Downtown Music Publishing has announced the official launch of Downtown Neighbouring Rights.
This division will enable Downtown to secure global Neighbouring Rights for performers and master holders whose songs are performed in public.
Neighbouring Rights ensure that artists are compensated when the recorded performance of their songs are performed in public on satellite and online radio services.
Last year, such payouts in the United States alone amounted to over $800 million.
Internationally, Neighbouring Rights also include compensation for performances on terrestrial radio.
Downtown is just one of the handful of companies providing Neighbouring Rights services globally – a list which also includes PPL, Kobalt, Fintage House and Sony/ATV.
“We are already established and members of over 30 neighbouring rights societies. The difference now is the unique unparalleled systems at Downtown.”
Roberto Neri, Downtown Music Publishing UK
Although newly re-launched, Downtown’s division has actually been operational for almost 5 years as part of the UK’s Eagle-i Music – which New York-born Downtown acquired last year.
The service has been made available to all rights holders, not just Downtown Music Publishing clients.
“We are already established and are currently members of over 30 Neighbouring Rights societies; offering a full global reach for labels, performers and non-featured performers alike,” said Roberto Neri, MD of Downtown UK (pictured).
“The difference now is the unique unparalleled systems at Downtown, which take our level of transparency and service to new heights and makes us the destination of choice for Neighbouring Rights collection.”
Neri has appointed Luke Montague to the role of Neighbouring Rights Manager. “I am extremely proud of Luke who has been key to helping build our Neighbouring Rights division. He is a real asset to the company and our clients,” said Neri.
Founded in 2007, Downtown Music Publishing boasts offices in New York, Nashville, Los Angeles, London, and Amsterdam.
The company’s catalog spans over seven decades of popular music, encompassing songwriters and artists including The Beatles, John Lennon & Yoko Ono, The Kinks, Randy Newman, Hans Zimmer, Bruce Springsteen, Mötley Crüe, One Direction, Hardwell, Santigold and Carla Bruni.Music Business Worldwide