Monday, February 22, 2010 9:39:03 PM
this experienced former VP from Sony is going to monetize this huge catalogue, which probably hasn't been well exploited previously. and perhaps once the catalogue has built a revenue stream, it will be an acquisition target...
read more below from that time magazine article about the process of how it works at Sony... which is where our guy is from>
http://www.time.com/time/arts/article/0,8599,1908185,00.html
What's more, in early 2007, Sony recruited industry veteran Martin Bandier, who turned rival EMI into a publishing powerhouse, to lead the unit. The hire seems to have paid off. Bandier has re-energized Sony's publishing company, completing a number of acquisitions and landing some popular new acts, including former American Idol contestant Elliott Yamin and rising music star Lady Gaga. Along with the Beatles, Neil Diamond and Bob Dylan, the company's 750,000-song catalog now includes the Jonas Brothers, Ruben Studdard and Taylor Swift. In the first quarter of this year, Sony/ATV ranked as the second largest music publisher in the U.S., with just under 20% of the market, up from fifth largest three years ago. Its Lady Gaga hit "Just Dance" was the best-selling song in the first three months of the year. The result: industry sources estimate Sony/ATV's revenue has grown more than 60% in the past two years, to an annual $500 million. Net publisher's share —a closely watched figure in the industry, which is sales minus payments to artists — has doubled, to an estimated $200 million. "The music-publishing business is ripe with opportunities, and we are continuing to grow our business," says Bandier.
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