Audiam was sold Wednesday to the performance-rights organization SESAC.
The change in ownership from SOCAN to SESAC brings Audiam under the same roof as the Harry Fox Agency.
"This is another brick in the wall of the strategy of finding businesses to deliver superior value to rightsholders," says, CEO of SESAC, which also owns the Harry Fox Agency. "Our plan is to continue broadening the scope of services we offer." Price is critical of the sale partly because SESAC also owns Harry Fox, which works with publishers and labels to distribute mechanical royalties to publishers. Price, who accuses Harry Fox of a"lack of payments to copyright holders," viewed Audiam, which competed with it in some ways, as providing a kind of unofficial check on its work.
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