Tag Archives: PRS

The surreal world of accounting in the music biz and the missing £500,000+

(A version of this piece was also published by the Indian news site WSN)

Bobby Valentino, when he was Young at Heart

Bobby Valentino, forever Young at Heart

Last night, Searching For Sugar Man quite rightly won the Oscar for Best Documentary.

It is partly about the search for missing royalty payments due to the Detroit-based recording artist Rodriguez, who sold zilch in the US but who was selling shedloads of albums (“bigger than the Rolling Stones”) in South Africa in the 1970s and 1980s… and, indeed, in the 1990s and 2000s…

Coincidentally, in the UK, musician Bobby Valentino has just issued a press release about the surreal lack of royalties he received on the worldwide hit song Young at Heart.

I have touched on this before – in July last year – in a blog headlined Surely not a £500,000+ music biz rip-off? How a hit record made “no money” which was about the surprising lack of royalties Bobby (did not) receive from PRS (the Performing Right Society) but Bobby provides more details in his latest press release. Last year, Bobby told me: “On average, the figures are about 5% of what you’d expect them to be.”

Now Bobby says: “By careful investigation it has been discovered that there was a change of sub-publisher on or about 4th March 1993. What is peculiar is that the royalties disclosed by PRS for the whole of 1993 are taken as those for the period 1st January until 4th  March 1993. In other words, about two months’ royalties were offered as representing the royalties for the whole year. So where did the royalties go? Quite simply to the new sub-publisher.”

The next bit takes a bit of careful reading but, says Bobby:

“The royalty information was supplied by PRS. Unfortunately they supplied the incorrect information in 2003 and since then have denied that they did so. Inconveniently for PRS there are a number of indicators that they did supply incorrect information.

“Some of this is complex but we can first focus on one key issue: On 4th March 1993 PRS recorded a change in the registration of Young at Heart. This change is shown as the (incorrect) noting of a German version of Young at Heart known as the Baerenstark version.

“In fact the existence of the Baerenstark version was not registered with PRS, as shown in their main records, until 5th February 2007. In other words whoever made the change on 4th March 1993 had supernatural powers of foresight.

“A less fantastic explanation is that the original entry on 4th March 1993 noted the change of sub-publisher and that when this became an inconvenient truth the entry was changed to a noting of the Baerenstark version.”

There is a second, related, indication of psychic gifts by someone at PRS, says Bobby, and it involved sheet music.

“Sheet music royalties,” he says, “are shown as paid to the new sub-publisher for July to September 1993. This is a further recognition of the supernatural influence of Young at Heart. Given that PRS claim the change of publisher occurred at the end of 1993 how can the new publisher receive payment for sheet music for July 1993? Someone or something is revealingly and inconveniently ahead of itself.”

Bobby Valentino says he wants PRS to treat him and fellow writers fairly and in his case to acknowledge the surreal accounting so that he can recover what is due to him.

Seems reasonable to me.

But, then, reason and moral accounting seems to be something alien to the record business and, indeed (I can tell you from personal experience) the film distribution business.

The rule of thumb is that, if they can screw you, they will.

With Bobby Valentino, though, they may have bitten off more than they can chew and gone several accountancy twists too far.

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Bring back the Fabulous Poodles and Hank Wangford + slugs & comedians

Last night, I went with my eternally-un-named friend to see Paul Astles and Bobby Valentino’s wonderful semi-regular music evening at the Wickham Arms in Brockley, South London.

I blogged in early July about violin virtuoso Bobby’s spat with PRS (the Performing Right Society) over royalties on The Bluebells’ worldwide hit Young at Heart. This seems to have been progressing and I somehow think that PRS have chosen the wrong person to have a fight with. I did not realise that venture capital companies regularly invest in prospective court cases which are likely to be won. Capitalism and gambling intermingled. Or is that tautology?

I suggested to Bobby (as he links the two groups) that the Fabulous Poodles or the Hank Wangford Band should play the Edinburgh Fringe next year, perhaps only for one week, as a teaser to attract a promoter interested in touring them. Fabulous Poodles frontman Ronnie Golden is already a Fringe regular with comedy writer Barry Cryer

I suggested a show with either The Fabulous Poodles or the Hank Wangford Band or preferably both in an hour long show at the Fringe. Maybe only for one week, to sell the idea of a tour. Those are certainly shows I would (unusually) pay to see.

But accommodation cost is always one of the major problems at the Edinburgh Fringe, so I guess it won’t happen.

Accommodation is not the only ongoing financial problem in Edinburgh, though.

