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SESAC Chooses KOSCAP to Represent Its Repertoire in Korea
SESAC chooses KOSCAP to represent its repertoire in Korea, while subsidiary Audiam will handle KOSCAP's repertoire in the U.S.
The deal makes SESAC one of the first big collective management organizations ( CMOs) to move its rights out of the established Korea Music Copyright Association (KOMCA) to KOSCAP, a competitor that the government approved in 2014 to increase competition in the market. The Audiam deal calls for that company, which the SESAC Music Group bought in 2021, to collect performing, mechanical and other audiovisual rights in the U.S. on behalf of KOSCAP. This has led to competition among established organizations, as well as new companies like Soundreef – both to represent writers and publishers and to make deals with foreign CMOs.
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