Latest / Direct From Hollywood with Ryan Seacrest / Why Did Diddy Give His Entire Music Publishing Empire Back to Songwriters and Artists?

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Why Did Diddy Give His Entire Music Publishing Empire Back to Songwriters and Artists? · Direct From Hollywood with Ryan Seacrest

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  Speaker 1: Direct from Hollywood with Ryan Seacrest.
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  Speaker 2: In an era when many artists are selling their catalogs
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  Speaker 2: for hundreds of millions of dollars, hip hop mogul Diddy
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  Speaker 2: recently went in the opposite direction by giving away all
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  Speaker 2: the publishing rights he owned back to the artists and
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  Speaker 2: songwriters responsible for each song, potentially forfeiting a nine figure payday.
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  Speaker 2: It's an incredibly generous and unprecedented move, so much so
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  Speaker 2: that people are accusing him of doing it as a
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  Speaker 2: publicity stunt or pr move. But did, he tells Variety,
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  Speaker 2: it's just doing the right thing. We as an industry,
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  Speaker 2: we have to look in the mirror and make a
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  Speaker 2: shift forward. It's about evolving, leading by example and reforming
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  Speaker 2: an industry that needs it in a world that needs reform.
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  Speaker 2: One thing I do want people to know is that
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  Speaker 2: this was decided about two years ago. All the legal
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  Speaker 2: stuff just got taken care of. Now it is not
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  Speaker 2: a publicity stunt. Ditty's the love album Off the Grid
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  Speaker 2: and its lead single Another One of Me feature on
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  Speaker 2: the Weekend twenty one. Savage in French Montana's out Now
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  Speaker 1: That's Direct from Hollywood