Wikipedia

Downtown Music Holdings

(Redirected from Downtown Music Studios)

Downtown Music Holdings is an independent rights management and music services company based in the US State of New York. It comprises 10 businesses. All divisions live under the Downtown Music Holdings umbrella and are split between two verticals, Creator and Business (Downtown Music).

Downtown
IndustryMusic Publishing
Founded2007 (2007)
FounderJustin Kalifowitz
Headquarters
New York City
,
United States
Area served
Global
Key people
  • Justin Kalifowitz (Executive chairman)
  • Andrew Bergman (CEO)
  • Alan Goodstadt (CFO)
ServicesMusic rights management
OwnerVirgin Music Group
ParentUniversal Music Group
DivisionsDowntown Music Services
Songtrust
CD Baby
AdRev
Fuga
Downtown Neighbouring Rights
Downtown Studios
Websitewww.downtownmusic.com

History

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Downtown was founded as Downtown Music Publishing in 2007 by Justin Kalifowitz in New York. The business model was developed to address the consolidation of the music publishing industry as well as the new technologies which impacted songwriters and copyright holders. Downtown Music Studios opened in 2008.[1][2][3] In 2011, Downtown formally launched Songtrust as a business unit, extending the company's royalty collection platform capabilities beyond the parent publishing company. Neighboring Rights was established in 2016.[4]

Until January 2013, Downtown was the owner of the record label Downtown Records.[5]

In 2013, Downtown expanded its offices to Los Angeles.[6] In early 2014, the company expanded to Nashville and later that year founded Downtown Music Benelux. Based in Amsterdam, Downtown Music Benelux was established in collaboration with Hot Streak Music, a division of Cloud 9 Music. In 2015, following the acquisition of the London-based music publisher Eagle-i Music, Downtown UK was founded.[7]

In March 2019, Downtown acquired AVL Digital Group for $200 million. AVL became the owner of CD Baby, Soundrop, AdRev, and DashGo.[8]

In August 2021, founder Justin Kalifowitz stepped down as CEO and became the company's executive chairman.[9]

Divisions

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Downtown Music Publishing

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The publishing division, ranked in Billboard's Music Publishing Top 10, is Downtown's primary focus. In addition to administering copyrights, Downtown Music Publishing's services include royalty collection, songwriter development, catalog marketing, neighbouring rights, and financing services. It arranges co-writing opportunities and places its songwriter's compositions in film, television, advertising, and video game productions. Downtown writers have written hit songs for artists including Beyoncé, Bruno Mars, Carrie Underwood, Katy Perry, Keith Urban, Rihanna, and Selena Gomez, and, among others, their compositions have been used in the Hunger Games series, Girls, and Grand Theft Auto.[10] Brands that have featured spots from Downtown writers include the NFL, Coca-Cola, Apple Inc, Budweiser and Amazon.[11][citation needed]

Downtown has formed partnerships with digital service providers including YouTube, Pandora Radio and LyricFind to directly process data and payments owed to songwriters and publishers. It provides analysis for songwriters, managers, and lawyers, allowing writers to review and export statements, see their account balance, create reports for different periods by income over different territories, and access details of each royalty line.[12][13]

In 2016, Downtown Music Publishing was nominated for Music Business Worldwide's Publisher of the Year Award. The company appeared on the Billboard 2014 list of the Top 10 Publishers.[14][15]

Downtown acquired Salli Isaak Music and Salli Isaak Songs in 2018, giving the publisher the rights to works by One Direction, Madonna, and Sam Smith.[16]

In May 2019, Downtown acquired the 1987 to 2017 catalogue of Belgian music publisher Strictly Confidential.[17]

In May 2020, Downtown acquired two publishers: Good Soldier Songs (home of The 1975), and the South African Sheer Music.[18][19]

In April 2021, Downtown sold its song publishing roster and catalogue to Concord, though Downtown will continue to represent the publishing rights for several artists including John Lennon and Yoko Ono, Miles Davis, John Prine, and the Wu-Tang Clan.[20]

