Neighboring rights are distinct from performance rights in that the former pays out public performance royalties owed on the sound recording whereas the latter compensates publishers, composers and writers for the composition.
“With revenue from touring and live performance dramatically reduced, artists and record labels are bringing added scrutiny and focus to important income sources like neighbouring rights,” said Downtown executive vp of global business development Andrewin a statement.
Added Francis, “The comprehensive neighbouring rights management service that we’ve built is a part of the world-leading suite of end-to-end services that Downtown Music Holdings provides. We have a bespoke approach and a more involved relationship with our clients.
Downtown has had a busy 2020. In addition to its FUGA acquisition in January, over the past month the company has acquired two independent publishers: South Africa-based Sheer Publishing and Good Soldier Songs Ltd, longtime home of
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