French amassing society SACEM yesterday launched it had reached a settlement with broadcaster Canal+, bringing to an end a dispute over royalties that had been developing for a while. It was a reasonably fascinating squabble, in truth, given Canal+ is owned by Vivendi, and is because of this reality a sister company of Universal Music Publishing, a key member and ally of SACEM, and a beneficiary of the royalties the society collects.
The music rights society says that its settlement covers every royalties due for this yr and models in place a licensing affiliation that will run until a minimum of the highest of 2019. This, supplies SACEM, “will enable creators to receive payment in a satisfactory way”, and as such the society is dropping its approved movement in opposition to the Vivendi subsidiary.
Confirming a settlement had been reached, SACEM boss Jean-Noël Tronc talked about: “SACEM has defended the interests of its members uncompromisingly, to guarantee everyone the fairest remuneration terms. Once again, SACEM has demonstrated the importance of the collective management model in defending the rights of creators. We hope that the strategic repositioning of Canal+ Group will allow it to successfully re-establish itself to the benefit of the entire creative ecosystem”.
Speaking for Canal+, Jean-Christophe Thiery talked about: “Canal+ Group is delighted to have entered this new partnership with SACEM for the coming years, which takes into account our new offers to subscribers and particularly the amount of sports on our channels and in our packages. With this agreement, our group renews its commitment to the financing of creation and support of authors in France”.