Songtrust

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Songtrust is a global music rights management software platform. Launched in 2011, it services Downtown Music Service's catalog and provides royalty collection services for creators all over the world. The platform enables creators at all levels to recover their royalties directly from over 90 countries and from more than 20,000 unique income sources worldwide.[4][21][22] Songtrust also has business partnerships and provides publishing royalty collection with companies such as sister company CD Baby, Secretly Publishing[23] and Stones Throw Publishing.[24]

Songtrust was founded by Downtown CEO Justin Kalifowitz and CSO Joe Conyers III. Launched in 2011, it enables creators at all levels to recover their royalties directly from more than 90 countries and 20,000 unique income sources worldwide. The company also provides royalty collection services for global distributors such as CD Baby and The Orchard.[21][4][25]

In January 2018, Molly Neuman, former drummer for riot grrrl band Bratmobile, joined Songtrust from her previous role as the first head of music for crowdfunding website Kickstarter.[26] In October 2019 Molly Neuman was named President of Songtrust.[27]

CD Baby

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CD Baby is an independent music monetization and distribution service based in Portland. They help DIY artists monetize their music through streaming, downloads, vinyl & CD sales, video monetization, sync licensing and publishing royalties (through partnership with sister company, Songtrust). CD Baby also runs DIY distribution service, Soundrop. CD Baby was acquired by Downtown through the acquisition of AVL Digital in 2019.[28]

Adrev

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Adrev is a digital content and rights monetization service on Youtube, Facebook and other online video platforms. AdRev is a YouTube partner company that was initially designed to help creators and music rights holders monetize their work with ad placements on other channels using their content. Adrev was founded in 2011 and is based in Los Angeles. Adrev was acquired by Downtown through the acquisition of AVL Digital in 2019.[28]

Fuga

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FUGA is a B2B tech and music service company based in The Netherlands. Fuga was acquired by Downtown in January 2020.[29][30] Fuga provides music distribution and marketing services to labels and management teams around the world.

Downtown Music Studios

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Downtown Music Studios was a two studio recording facility located in SoHo, Manhattan. Opened in 2008, the studios were designed by Martin Pilchner and are overseen by chief engineer Zach Hancock. The studio is currently closed, timing of reopening is unknown.

Neighbouring Rights

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Through its direct affiliations with sound recording performance rights services, Downtown formally launched a Neighbouring Rights offering globally in 2016. The division enables Downtown to make certain that artists are compensated when the recorded performance of their songs are performed in public on satellite and online radio services such as Pandora.[31]

Advocacy

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Downtown's executives sit on the board of the National Music Publishers Association (NMPA) in the United States, an organization which safeguards and promotes the interests of music publishers and songwriters to government bodies, the music industry, the media, and the public. Additionally, the company recently teamed with the Berklee College of Music's Institute for Creative Entrepreneurship (BerkleeICE) to collaborate on the Open Music Initiative in an effort to achieve fair payment for songwriters through digital licensing.[32]

Kalifowitz is a co-founder of NY is Music, a coalition of over 200 organizations advancing the importance of music in economic development, culture, and education across the state. NY is Music is credited with the passage of the 2015 New York State Tax Credit for Music production.[33]