A ‘think piece’ by Bob Slayer which the Scotsman newspaper suddenly pulled and which I then posted in one of my blogs on 4th August – How the Edinburgh Fringe is financed – got a lot of hits at the start of the Fringe; and a flurry towards the end of the Fringe; and today it has had another burst of sudden hits with a few comments at the bottom of the post.

I have a feeling people don’t spot any subsequent Comments on my blogs, so it is maybe worth pointing out that, in response to my blog yesterday about slugs in my back garden (it’s a glamorous life), Anna Smith made this Comment from Canada:

In British Columbia, which is neither British nor Columbia, we are over-run with slugs. Slugs have been known to decimate entire marijuana plantations, a vital industry here, now that much of our forests have been logged or destroyed by the pine beetle. The only solution to the pine beetle problem is a winter cold snap, which kills the larvae, but we have no control over the weather. Slugs are easier to combat. We place a saucer in the garden, and pour beer into it. The slugs soon appear and drink themselves to death within hours. Many comedians take years to perform the same accomplishment.

My eternally-un-named friend, at the forefront of the UK’s battle against the slug menace, has dreamt of slugs the last two nights. Giant ones climbing in and out of drains. She may try the beer option but, as I do not drink alcohol and she seldom drinks – in case the slugs do not take the bait – I may invite comedian Bob Slayer round to clear up the left overs.

Although, if I do, this may prove to be a major mistake.

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Surely not a £500,000+ music biz rip-off? How a hit record made “no money”

(A version of this piece was also published by Indian news site We Speak News)

Bobby Valentino – when Young at Heart

This morning, Bob Diamond of Barclays Bank resigned because of the interest rate fixing scandal, which most ordinary people might consider fraud. Apparently it was not legally fraud and, of course, I would not dream of implying that anything illegal was done by anyone. Clearly, in the case of Barclays Bank, everything which was done was done in a perfectly legal way – even if, to ordinary people, it was amoral and arguably immoral.

Amorality and lateral thinking where money is concerned, of course, is not limited to the banking industry. The movie industry and the music business are notorious for creative thinking where money is concerned.

Last week, I was chatting to the superb violinist Bobby Valentino in London.

I think I first saw Bobby perform when he was part of the Hank Wangford band in the mid 1980s. He is arguably most famous for his violin intro to The Bluebells’ 1993 release of their song Young at Heart.

This resulted in a 2002 court case in which Bobby claimed he had composed the very distinctive violin intro and that it made a significant enough difference to the song to be considered an original contribution. He won the case and won 25% of the writer’s royalties, backdated to 1993.

You might think that would have made him a lot of money.

Last week, though, he told me it had not.

“How much do you reckon you are owed?” I asked.

“Maybe between half a million and three quarters of a million pounds,” he replied.

“But you won the court case,” I said.

“You like surreal comedy,” he said, “so you’ll like this.”

“Mmmmm….” I said.

“I won the court case,” he told me. “The publishers were ordered to disclose their statements and PRS (the Performing Right Society) volunteered their statements. But they are, to be charitable, surreal. Young at Heart seems to have been the only pop song in history that didn’t earn anywhere near the expected royalties. On average, the figures are about 5% of what you’d expect them to be.”

“How do people calculate the expected royalties on a song?” I asked.

“By comparing it with other songs which sold similar amounts and had roughly the same amount of radio and TV play,” he replied. Bobby studied Mathematics at York University.

“There was a very high-profile TV ad for VW,” he explained, “which should have made about £80,000 for the song on just one run, from 14th February to 31st March 1993. The PRS statement for that first run shows less than £2,000 to the writer. And there was a second run of the same ad from 5th October to 4th December 1993. That should have made another £70,000.

“So how much did that second run make?” I asked.

“There are no royalties shown for that at all,” said Bobby. “None.”

“They claim there were zero royalties from the transmission run of a high-profile VW ad over two months?” I asked.

“Yes,” said Bobby. “And zero royalties for the song from America. It wasn’t a hit in America. It was only a ‘college hit’, so there would not have been a lot due. But there should have been something. Plus there were a load of British TV shows which used the song and which played in America – Midsomer Murders, all that sort of stuff. But there’s absolutely not one penny from America on the publisher’s statements or the PRS statements.”

“But Young at Heart is like Blur’s Song 2,”  I interrupted. “The sort of song where TV shows and promo & ad makers use the opening and not the song itself. Song 2 has the Wooo-Hoooooo! opening bit and Young at Heart has your violin intro.”

