SESAC Buys Royalty Collection Agency Audiam
Bulletin YOUR DAILY ENTERTAINMENT NEWS UPDATE AUGUST 19, 2021 Page 1 of 32 INSIDE SESAC Buys Royalty • Can Holly+ Solve Collection Agency Audiam the Problem of Deepfake Vocals? BY STEVE KNOPPER • Tencent Music Audiam, an eight-year-old collection agency that Price is critical of the sale partly because SESAC Expects Setback From Regulations, helps rightsholders “license, police, audit, research, also owns Harry Fox, which works with publish- Says Subscriptions collect and distribute” unpaid royalties from You- ers and labels to distribute mechanical royalties to Are Safe Tube and other services, was sold Wednesday to the publishers. Price, who accuses Harry Fox of a “lack performance-rights organization SESAC. of payments to copyright holders,” viewed Audiam, • How Risky Are Concerts? We Asked “This is another brick in the wall of the strategy of which competed with it in some ways, as providing a an Infectious Disease finding businesses to deliver superior value to right- kind of unofficial check on its work. As long as there Expert sholders,” says John Josephson, CEO of SESAC, were two entities with a significant amount of data which also owns the Harry Fox Agency. “Our plan is to about mechanical rights, rightsholders could compare • California to Require Proof of continue broadening the scope of services we offer.” their ability to identify and collect on the uses of their Vaccination for Large The sale allows Audiam’s longtime owner, the Ca- work. Indoor Events nadian rights-management group SOCAN, to re- “With this acquisition, HFA neutralizes the sole tain a 15% stake in the company, according to a source entity that exposes its own actions,” he says.
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