RapGenius.com & Sony/ATV Secure Licensing Deal

[ManBearPig]

Rap Genius has obtained a licensing deal with the world's largest music publisher.

Last week, it was reported that RapGenius.com was among 50 lyrics sites that were sent take-down notices by the National Music Publishers Association (NMPA), requesting that the sites either obtain licenses to publish lyrics or remove copyright lyrics from their sites.

Now, Rap Genius has revealed that it obtained a licensing deal with Sony/ATV Music Publishing, reports Billboard.

Martin Bandier, Chairman & CEO of Sony/ATV Music Publishing, addressed the website, stating that it allows songwriters and fans to connect in a "new and exciting way."

Other licensing deals are the goal, as Rap Genius co-founder Tom Lehman referred the conversation with other music publishers and said the site's relationship with artists "will only grow stronger" as more licensing deals are reached.

The ultimate goal, however, is "to add context to all important texts in peoples lives," said Lehman. Rap Genius has also launched sites for Rock, poetry, and news, and hope to create a paid enterprise service for business users.

Sony/ATV is the world's largest music publisher with approximately 31% of the global market. However, the majority of songs cataloged by Rap Genius are not yet licensed.

NMPA President and CEO David Israelite explained that he wants to facilitate licensing deals, not shut down unlicensed sites. "We simply want those that are making money off lyrics to be business partners with the songwriters who created the content that is the basis of the sites," he said.

In 2012, RapGenius.com added Nas as an advisor.

http://www.hiphopdx.com/m/index.php?s=news&id=26288

 

[tybo]

Nice move!

 

[KENNY DA COOKER]

Nice move!

FUKKED UP for the artists though.........now RECORD COMPANIES can eat off an artists work just based on the lyrics being posted on a website..........

HOW MUCH IS THE REVENUE going to the artist???

with the horrible share of revenue coming from streaming (11 cents a stream) i wouldn't expect this to be anymore profitiable

 

[LAXtoNY]

Yall thought Nas was gonna catch another L in business.

Nope. Life is still good.

 

[aa_2001]

Yall thought Nas was gonna catch another L in business.

Nope. Life is still good.

 

[KENNY DA COOKER]

Yall thought Nas was gonna catch another L in business.

Nope. Life is still good.

http://www.forbes.com/sites/zackomalleygreenburg/2012/05/31/how-nas-became-a-true-rap-genius/


Sounds like NAS is the SHARECROPPER offering his services to "interpet" lyrics for RAPGENIUS as a probono consultation service
while the RAP GENIUS "BRAIN TRUST" takes in the $$$



By early 2011 the site was drawing over 1 million unique visitors per month, and people started to take note—including Nas’ management team. Later that year the Rap Genius brain trust met with Nas in Los Angeles to discuss possibilities for collaboration.

“My team found out about them, and got in touch with them, and thought it was something I’d flip out for,” he says. Adds Zechory: “Nas is like one of our favorite rappers ever … We decided to build this whole verified thing basically after our first meeting.”

When asked if there was a financial agreement with the Nas, the founders of Rap Genius would only say, “It’s all love.”


sounds like a HUGE L to me........cause RAPGENIUS also secured a 15 million dollar investment that i'm pretty sure your "HERO" nas ain't seeing one cent of :upsetfarve:

http://www.complex.com/music/2012/10/rap-genius-gets-15-million-investment

 

[Big Mel]

^^^that.


plus you just know they gave his simple ass a garbage bag full of kush to hang out in the office.

 

[scuba]

http://www.forbes.com/sites/zackomalleygreenburg/2012/05/31/how-nas-became-a-true-rap-genius/


Sounds like NAS is the SHARECROPPER offering his services to "interpet" lyrics for RAPGENIUS as a probono consultation service
while the RAP GENIUS "BRAIN TRUST" takes in the $$$



By early 2011 the site was drawing over 1 million unique visitors per month, and people started to take note—including Nas’ management team. Later that year the Rap Genius brain trust met with Nas in Los Angeles to discuss possibilities for collaboration.

“My team found out about them, and got in touch with them, and thought it was something I’d flip out for,” he says. Adds Zechory: “Nas is like one of our favorite rappers ever … We decided to build this whole verified thing basically after our first meeting.”

When asked if there was a financial agreement with the Nas, the founders of Rap Genius would only say, “It’s all love.”


sounds like a HUGE L to me........cause RAPGENIUS also secured a 15 million dollar investment that i'm pretty sure your "HERO" nas ain't seeing one cent of :upsetfarve:

http://www.complex.com/music/2012/10/rap-genius-gets-15-million-investment

who knows what the deal is but sounds like some cross promotion stuff... anyways as far as i know rapgenius hasnt made a dollar yet... 15 million dollar investment round is not money they can cash out with, until they sell, or IPO or show some kinda revenue stream they are not making money

 

[LAXtoNY]

damn

 

[DeuceZ]

was just reading the story of Rapgenius possibly being shut down on friday....good move im sure their lawyers saw this coming down the road

 

[Big Mel]

hey Nas fans. You're aware of the owners of rapgenius having a secret chat room where they called black people racial slurs and mock the culture right? Should schnoz denounce and separate himself from the company or pull a jigga?

 

[ManBearPig]

Haha

 

[Young/Nacho\Drawz]

They had to do this just to post lyrics on their site? Am I reading this correctly?

Also, isn't sony/atv micheal jackson's old company he had a piece of?

 

[Young/Nacho\Drawz]

hey Nas fans. You're aware of the owners of rapgenius having a secret chat room where they called black people racial slurs and mock the culture right? Should schnoz denounce and separate himself from the company or pull a jigga?

 

[KENNY DA COOKER]

They had to do this just to post lyrics on their site? Am I reading this correctly?

Also, isn't sony/atv micheal jackson's old company he had a piece of?

Yup the company TOMMY MOTTALA tried to MUSCLE MICHEAL JACKSON out of

smh at NAS working with bloodsukkas