“Yeah,” agreed Bobby. “The number of times they use the Young at Heart opening – Diddle-diddle diddle-diddle diddle-yup-de-yup – in You’ve Been Framed!… When people are falling over, they use the violin’s Diddle-diddle diddle-diddle diddle-yup-de-yup.

“People have said to me,” Bobby laughed. “Surely there must be something dodgy with the figures that are being provided? and I tell them: Well, YOU may say that, but I couldn’t possibly comment.

“PRS’s excuse is that every UK radio station failed to report to them correctly, every UK TV station failed to report to them correctly and every overseas rights society failed to report to them correctly.”

“Who’s saying this?” I asked.

“PRS.”

“What’s the explanation?”

“Well,” said Bobby. “Someone suggested to me that the upper management at PRS has no idea what the lower echelons are doing. But that can’t be true, can it? I’m sure PRS are honourable guys. But the lower guys have come up with these statements of literally 5% of what you’d expect. You can only laugh.

“I get a bit of money. But what I should have got was the money backdated to 1993 and these statements are surreal: 5% of what you’d expect.

“In fact, I’ve got paperwork that contradicts the PRS figures, but apparently that paperwork is ‘in error’.”

“Where’s the paperwork from?” I asked.

EMI Publishing,” Bobby replied.

“PRS is saying the EMI paperwork is in error?” I asked, incredulous.

“Yeah. And they claim the whole song made £25,000 in the first year. In that first year, it should have made about a third of a million pounds. And it would have made £2 million over ten years.”

“It’s PRS who are due to pay you the money?” I asked.

“No,” said Bobby, “it’s the publishers and the main writer who are due to pay me the money. The publishers did not disclose their performance statements. You get statements for Mechanicals (which is sales), for Synch (when something is part of a TV ad) and for Performance. Hit records usually earn considerably more in Performance royalties than they do in Mechanical royalties. And the publishers did not disclose their own Performance statements.

“So they (Clive Banks Music, Anxious Music (Dave Stewart’s publishing company) and Universal Music) relied on the PRS statements. They said The PRS statements are good enough, because PRS is supposed to be Blue Chip. But, like I say, the figures read like they are from some obscure surreal comedy.

Young at Heart was a hit in Denmark. You’d expect maybe £25,000 in writer royalties for a hit in Denmark but the writer supposedly only earned £185.

“It was a hit in Portugal. The writer supposedly earned £141 – and the VW TV ad was also shown in Portugal which made the song No1 in the air-play and sales charts!

“It was a big hit in Italy. PRS claimed the writer was only due £31. There was a friend of mine in a bar in Italy and he asked about the song and the whole bar just started singing it – in English.

“When you average out all the amounts that are missing, it works out I got about 5% of what you’d expect.”

“And you reckon you might be down maybe £500,000 to £750,000 on it?”

“Yes,” said Bobby, “Of course, there are always cock-ups. It didn’t help that the publisher changed on 4th March 1993. Maybe, in that year, what might have happened is that we got shown the statements for money due before 4th March instead of for the whole year, but the odd thing is that PRS have matched the publisher’s statements to the penny. And that is weird. Statements never match each other to the penny. They might up a fiver; they might be down a fiver; it all evens out. But, in the real world, they never ever match to the penny.

Bobby Valentino smiles at surreal figures last week

“PRS claim that the sub-publisher changed from MCA to EMI on 31st Dec 1993 but I have a statement from EMI Music which shows them collecting royalties in July 1993 because, in fact, the change happened on 4th March 1993.

“This thing where the figures match exactly despite all those complications is just plain weird.

“I’ve done calculations on lots of other songs in the past and they’re never quite right. They can be a fiver or a tenner out each time. It’s up and down – swings and roundabouts – but these ones match to the penny. That never happens normally. If you don’t know the system, you might think the fact that they match seems reasonable: Well, they’re supposed to match, you would think.

“But not in the real world. For them to match to the penny is bizarre.”

I certainly have to admire Bobby’s ability to face the bizarre and the surreal.

What is even more bizarre is that I know someone else in the music business who tells me that there was a meeting of the Music Publishers’ Association shortly after that 2002 court case in which the judge (who was musically-trained) awarded Bob 25% of the royalties on Young at Heart.

“They were up in arms,” my friend told me. “They were going: We can’t have musicians getting royalties as writers! The world will fall apart if musicians get royalties as writers! And their whole vibe was: The judge got it wrong. So maybe someone decided to ‘put it right’.

“Someone told me PRS really stands for the Publisher’s Rip-off Society and not the Performing Right Society.”

But surely she must be wrong.

I believe that, like the movie distribution business, the music publishing business is an honourable world filled with honourable people.

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