties involved. In general, the copyright owner of a musical composition has the exclusive right to reproduce, distribute, perform, and create adaptations of the work.
Timbaland's deal with Anthem is just one example of the ongoing investment in music rights. As the value of music catalogs continues to grow, we can expect to see more deals like this in the future.
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