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Canadian Court Sides with Tech Giants Over Culture

(July 17, 2012)

TORONTO, ONTARIO -- (Marketwire) -- 07/17/12 --

Editors Note: There is a photo associated with this press release.

The assault on Canadian culture and jobs, begun with the new copyright Bill (C-11), continued with the recent Supreme Court decision that awards some 30% of music download royalties to corporate tech giants and international music services.

The Court cited technological neutrality as one of the reasons for the decision despite the fact that the economics in the digital delivery of music are not neutral and convey many profitable benefits to distributors, services and consumers.

Says Robert Ott, CEO of ole, Canada's largest music publisher: "The alarming expropriation of Canadian culture and jobs in favor of tech giants is not only killing music and jobs, it's also eroding Canada's tax base and negatively impacting consumers."

Ott adds: "None of the money taken away from Canadian artists, publishers and their employees by this latest Court decision is going to result in cost savings for consumers. The music offering is going to be negatively impacted as it requires investment from companies like ours to produce great content for the market."

Earlier, Bill C-11, the long awaited amendment to the Copyright Act, sided heavily with ISPs, broadcasters and other industry lobbies and moved to expropriate and limit the music industry's ability to find markets in modern technologies.

Concludes Ott: "There's nothing neutral about tech or the profits that these corporate giants are amassing on the backs of the music community. A lot has been made of freedom of the Internet and even freedom of speech, but what about freedom of the market? Governments and courts should allow business to evolve on a level playing field and not side with one industry over another. Intellectual property is our collective future and we should not sell it out just to make a fast buck."

About ole:

ole (pronounced "oh lay") is one of the World's leading music publishers and Canada's largest, with over $115 million dollars invested in copyrights. Based in Toronto, with additional offices in Nashville and Los Angeles, the company has a staff of over 40 experienced industry professionals focused on acquisitions, artist development, and worldwide copyright administration. ole has recently entered the Production Music space with operations in the U.S. (MusicBox) and Canada (clear).

ole has been named Canadian Country Music Association's Music Publishing Company of the Year for the past five years and earned its first Grammy Award in 2009 for Best Country Song, "White Horse." Other recent notable ole awards include: 2012 ACM Song of the Year, "Crazy Girl" (Eli Young Band), SESAC 2011 Country Performance Activity Award for "Til Summer Comes Around" (Monty Powell/Keith Urban); three BMI 2011 Most Performed Songs Awards for "Fearless" (Liz Rose, Taylor Swift); "Why Wait" (Jimmy Yeary, Tom Shapiro) and "Let Me Down Easy" (Marty Dodson, Jennifer Hanson, Mark Nesler) ; 2011 SOCAN Country Music Award for "Make Hay While The Sun Shines" (Steven Lee Olsen, Bruce Wallace); 2011 SOCAN Domestic Television Series Music Award "Busytown Mysteries" (Peter Coulman, Carl Lenox, David Tedesco); and 2011 SOCAN Award for 100,000 Radio Performances of Lighthouse's "Sunny Days" and "Pretty Lady" (Skip Prokop).

The ole catalog includes over 45,000 songs and 40,000 hours of TV music across all genres. ole has completed over $115MM USD in acquisitions, including purchases of music catalogs: Blacktop, Jody Williams Music, Rami Yacoub, Chris Wallin, Rick Giles, Balmur, Keith Follese, Lighthouse, Frank Myers, Dream Warriors, Encore, David Tyson, and Marsfilm Music. ole has also purchased the worldwide music rights for TV catalogs such as WGBH, Cookie Jar, Cineflix, CCI and recently, "The Cat In The Hat Knows A Lot About That."

Notable copyrights for ole include; Aerosmith's "Legendary Child", "Springsteen" by Eric Church, Taylor Swift singles "Fearless," "White Horse," "Tim McGraw," "Picture To Burn," "Teardrops On My Guitar"; Rascal Flatts' "Why Wait"; Kelly Clarkson's "Miss Independent"; and "I'm Not a Girl, Not Yet a Woman" by Britney Spears; Pink's "You and Your Hand"; "It's Gonna Be Me" from 'N Sync; "Shape of My Heart" by Backstreet Boys; iconic Canadian Olympic theme "I Believe"; "Black Velvet" by Alannah Myles; Tim McGraw's "Something Like That."

ole owns or represents up to 150,000 production music tracks within its MusicBox and clear libraries. With 10 staff in North America, ole's Production Music division delivers excellent customer service and quality Creative on a leading edge IT platform. Our production music division leverages ole's established Administration, Finance and IT services.

ole is committed to being the best and most innovative global destination for world-class songwriters, composers, and management talent, and the first choice music source for creators in all media.

To view the photo associated with this press release, please visit the following link:

Julie Moe
615.327.2605 Ext. 4086

Copyright @ Marketwire

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