SESAC Acquires The Harry Fox Agency


Sign in to view read count
Streaming is not just causing a seismic shift in recorded music revenue, its disrupting music publishing and performing rights, as well. Mechanical licenses handled by Harry Fox were once a  lucrative business, but as tracks sales decline and streaming rises, performing rights have become an increasingly valuable business. 

Privately owned performing rights agency SESAC has purchased mechanical licensing leader The Harry Fox Agency for an undisclosed sum rumored to be north of $35 million. Harry Fox is owned by the National Music Publishers Association. This new deal would allow SESAC to make deals for mechanical licenses alongside broadcast, digital and performance royalty collection.  

ASCAP and BMI are  prevented by federal law from handling mechanical licenses, but are seeking to change that. 

“If the SESAC-H.F.A. deal goes through, it may signal the start of a new cycle of competition, consolidation and deal-making in the global music rights industry,” Larry Miller, an associate professor of music business at the Steinhardt School at N.Y.U. told the New York Times. 

Continue Reading...

This story appears courtesy of HypeBot.
Copyright © 2021. All rights reserved.

Post a comment


Jazz News


All About Jazz needs your support

All About Jazz & Jazz Near You were built to promote jazz music: both recorded albums and live events. We rely primarily on venues, festivals and musicians to promote their events through our platform. With club closures, limited reopenings and an uncertain future, we've pivoted our platform to collect, promote and broadcast livestream concerts to support our jazz musician friends. This is a significant but neccesary step that will help musicians and venues now, and in the future. You can help offset the cost of this essential undertaking by making a donation today. In return, we'll deliver an ad-free experience (which includes hiding the sticky footer ad). Thank you!

Get more of a good thing

Our weekly newsletter highlights our top stories and includes your local jazz events calendar.