O Canada! 6.25.15

Good news today for Canadian artists that no one could have predicted when 2015 first started. Just two months after the intention to amend the Copyright Act from 50 years to 70 years for royalties of a musicians works was discussed , it has now become reality. Canada now joins the list of over 60 countries that have 70 years of royalties from the date of publication for sound recordings and live performances before their work enters the public domain. And with this, Canadian musicians across the country are excited by this and with reason to be with the increase royalties providing a financial security for those who's best hits came out while they were young and are now relaxing in their golden years.

"In extending the term of copyright in recorded music, Prime Minister Harper and the Government of Canada have demonstrated a real understanding of music’s importance to the Canadian economy. Thank you. We are thrilled to see Canada brought in line with the international standard of 70 years,"

-Graham Henderson, President of Music Canada

I know my aunt and uncle who were musicians during the 50's up in Alberta, Canada would be thrilled by this news. Share with us how this will affect you or people you know, we'd love to hear all about it!

Sean Myles Moriarty, Intern @ PARMA Licensing

Synthesizer's Sell 6.17.15

The pioneering synthesizer maker, Moog Music, was sold this week but in a rather unusual way than everyone expects. Instead of being bought up or sold off to major companies within the industry, they've been sold to the employees. Mike Adams (CEO) announced this business move, also stating that he will hold onto 51 percent while the employees of Moog take the other 49 percent. But it's also important to note that Mike Adams has set it up so the employees will buy his shares slowly over the course of the next six years. With this, Adams is set up to remain the president and CEO until the end of those six years where he will step down. And so with the growth of the company continuing to increase with its yearly revenue up almost 50 percent last year compared to the previous years, they'll be set up for success if things continue moving in the same direction as they are headed. It's only good things for all parties involved within Moog Music.

What do you think about this drastically different idea of a business deal?

Check out the full article here.

Sean Myles Moriarty, Intern @ PARMA Licensing

Apple attempting the catch Spotify 6.12.15

Apple is attempting to take on it's major competitor Spotify with it's major announcement this coming Monday. But the important thing to notice before the announcement even begins on Monday  at WWDC is just the approach the company is taking with this new innovation. By having a $10 entry fee into their new service, they'll likely scare away many who are used to getting this service for free. Apple is banking on it's largest artists exclusivity to be enough to pull people into their company with musicians like Drake & Pharrell Williams.

This is now the second time in ten years that Apple has tried to revolutionize the music industry so it'll be interesting to see if the tech giant can stay on top.

Sean Moriarty, Intern @ PARMA Licensing