Further reading

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References

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  1. ^ Mansfield, Brian (January 3, 2016). "Downtown Music Justin Kalifowitz Talks Publishing, Big Ideas For 2016". hypebot.com. Hypebot. Retrieved October 15, 2016.
  2. ^ Ingham, Tim (December 12, 2015). "Are Music Publishers Getting a Raw Deal in the Streaming Age?". Music Business Week. Retrieved October 15, 2016.
  3. ^ Kennedy, John (December 1, 2006). "Digital Music in 2007: A Brave New World" (PDF). IFPI.com. Digital Music Report. Archived from the original (PDF) on June 9, 2016. Retrieved October 15, 2016.
  4. ^ a b c Davis, Inman (February 1, 2011). "A New Frontier In Music Publishing". American Songwriter. Retrieved October 16, 2016.
  5. ^ "Downtown Sells Label to Cofounders, Focuses on Publishing". Billboard.
  6. ^ Peters, Mitchell (August 14, 2013). "Downtown Music Publishing Expands to West Coast, Names Amy Driscoll-Dunning Senior VP". Billboard. Retrieved October 15, 2016.
  7. ^ Christman, Ed (May 20, 2015). "Downtown Music Publishing Acquires Eagle-i Music, Home of Jeff Healey, Deep Purple & Others". Billboard. Retrieved October 22, 2016.
  8. ^ "Downtown buys CD Baby owner for $200m – Music Business Worldwide". March 27, 2019.
  9. ^ "Andrew Bergman named Downtown CEO, as Justin Kalifowitz becomes Executive Chairman – Music Business Worldwide". August 18, 2021.
  10. ^ Weiss, David (January 6, 2013). "The API and the iPad: Radical Routing Arrives at Downtown Music Studios". sonicscoop.com. Sonic Scoop. Retrieved October 15, 2016.
  11. ^ Christman, Ed (October 21, 2013). "Beatles Go Downtown: Fab Four Classics Go to Indie Music Publisher (Exclusive)". Billboard Biz. Retrieved October 15, 2016.
  12. ^ Peoples, Glenn (December 21, 2015). "Pandora's Latest Direct Deal Is with Downtown Music Publishing". Billboard. Retrieved October 22, 2016.
  13. ^ MBW Staff (April 13, 2016). "DOWNTOWN MUSIC PUBLISHING INKS DIRECT YOUTUBE PERFORMANCE DEAL". Music Business Worldwide. Retrieved October 22, 2016.
  14. ^ "The A&R Awards". Music Business Worldwide. The A&R Awards/MBW. Retrieved October 22, 2016.
  15. ^ Christman, Ed (May 12, 2014). "First-Quarter Music Publishing Rankings: SONGS Surges Again". Billboard. Retrieved October 22, 2016.
  16. ^ "Downtown announces Salli Isaak Music and Salli Isaak Songs acquisition". Music Biz Nation.
  17. ^ "Downtown Music Publishing Acquires the Catalog of Indie Label Strictly Confidential". Billboard.
  18. ^ "Downtown Acquires Good Soldier Songs, Publishing Home of the 1975". Billboard.
  19. ^ "Downtown Music Holdings Acquires Leading Africa Publisher Sheer Music". Billboard.
  20. ^ "Concord Buys Downtown Music's Publishing Copyrights". Billboard.
  21. ^ a b Lindvall, Helianne (May 6, 2011). "Behind the music: In praise of Songtrust". The Guardian. Retrieved October 15, 2016.
  22. ^ MBW (May 12, 2015). "CD BABY LAUNCHES PUBLISHING ADMIN SERVICE IN THE UK". Music Business Worldwide. Retrieved October 22, 2016.
  23. ^ "Songtrust and Secretly Publishing ink new administrative partnership – Music Business Worldwide". December 15, 2020.
  24. ^ "Stones Throw Publishing inks global admin deal with Songtrust".
  25. ^ MBW (May 12, 2015). "CD BABY LAUNCHES PUBLISHING ADMIN SERVICE IN THE UK". Music Business Worldwide. Retrieved October 22, 2016.
  26. ^ Rys, Dan (January 22, 2018). "Molly Neuman Leaves Kickstarter For Role As Head of Business Development at Songtrust". Billboard. Retrieved May 15, 2018.
  27. ^ Rys, Dan (December 2, 2019). "Molly Neuman Named President of Songtrust". Variety. Retrieved October 31, 2019.
  28. ^ a b "Downtown Acquires CD Baby Owner AVL in $200 Million Deal". March 27, 2019.
  29. ^ "FUGA".
  30. ^ DOWNTOWN BUYS INDEPENDENT SERVICES COMPANY FUGA
  31. ^ Nicholson, Jessica (February 29, 2016). "Downtown Music Publishing Launches Neighbouring Rights Division". Music Row. Retrieved October 15, 2016.
  32. ^ Grow, Kory (June 13, 2016). "Music Royalties Initiative Unites YouTube, Spotify, Labels". Rolling Stone. Retrieved October 22, 2016.
  33. ^ Moorfoot, Addie (June 27, 2016). "State legislature passes music production tax credit". Crain's. Retrieved October 22, 2016.
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