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"Forbes" Magazine Breaks it Down

PostPosted: Fri Jun 15, 2007 1:05 am
by TRAGChick
Check out the commentary in red....."desirable product placement" that SLIPPED THRU THEIR EFFING FINGERS!!! :x

http://www.forbes.com/media/2007/06/13/ ... urney.html

Journey's Happy Ending

Louis Hau, 06.13.07, 6:54 PM ET

Sopranos fans may not be thrilled with the series' ending, but Journey sure is. When 11.9 million HBO fans held their collective breath Sunday night, they did it to the aging rockers' 1981 chestnut "Don't Stop Believin.'"

Talk about desirable product placement. Late Wednesday afternoon, the song was the 19th most downloaded song on Apple's (nasdaq: AAPL - news - people ) iTunes Store, where the Top 100 downloads are composed almost entirely of new releases. And during the past two days, "Don't Stop Believin'" saw a 153% spike in U.S. radio play compared with Monday and Tuesday of last week, according to Nielsen BDS.

"When you can get that kind of exposure, that's fantastic,'' says Justin Shukat, partner and general manager of Primary Wave Music Publishing of New York, which is one of the players trolling for opportunities in the music licensing arena.

Based on what other TV shows have previously paid for music licensing, Sopranos producers likely paid anywhere from $25,000 to $100,000 for the right to use the song, netting a nice pay day for Sony BMG Music Entertainment, which owns the master recording of the song, and Journey's then-lead singer Steve Perry, guitarist Neal Schon and keyboardist Jonathan Cain, who teamed up to write the song. Also among the beneficiaries will be Perry's own Lacey Boulevard Music and Schon and Cain's Weed High Nightmare Music, administered by Wixen Music Publishing.

Every time Time Warner-owned HBO airs a rerun of the series finale, it will also have to pay a performance royalty to the songwriters and their respective publishing companies, much like terrestrial radio stations have to pay publishing royalties whenever they play a song on the air.

What's particularly gratifying about such licensing deals is that they provide the kind of publicity that marketers are often willing to pay for in the form of product placements. Most importantly, for Journey and Sony BMG, the Sopranos' use of "Don't Stop Believin" provided great exposure for a song that probably hadn't been on the radar of many viewers for quite some time.

It's just the latest high-profile example of the growing use of music licensing by TV networks, Hollywood studios and advertising agencies. Colorado rock band the Fray received a big boost from Disney's (nyse: DIS - news - people ) ABC drama Grey's Anatomy when the show prominently featured the title track to its 2005 debut album How To Save A Life. Australian songbird Sia gained fans in the U.S. when HBO's Six Feet Under featured her song "Breathe Me" in its 2005 series finale. And, of course, there's British band A3 whose song "Woke Up This Morning" was used as the Sopranos theme song.

For the recording industry and performers, licensing songs provides a welcome source of additional revenue and publicity at a time when sales of recorded music continue to fall. And with so many other options available for consumers to access music and other entertainment options, recording artists recognize that licensing deals provide a valuable way of getting their music heard above the din.

Primary Wave, for instance, acquired a 25% stake in the song catalog of late Nirvana frontman Kurt Cobain last year and more recently acquired a financial interest in the publishing rights of Earth, Wind & Fire frontman and principal songwriter Maurice White, and Darryl Hall and John Oates of Hall & Oates fame.

The company licensed the Hall & Oates song "One On One" for an episode of the NBC Universal drama Medium. And the company is well versed in the advantages of getting a song on the finale of a hit show, having licensed the Nirvana song "Scentless Apprentice" for use in the season finale of the ABC hit series Lost.

The Sopranos wasn't the first time "Don't Stop Believin'" generated additional income for its record label and its songwriters. The song appeared on Viacom's (nyse: VIA - news - people ) MTV reality show Laguna Beach, News Corp.'s (nyse: NWS - news - people ) Fox animated comedy The Family Guy, and numerous other shows and movies, and was adopted by the Chicago White Sox baseball team as an unofficial theme song for the team's successful 2005 run for a World Series championship.

PostPosted: Fri Jun 15, 2007 1:12 am
by squirt1
Wow ! You are sure good at finding these articles. Forbes,no less, is writing about DSB and the cash it generates.

PostPosted: Fri Jun 15, 2007 1:19 am
by tammy
It really is cool to see DSB climb up the iTunes chart amongst all the Rap & Hip Hop! It's at #18 today. :) This is the third time I've seen that in the last couple of years - when Laguna Beach & White Sox made it popular again.
I'm just glad SP has input on where the music is placed - at least, he always has integrity...whereas, I can totally picture Neal just throwing it out there to any stupid show or product! :x

PostPosted: Fri Jun 15, 2007 1:21 am
by nikki
Their timing is impeccable, isn't it?!?

PostPosted: Fri Jun 15, 2007 1:22 am
by larryfromnextdoor
what if jeff was an equal partner,, and he was let go the day before the big money came in.. is that a stretch? with that kinda cash flow,, none of them care about our little message board.. who needs to tour and write with all this ...

PostPosted: Fri Jun 15, 2007 1:28 am
by Scarab Pilot
Perry's own Lacey Boulevard Music


Sounds a little GHEY for me. Steve couldn't come up with a more creative name than LACEY BOULEVARD? :lol:

PostPosted: Fri Jun 15, 2007 1:29 am
by TRAGChick
####

PostPosted: Fri Jun 15, 2007 1:29 am
by TRAGChick
Scarab Pilot wrote:
Perry's own Lacey Boulevard Music


Sounds a little GHEY for me. Steve couldn't come up with a more creative name than LACEY BOULEVARD? :lol:


It's a street name in Hanford.

PostPosted: Fri Jun 15, 2007 1:32 am
by Scarab Pilot
tragchk wrote:
Scarab Pilot wrote:
Perry's own Lacey Boulevard Music


Sounds a little GHEY for me. Steve couldn't come up with a more creative name than LACEY BOULEVARD? :lol:


It's a street name in Hanford.
Thanks for the explaination. Sorry for the double post.

PostPosted: Fri Jun 15, 2007 2:27 am
by PROPERRY
WoW!!! Now they are getting written up in "Forbes magazine", that is really great! It just keeps getting better & better for Steve Perry!!! 8) :D :D

I'm so glad that HE is going to make a TON of money from DSB being played on the Soprano's show! Best of all, it's fantastic to hear that the song is getting, such a huge amount of airplay on the radio everywhere, as it should, it is a GREAT song! :D

I'll keep hoping MORE good things keep coming Perry's way out of all that has happened recently.