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Why Mallorca’s IMPF Conference Is Becoming Essential For the Global Music Biz
As MIDEM recedes, the new IMPF conference in Mallorca is becoming the new go-to music publishing conference for the European music business.
MIDEM was like the throne room of the Imperial Music Business, where dealmakers held court at high-end hotels and the hamburgers cost 35 Euros. The next day’s keynote came from BMI President and CEO Mike O’Neill, who gave an audience used to dealing with traditional, nonprofit collective management organizations a look at the alternative his company represents now that it’s owned by private equity investors. He pointed out that this might not be so different from the status quo, since SESAC has a similar ownership structure and GMR is said to have an “understanding” to sell some of the company to a private equity firm.
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